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College Park Bolstered by Arrival of Enterprise Data Startup Immuta

October 29, 2015
Contacts: 

Crystal Brown 301-405-4618

As tech hub grows, new partner aims to leverage University of Maryland research and talent

COLLEGE PARK, Md. – Immuta, a growing data management company that is accelerating the adoption of data science within corporations, will open its new headquarters in College Park. Immuta's move to the area is another step forward in the University of Maryland’s Greater College Park initiative to enhance the academic campus and the surrounding communities.

Since last spring, the Immuta team has been working out of the university's Startup Shell – a student-run co-working space and incubator at UMD fostering entrepreneurship through collaboration. Immuta leaders have been working closely with UMD student entrepreneurs, providing free mentoring to help students raise venture capital and grow their businesses in revenue and scope. 

"Growing startups like Immuta are exactly the types of companies we want in our community – ones that spur innovation and jobs in the region, while taking an interest in the growth and development of our students," said Carlo Colella, UMD's vice president for administration and finance. "We look forward to our future collaborations with Immuta and welcome them to Greater College Park."

"We were instantly attracted to the idea of moving to College Park because of its connection with the University of Maryland, which gives us access to a pipeline of entrepreneurial students to mentor and grow into potential employees down the road," said Matthew Carroll, Immuta Co-Founder & CEO. "We're excited to be part of the growing ecosystem of innovation and collaboration being built in College Park."

As a part of the College Park and University of Maryland innovation community, Immuta plans to keep a close relationship with the university – offering internships for students interested in business and engineering, free mentoring and office hours for students to gain practical learning experience, and leveraging relevant research happening at the university. 

"We're thrilled that Immuta was attracted to the culture of innovation that the University of Maryland and its partners are creating here in College Park," said Ken Ulman, the university’s chief strategy officer for economic development. "Our Greater College Park successes and partnerships with companies like Immuta and FlexEl Inc. are putting UMD on the map as a vibrant hub for growing startups."

Immuta will lease space from the university at 8400 Baltimore Avenue in College Park.