Waverly startup Yet Analytics has raised $1.3 million in investment to put toward hiring and its data analysis technology.
Yet's technology gathers data from across multiple systems within a company or organization and helps identify trends and patterns to improve outcomes.
A host of local investors contributed to the investment round. Cockeysville-based Panther Angels led the round. The investment firm was launched by the co-founders of Astrum Solar, a Howard County energy firm sold to Direct Energy for $54 million last year.
Other investors included: Baltimore Angels, a coalition of local technology executives; Dingman Angels, an investor group based out of the University of Maryland's Robert H. Smith School of Business; and A-Level Capital, a venture capital fund recently launched by Johns Hopkins University students.
Yet is based out of the city's Emerging Technology Center business incubator and is also a member of Betamore, a Federal Hill incubator and technology industry group, and 1776, a Washington, D.C., incubator.