Homegrown technology startup increases footprint by 13,000 square feet
RALEIGH, N.C. – November 29, 2016 – Wake County Economic Development (WCED) and the City of Raleigh Office of Economic Development announced today that K4Connect, a mission-centered technology company that creates solutions that serve and empower older adults and individuals living with disabilities, has expanded into a new 15,000 square foot space at 5511 Capital Center Drive in Raleigh. The expansion is an increase of 13,000 square feet from the Company’s former location.
A main driver for the relocation is that K4Connect is rapidly growing its team, now at 25 full time members, with open positions for several more team members, known internally as “advocates” for the clients they serve (http://www.k4connect.com/careers/). K4Connect also recently announced its $8 million Series A funding, led by Intel Capital.
K4Connect’s first product – K4Community – is specifically designed for the residents and operators of Senior Living communities, integrating the latest in smart technologies and applications into a single easy-to-use appication. K4Community enables senior living communities to provide smarter and healthier living environments, while also fostering family and community engagement for their residents.
“Raleigh posted a 38.5 percent increase in technology jobs between 2010-2015, second only to San Francisco and ahead of Austin, Boston, and other innovation hubs,” said WCED Executive Director Adrienne Cole. “K4Connect’s expansion in Raleigh supports the Research Triangle region’s rapid growth as a tech and innovation hub, as well as an emerging leader in the Internet of Things.”
K4Connect was co-founded by F. Scott Moody and Jonathan Gould. A graduate of N.C. State, Moody returned to North Carolina after his prior company, AuthenTec, was acquired by Apple in 2012 for $396 million. AuthenTec’s technologies are the foundation for Apple’s Touch ID.
“We were busting at the seams,” said Scott Moody, co-founder and CEO, K4Connect. “We owe at least part of our success to being headquartered in Raleigh as we are surrounded by some of the best universities in the U.S., no less the sheer density of innovation and startup activity in the region. The fact is, K4Connect may have never come to fruition had it not been for the City of Raleigh’s entrepreneurship and innovation manager, Derrick Minor, who originally introduced me to Jonathan Gould.”
“I’ve known Scott and his co-founder since before K4Connect was founded, so it’s especially exciting to see the growth they’ve experienced since the beginning. They have assembled a talented team of world-class individuals and we are looking forward to having them continue that growth in Raleigh,” said Minor.
K4Connect creates solutions that serve and empower older adults and individuals living with disabilities, enhancing lives through an integrated whole-life software that brings together the best in home automation products, health and wellness technologies, and communication and social functionality. The Company’s products enable simpler, smarter living environments and healthier lives, while fostering family and community engagement. For more information, please visit www.k4connect.com.
About Wake County Economic Development (WCED)
Wake County Economic Development (WCED), a program of the Greater Raleigh Chamber of Commerce, is the primary economic development organization for Wake County providing economic development support for its 12 municipalities. WCED hosts clients evaluating Wake County for possible facility locations each year and facilitates corporate expansions, resulting in new jobs and capital investment for Raleigh and Wake County. For more information about WCED, visit www.raleigh-wake.org.