Homegrown Charlotte data analytics company announces 200 jobs and multimillion-dollar expansion

Cory Burkarth
cory.burkharth@charlottenc.gov
10/31/2019

CHARLOTTE, N.C. (Oct. 31, 2019) – The City of Charlotte and Mecklenburg County announced today that Stratifyd, a technology start-up founded in Charlotte in 2015, will expand its presence in the city by adding at least 200 jobs to its current workforce and moving to a new 30,000-square-foot office located within an opportunity zone in the FreeMoreWest neighborhood.

Former University of North Carolina at Charlotte professor Derek Wang and two students, Li Yu and Thomas Kraft, launched Stratifyd in 2015 as government-funded research on the ways augmented intelligence could ingest, analyze and visualize structured and unstructured data. Stratifyd is one of the fastest-growing technology firms in Charlotte. The company has doubled its number of employees over the past year and has a customer base primarily made of Fortune 1,500 companies.

 "It's amazing to see the rapid growth of Charlotte, from my years of research at UNC Charlotte to now, and it's an honor to be a part of it," Wang said. "Our success is a true testament to our talented team, who are dedicated to challenging the status quo and pushing the boundaries of technology."

Over the past year, the City of Charlotte and Mecklenburg County have partnered to bring over 7,900 news jobs to Charlotte. Stratifyd is the latest company to announce a significant expansion or relocation in Charlotte. Last week, Microsoft announced an expansion of its Charlotte location, joining Lowe's, Honeywell, Better.com, BB&T and SunTrust, and many other companies expanding in and relocating to Charlotte.

"The Charlotte region has become a hotbed of business technology and advancement, and we've seen how developing companies value what we have to offer," said Mayor Vi Lyles. "Homegrown companies, like Stratifyd, have helped us to earn that reputation and I hope it continues to grow and prosper, while promoting our city in the process."

Stratifyd has been a leader in artificial intelligence and machine learning technology in Charlotte since it was founded. The company has participated in career fairs, hosted hackathons, and is a business sponsor for the UNC Charlotte College of Computer and Informatics. Stratifyd also works with Carolina Fintech Hub's Workforce Investment Network to create new pathways for untapped talent, partners with the Dottie Rose Foundation to host Girls in Technology days, and plans to donate one percent of its topline revenue to invest back into the Charlotte community.

"Mecklenburg County is proud to support the growth of Stratifyd from a start-up in 2015, to adding at least 200 employees," said George Dunlap, chairman of the Mecklenburg Board of County Commissioners. "Their growth represents economic growth for our entire county. Stratifyd is another example that shows how Mecklenburg County has the talent, the entrepreneurial ecosystem, the business-friendly climate and most importantly the higher education infrastructure that allows cutting-edge technology companies to reach their full potential."

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The City of Charlotte provides services to more than 870,000 residents. The city's priorities are economic development, neighborhood development, transportation and planning, and well-managed government. For the latest news and updates about city government, visit the citywide newsroom at newsroom.charlottenc.gov, and follow @CLTgov on Facebook, Twitter and Instagram.