Bitwise Industries provides scalable digital solutions, including Salesforce managed services, DocuSign implementations, and custom SaaS offerings, staffed by a representative workforce. The company focuses on building tech economies in underestimated cities and uses its services to create local employment and skills pathways. Bitwise plans to use new funding to expand in current and new locations and to further develop its managed services and SaaS products. It has partnered with the Comer Science & Education Foundation to support expansion to Chicago’s South Side and to strengthen local workforce connections. The company is led by CEO Jake Soberal and is based in Fresno, CA. Financially, Bitwise recently completed a substantial funding round to support its growth initiatives. Bitwise Industries operates paid tech apprenticeship programs and builds buildings to house tech work in underserved cities, leveraging public-private partnerships. The company runs the Digital New Deal (DND) initiative, which has trained over 5,000 individuals. Bitwise connects apprentices to tech opportunities and has expanded its model to serve five cities: Fresno, Bakersfield, Merced, Oakland, and Toledo. Leadership is led by Irma Olguin Jr. and Jake Soberal. The company intends to use the new funding to grow into multiple new markets across the country, beginning with Toledo, Ohio. Financially, Bitwise completed a $50M Series B to support that expansion. Bitwise Industries creates a tech ecosystem focused on activating human potential to elevate underdog cities. It operates three lines of business: Geekwise Academy, which trains people to code with a focus on marginalized groups; commercial real estate that provides workspace for technologists and mission-aligned employers that hire from Geekwise; and Shift3 Technologies, a custom software development shop that pairs senior talent with entry-level programmers from Geekwise Academy. The company uses its integrated model to train talent and supply clients with software services while anchoring local tech hubs. Bitwise intends to use new funding to continue growth in Fresno and to expand to other cities, beginning with Bakersfield, Calif. The company was founded in 2013 by Irma L. Olguin, Jr. and Jake A. Soberal.

Total raised

$157M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2023