Posit PBC (formerly RStudio)

Develops software for data analysis and visualization

Boston, Massachusetts, United States

About Posit PBC (formerly RStudio)

Posit develops software tools aimed at enhancing the work of data scientists and analysts who use programming languages like R and Python. Their products facilitate data analysis, visualization, and scientific communication, allowing users to formulate hypotheses and derive insights from data. Posit offers both free open-source software, which helps users get acquainted with their tools, and premium commercial products that provide advanced features and support. This dual approach allows them to cater to a wide range of users, from individual data scientists to large enterprises. Unlike many competitors, Posit emphasizes open-source principles while also providing commercial offerings, creating a diverse revenue stream through software licenses, subscriptions, and consulting services. The goal of Posit is to empower data scientists to effectively utilize data in decision-making processes across various industries.

Boston, MassachusettsHeadquarters
2009Year Founded
$170MTotal Funding
VENTURE_UNKNOWNCompany Stage
Data & Analytics, Enterprise SoftwareIndustries
201-500Employees

Benefits

Health Insurance
Mental Health Support
Parental Leave
401(k) Retirement Plan
401(k) Company Match
Profit Sharing
Paid Vacation
Phone/Internet Stipend

Risks

Competition from Jupyter and Anaconda in R and Python integration.
Rapid AI evolution may outpace Posit's current offerings.
Open-source nature may lead to revenue loss if users choose free versions.

Differentiation

Posit offers both open-source and commercial software for data scientists.
The company supports R, Python, and Observable JavaScript in its Quarto platform.
Posit Connect enhances collaboration in remote and hybrid work environments.

Upsides

Increased Python adoption boosts demand for Posit's Python-compatible tools.
Data storytelling rise highlights the importance of Posit's Quarto platform.
Remote work trends make Posit Connect's collaborative features more relevant.