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July 13, 2021

Maine tech startup completes $2M financing round, looks to hire

RockStep Solutions, a Portland software developer for the life sciences industry, has closed on a $2 million round of equity financing and expects to double its 13 staff by April.

The company announced the funding in a news release Monday, but did not disclose details about the investment. Hiring and refining the company’s product are immediate priorities, RockStep said.

“Our current team has a great skill set and company culture to build on. Now we need to continue to hire smart, so we can quickly move from startup to scale-up,” said CEO Chuck Donnelly.

Courtesy / RockStep Solutions
Chuck Donnelly, CEO and co-founder of RockStep Solutions

Donnelly and Julie Morrison founded the company in 2015 with the goal of using informatics to speed the delivery of drugs and vaccines to market. The company says its platform helps manage data and operations in drug discovery and clinical research for pharmaceutical and biotech companies, academic institutes, contract research organizations and others.

RockStep has received funding awards from the National Institutes of Health and the Maine Technology Institute.

Prior to launching the company, Donnelly was the director of computational sciences at the Jackson Laboratory in Bar Harbor. Morrison developed assays for detecting microorganisms at IDEXX Laboratories in Westbrook and at NASA’s Jet Propulsion Laboratory.

RockStep said it is currently moving into larger office space at 48 Free St. in Portland.

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