FRISCO, Texas, Dec. 14, 2017 /PRNewswire/ -- Gateway Architects, a Frisco, Texas-based tech company revolutionizing the way businesses access, utilize and optimize their SAP data, has completed the initial stage of its capital funding campaign with several high net worth, Dallas-based investors.
Gateway's flagship product, Meister, is a first-of-its-kind, open platform that unlocks all SAP data, enabling transparency, accuracy, velocity and agility on a real-time basis at a fraction of the cost. Meister works via any device, anywhere, in real time – without sacrificing security.
SAP has more than 365,000 customers worldwide across 180 countries, of which roughly 40 percent reside in the U.S. According to William Mays, chairman and co-founder, "While the vast size of the market is appealing, it is unusual that it comes with such documented customer pain that is not being addressed. This customer pain has created a tremendous opportunity for Gateway and our investors."
The initial capital in the amount of $600,000, was raised from high net worth, successful Dallas-based business owners. An additional amount of $400,000 has been allocated for strategic investors.
Mays said, "We're excited to acquire DFW-based funding for a North Texas company that's going to have international implications. All of these investors are seasoned and savvy Dallasites who have a solid tradition of past corporate success and see a bright future for a product like Meister."
The funds garnered in the capital raise have been earmarked for infrastructure, marketing and go-to-market funding for Meister, which looks to gain a dominant domestic customer base before it sets its sights overseas.
About Gateway Architects
Gateway Architects are world-class experts in developing algorithms and compilers at SAP. Using research, Machine Learning and AI models and advanced compiler methodologies, they create disruptive solutions which enable for any device and platform to seamlessly transact with SAP NetWeaver. Their flagship product, Meister, unlocks the power and potential of SAP, providing all clients the ability to turn data into real-time intelligence. They are headquartered in Frisco, Texas. You can visit them at www.gameister.com.
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SOURCE Gateway Architects