Updata Partners
2100 L Street NW Suite 500, Washington, DC, 20037, United States
Overview
Updata Partners provides growth equity and growth experience to the next generation of technology market leaders. Led by an investment team averaging more than 25 years of experience in the technology industries, Updata works with growth stage companies where the combination of our financial backing and our partners’ operating expertise will dramatically accelerate success. As former executives and entrepreneurs, Updata’s General Partners collaborate with management teams to build companies that stand out in their markets. With more than $1 billion of committed capital since inception, Updata has provided growth equity funding to over 40 leading technology companies.
- Total investments
- 58
- Lead investments
- 44
- Investments · 12mo
- 3
- Active investors
- 9
Sector focus
- Finance
- Financial Services
- Software
- Venture Capital
Investment portfolio
- TJM Labs
Participated · Series B · Jul 2026
TJM Labs provides a pharmacy AI platform that replaces manual processes with advanced algorithms to increase efficiency and accuracy in medication dispensing and management. The platform is currently automating over 500,000 pharmacy tasks daily across more than 450 pharmacies, indicating meaningful customer adoption and scale. The company has made two acquisitions to enhance its technology and service offerings. With the new $75 million Series B, TJM Labs plans to expand operations and accelerate development efforts. TJM Labs is headquartered in Wilmington, DE and is positioning itself to challenge traditional, manual pharmacy workflows.
- TitanX
Led · Series A · Jan 2026
TitanX provides a proprietary Phone Intent platform that scores prospects and tells sales teams who is most likely to pick up before they place a call. By lifting connect rates to more than 25%—roughly six times the industry average—the software turns high-volume voicemail efforts into real conversations that drive pipeline. The company has grown to more than 300 customers and posted over 250% year-over-year revenue growth since its 2024 founding. TitanX’s defensible scoring model and seamless fit into existing tech stacks have established it as the category leader in Phone Intent. Looking ahead, management plans to use new capital to expand the scoring platform, deepen integrations across outbound workflows, launch additional phone-led revenue products, and pursue strategic M&A. The team touts execution discipline uncommon for its stage, positioning TitanX as an intelligence layer for modern outbound sales organizations.
- MD Integrations
Led · Equity · Oct 2025
Founded in 2020 by quadruple board-certified physician Dr. Marc Serota, MD Integrations (MDI) has built an end-to-end, API-first telehealth platform that connects brands, physicians, pharmacies, diagnostics, and payments in a single system. Its nationwide, board-certified doctor network has already delivered millions of patient consults for hundreds of digital health brands spanning weight management, dermatology, women’s health, urgent care, and other high-demand specialties. Key features include built-in state-by-state compliance guardrails, turnkey or fully customizable workflows, and native integrations with Shopify and WooCommerce to speed partner launches from weeks to days. The company reports triple-digit year-over-year growth, underscoring strong market demand for physician-led virtual care infrastructure. With its growth-optimized data engine, MDI allows partners to easily expand into new specialties without rebuilding clinical operations. The firm plans to use new capital to deepen its physician network, expand pharmacy and diagnostics integrations, and accelerate product innovation. While specific revenue figures were not disclosed, the scale of consults and rapid growth trajectory indicate meaningful operating momentum.
- Portnox
Led · Series B · Apr 2025
Portnox offers a 100% cloud-native Unified Access Control platform (Portnox Cloud) that combines passwordless authentication, authorization, endpoint risk mitigation, and compliance enforcement across networks, applications, and infrastructure. The product is purpose-built for distributed organizations with complex IT environments and removes the need for any on‑premises footprint common to traditional security systems. Portnox positions its platform to help resource-constrained security teams deploy, scale, enforce and maintain zero trust policies with ease. The company plans to use new capital to accelerate product innovation and expand market reach. Financially, Portnox has raised a $37.5 million Series B and $22 million Series A previously, bringing total investment to $59.5 million. Operational metrics cited include nearly 1,000 global customers, a 95% customer retention rate, and a 4.6-star rating on Gartner Peer Insights. Portnox offers a cloud-native NAC platform and endpoint risk posture assessment that enforces network access control and automated remediation policies across distributed sites. Its SaaS product, Portnox CLEAR, is SOC 2 Type 2 certified and provides out-of-the-box integrations with common network hardware and security tools (e.g., Active Directory, MFA, MDM, SIEM). The solution eliminates on-premises maintenance overhead such as patches and upgrades, making it easier for resource-constrained IT teams to deploy and scale. Portnox says its products have helped nearly 1,000 organizations globally and have received industry recognition including an RSA 2021 Global InfoSec Award. The company plans to expand its team and accelerate global market penetration with a focus on mid-market customers, building out operations, sales, marketing and customer success. Leadership changes include CEO Denny LeCompte and co-founder Ofer Amitai transitioning to CTO and joining the board to lead Israel-based engineering and international product teams.
- Piano
Led · Series D · Feb 2025
Piano offers an end-to-end digital experience platform that combines data architectures, AI, and commerce features to help brands and publishers identify, understand, and serve customers at scale with privacy compliance. Its platform is designed to operate at massive scale and deliver audience experiences faster than competing solutions. The company serves global, national, and local brands across six continents and maintains more than 15 offices, with U.S. headquarters in Philadelphia. Piano was founded in 2010 and has been recognized by Red Herring, the World Economic Forum, and Deloitte for its growth and innovation. The company intends to use new capital to enhance platform capabilities, expand market presence, and support strategic growth initiatives. The articles do not disclose revenue or user metrics. Piano builds analytics, subscription and personalization tools for publishers, combining paywall and subscription management with content analytics and audience-engagement features. The company works with around 1,000 customers, including CNBC, Wall Street Journal, The Economist and TechCrunch. Revenues have grown 400% since 2019 and Piano is operating at roughly a $75M annual run rate. It acquired French analytics firm AT Internet in March to better integrate cross-silo traffic, advertising, subscription and engagement data. Piano plans to expand into newsletter products and other audience-connection areas, and may pursue further M&A to consolidate fragmented capabilities. The company will use new funding to continue building its technology and to explore integrations with strategic partners. Piano provides a monetization and audience intelligence technology platform that includes a subscription commerce engine, a customer experience toolkit, and a user management system. The company serves more than a thousand premium media brands, including Business Insider, The Economist, Bloomberg, Men’s Health, AdAge, Digiday and The Chive. Led by CEO Trevor Kaufman and based in New York City, Piano employs about 180 staff across seven offices from New York and London to Rio De Janeiro. The company raised $22M in a Series B to fund continued product and service enhancements and to grow across functions, particularly R&D and client services. Piano plans to expand into new markets and sectors and is considering several acquisitions. Tinypass provides an e-commerce platform that lets content creators and publishers monetize digital content with paywalls, downloads and a variety of pricing, access and subscription options. The platform integrates with publishers' existing site infrastructure and content management systems, is free to set up, and scales from individual bloggers to multi-national publications. Tinypass reports high conversion rates across its publisher base and says it has been growing at roughly 40% month-to-month since the beginning of the year. Its client roster includes major media companies, local newspapers, online education providers, health and wellness sites, business information providers and research organizations. The company closed a $3 million financing round led by Cascabel Management and Plough Penny Partners, after previously raising $1.25 million in seed financing in 2012. Tinypass has also added senior hires — a COO, CTO and an EVP of sales & business development — which it frames as the next step in its mission to simplify digital content monetization.