Monday, February 14, 2022

Barbershop-Focused Technology Firm

Cream Ridge, NJ resident Edward Granaghan keeps abreast with upcoming companies that use technology to make everyday activities more efficient.. Among the companies that is very impressive in addressing the inconvenience and wait times while getting a haircut is Squires Technology.

Squire's app has made getting an appointment at a local barbershop so easy and convenient, it was able to raise $60 million in July 2021 in its latest round of funding. It increased the firm’s total funds raised to $165 million and tripled company valuation to $750 million. The proceeds are to continue to scale its engineering and sales team. Tiger Global led the round of funding, which included existing investors ICONIQ Capital, Trinity Ventures, and Charles River Ventures. Before the fundraising, the company had already grown, catering to more than 2,000 partners, spanning three continents, in 40 primary markets.

Founded in 2015, Squire offers full-scale barbershop management, including CRM, scheduling, payroll, and more, along with a POS system allowing its clients to scale their business while lessening the time needed for back-office operations. The platform serves stand-alone locations, independent professionals, and multi-location franchises.

Friday, January 21, 2022

DataGryd Completes Construction of DataSuite 6

With experience helping companies to be more efficient and streamline their business processes, Edward Granaghan is a Cream Ridge, NJ, finance operations professional with many years of experience. With an interest in high growth technology companies, Edward Granaghan follows the progress made by DataGryd. In July 2019, DataGryd completed construction of DataSuite 6, the largest data storage facility in New York, NY.

Located in Manhattan, DataSuite 6 is a facility with 72,000-square-feet of space. A company can rent use of a suite in the facility and request a particular size for data storage. For maintaining operation uptime, the data storage hardware is powered by separate generators, cooled by cooling towers, and receives power directly from the local utility company. In this way, even if power is lost to DataSuite 6, companies can still access their data stored at the facility.

DataSuite 6 can support up to 5 megawatts of power per suite. DataGryd offers suites to prospective renters with at least 100 kilowatts of power, while ensuring energy efficiency and a simple setup procedure.

Monday, September 20, 2021

Squire Valuation Triples to $750 Million

A resident of Cream Ridge, New Jersey (NJ), Edward Granaghan , finds what Squire co-founders have accomplished in the past few years very impressive.

CEO Songe LaRon and president Dave Salvant founded Squire Technologies in 2016. A barbershop tech platform, the business has a staff of 175 and is used by more than 2,000 barbershops. It makes software for these businesses that aid in such things as managing customer payments and coordinating client scheduling. While the COVID-19 stay-at-home orders did negatively impact Squire’s revenues, the business has been steadily growing as barbershops resume operations and enjoy increasingly higher occupancy allotments.

Unsurprisingly, Squire announced an increased valuation in July 2021. Thanks to a new round of funding, its total valuation rose to $750 million. This increase happened less than a year after the last round of venture funding that Squire pursued and resulted in the company’s total valuation tripling. Tiger Global led the new Series D round of funding, which included participation by Trinity Ventures, Iconiq, and CRV.