The Venture Codex Logo

The Venture Codex

Bitwise

6821 Oaklands Corporate Court, Annapolis Junction, MD, 20701, United States

Overview

Bitwise operates a three‑pronged model: a coding bootcamp (Geekwise Academy), a software development and managed‑services business (Shift3 Technologies) and commercial real‑estate redevelopment that creates coworking, restaurants and cultural space. The firm generates the bulk of its revenue from partnering with organizations to design, build and deploy digital solutions, including Salesforce and DocuSign implementations, custom apps, websites and contract developer pools. Bitwise reports over 500 customers across 15 states, more than 500 employees across 10 locations (triple the headcount from three years prior) and Forbes estimated revenue of $40 million in 2020. The company says it has renovated over one million square feet of real estate, supported skilling for more than 10,000 people and helped create 15,000 jobs in one city. Recent strategic acquisitions include Esor Consulting Group, Techtonic, DocuSign partner Stria and the Array School. Leadership says the business is profitable and intends to expand into Chicago and ultimately scale the model into 40 cities nationwide.

Total raised
$80M
Funding rounds
1
Latest round
Equity
Latest activity
Feb 2023

Industries

  • Artificial Intelligence (AI)
  • Cloud Data Services
  • Information Technology
Visit website

Recent funding

  1. Equity

    Feb 2023

    $80M

Team