Philadelphia, July 11, 2013 – Mayor Michael A. Nutter and Curalate, one of the city’s fast-growing technology companies, officially opened the company’s new headquarters at 2401 Walnut Street. Founded in May 2012 by Apu Gupta and Nick Shiftan, Curalate has outgrown three different Philadelphia offices and increased its employee count from three to twenty-one people in a year. Last month, Curalate won the 2013 Ernst & Young Entrepreneur Awards for Philadelphia in the Emerging award category.
“Curalate’s growth is yet another sign that Philadelphia is increasingly becoming a hub for fast-growing technology companies and a place for entrepreneurs to start and grow their businesses,” said Mayor Nutter. “My Administration is committed to doing all we can to make Philadelphia a more business-friendly place and to put this city on the map as one of America’s most diverse, dynamic and exciting places to build a company.”
Curalate describes itself as the most comprehensive platform for marketing with images. Hundreds of the world’s leading brands and agencies rely on Curalate’s advanced image recognition algorithms and marketing tools to understand visual conversations and increase fan engagement. Curalate works with brands in the consumer packaged goods, retail, publishing, luxury, automotive and media sectors and is backed by top tier venture capitalists including NEA and First Round Capital.
“We are committed to continuing to build our business in Philadelphia and are grateful for the support the city and its administration have provided to date,” said Apu Gupta, CEO of Curalate. “In the coming months, we intend to keep hiring and are counting on Philadelphia’s robust talent pool to assist in our growth.”
Supporting entrepreneurs and startup companies in Philadelphia is a major priority for the Nutter Administration. Earlier this year, Mayor Nutter announced that leading venture capital firm First Round Capital would partner with the Philadelphia Industrial Development Corporation to create a $6 million Startup PHL Seed Fund which will make investments in startup technology companies based in Philadelphia. The announcement of the first investment will be made in the near future.
The Nutter Administration has also provided Startup PHL grants to organizations such as the Enterprise Center, Benjamin Franklin Technology Partners, Startup Corps, and Campus Philly that are working to support entrepreneurs in Philadelphia, particularly those that are connecting young people to opportunities to create their own businesses.