Thayer Ventures Announces Investment in RS21 Data Science Company

San Francisco Investor Backs Albuquerque Enterprise, Fueling Local Growth and Innovation

Albuquerque, July 11, 2023 /PRNewswire-PRWeb/ -- Thayer Ventures, a leading venture capital firm with offices in San Francisco and Santa Fe, announced today that it is investing $3 million in RS21 (Resilient Solutions 21), a data science company headquartered in downtown Albuquerque. RS21, a New Mexico Flying 40 and Inc. 5000 fastest-growing data science company for three years in a row, specializes in using data and AI for good and developing big data technologies for better decision-making.

The investment marks the first external funding raised by RS21, which was founded in New Mexico in 2015 and has since been recognized as a Gold Stevie® Award Winner in the American Business Awards® as well as a New Mexico family-friendly business and best place to work. The company plans to use the funding to create 30 additional jobs over the next two years, increase the pipeline of its data analytics service industry and capitalize on its ability to evolve its most promising technologies into products.

"We are thrilled to partner with RS21 and continue our investment in the New Mexico economy," said Mark Farrell, Managing Director of Thayer Ventures. "The company's innovative approach to socially responsible AI and data-driven tools is already disrupting the government and commercial industries, and we believe that with our investment and support, RS21 is poised for significant growth over the next few years."

Charles Rath, RS21 President and CEO, added, "We are excited to have Thayer Ventures as a partner in our journey to enabling more organizations to make better, smarter, faster decisions based on empirical evidence. Their expertise and track record of success in early-stage technology companies make them the perfect partner to help us advance our capabilities and make data insights more accessible to decision makers."

The investment is expected to generate significant returns for both RS21 and Thayer Ventures. Thayer Ventures has a successful track record of backing industry-leading companies, and their investment in RS21 is a testament to the company's potential. Meanwhile, RS21's approach to using data for good promises to enhance thoughtful, ethical insights for industries represented in Thayer Ventures' portfolio, including hospitality, transportation, and travel.

About RS21

RS21 is a rapidly growing data science company that uses artificial intelligence, design, data engineering, and modern software development methods to empower organizations to make data-driven decisions that positively impact the world. Our innovative solutions are insightful, intuitive, inspiring, and intellectually honest. With offices in Albuquerque, NM and Washington, DC, RS21 is an Inc. 5000 fastest-growing company three years in a row, a Stevie Gold winner two years in a row and a Fast Company Best Workplace for Innovators.

We help clients achieve programmatic goals, improve efficiencies, reduce costs, and maximize productivity using MOTHR, our human-centered, artificial intelligence engine that allows users to seamlessly integrate data and reveal insights at hyper speed. We navigate complex data issues in healthcare, defense, safety, urban planning, energy, cyber, land use, climate, disaster preparedness, disaster recovery, space, and social equity. For more information, visit http://www.rs21.io.

About Thayer Ventures

Thayer Ventures (Thayer) invests in technology companies with a focus on the travel industry. This industry represents more than $10 trillion in annual global economic activity, is thriving with entrepreneurial activity due to disruptive changes within the sector that began more than a decade ago. Recent consumer trends have accelerated this disruption for operators across the travel world, creating unprecedented opportunities for technology providers to make significant inroads into what was previously a closed market.

With offices in San Francisco, CA and Santa Fe, NM, Thayer has been investing in the New Mexico economy since 2018.

Media Contact

Natalie Sommer, RS21, 1 (505) 314-2141, [email protected], https://rs21.io

SOURCE RS21