Issue link: https://nebusinessmedia.uberflip.com/i/1036016
n e w h a v e n b i z . c o m O c t o b e r 2 0 1 8 | n e w h a v e n B I Z 25 Foundation, a non-profit resource for startups, and the HyperLedger project. e startup raised $1 million in venture cap- ital about four months ago, and "Revenues are looking pretty good now, too," Pitruzzello says. "e basis of the business is that we wanted to move data peer-to-peer without a third-par- ty interfering," he says. "We made a simple application to move data in between, and then I came to realize that you can basically recreate the way networks work if you don't have inter- mediaries in them, and you use the data on in- dividual devices to be essentially the medium in which data is either stored or catalogued." Pitruzzello and his partners ended up creat- ing an expanded network filled with devices so that Solutech's clients are able to store data on a distributed ledger that categorizes, tracks and records all data that moves, rather than having to store data on a third-party system. "For people who have heard of blockchain technology, that's pretty much what we do. We're not crypto, we're more distributed ledger tech," Pitruzzello explains. "We build dis- tributed systems and blockchain systems for businesses." e company's co-founders attended the TechCrunch Disrupt trade show in San Fran- cisco in September and, Pitruzzello is proud to report, "Everyone loved our stuff!" "Our business is scaling very quick," he says. "We're looking at raising a $5 million to $10 million Series A [financing round] within the next six to eight months. We have really great angel investors with our company and they've been helping us grow efficiently." Dave Salinas, CEO of District Ventures, Holberton School co-founder and CEO Julien Gateway's Cucciniello, with his food cart outside Yale-New Haven Hospital: 'You can focus on quality, you can focus on people, but when people enjoy their food, they'll come back,' he says. 'I wasn't a business owner and a student on the side, or a student with a business on the side. It was a hand-in-hand operation.' - Cameron Burbank, 2018 Quinnipiac graduate and entrepreneur Continued on next page