KIRKLAND – Usama Fayyad is a former rocket scientist and ex-Microsoft turned technology entrepreneur who believes his 1-year-old business, digiMine Inc., is poised to soar as a provider of Internet “data mining” services.
Apparently he isn’t the only one who thinks digiMine could be onto something big.
In August, the Kirkland-based company raised $20 million from venture capitalists – a noteworthy feat considering the round occurred four months after the bursting of so-called dot-com “bubble”, when technology sticks across the board took a major nosedive.
The company, which already employs 90 workers, expects to add to its ranks in the coming months, thanks to the signing of 30 clients including Nordstrom.com, the catalog, and Internet division of Seattle-based upscale retailer Nordstrom Inc., as well as companies in Portland, Ore., and the San Francisco Bay Area.
DigiMine’s appeal is its ability to help companies more fully tap and access the abundance of information available on the internet – hence the term “data mining”.
DigiMine is one of several Eastside companies that the Journal business staff has selected as a 2001 Rising Star – promising start-ups expected to make major strides in the coming year.
Today’s business section has more about digiMine and nine other companies we have pegged as Rising Stars of 2001.
By: Clayton Park
Source: Eastside Business Journal