Significant capital events, like Deepfield’s acquisition by Nokia, are fueling the growth of Michigan’s entrepreneurial community. The Capital Event of the Year nominees are innovative companies that are revolutionizing industries.
Deepfield is an information technology startup that had one of the most impactful exits in the Southeast Michigan community in the past decade. The company was co-founded in 2011 by Craig Labovitz, formerly the chief scientist at Arbor Networks, and secured early investment from Resonant Venture Partners, Mercury Fund, and RPM Ventures. Nokia acquired the company in 2017, enabling Deepfield to expand its reach globally and hire more talent. In only five years, the company has grown exponentially and now employs 65 employees with plans to bring on additional team members. Deepfield’s success showcases the innovative technology, leadership, and talent emerging from the region that is having a worldwide impact.