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FOR IMMEDIATE RELEASE
June 4, 2019
June 4, 2019 – WEST PALM BEACH, FLA – The Business Development Board of Palm Beach County (BDB), in cooperation with the State of Florida, City of West Palm Beach, Palm Beach County Board of County Commissioners, and Related Companies, is pleased to announce the expansion of Levatas, LLC, a leader in artificial intelligence solutions and software, headquartered in Palm Beach County. Levatas is relocating its headquarters from Palm Beach Gardens to a 16,000-square-foot space in Rosemary Square injecting an anticipated $1.2M into the local economy and adding 50 new jobs to Palm Beach County. The BDB assisted the Levatas team in the search for office space and assisted with a $350,000 Qualified Target Industry (QTI) Tax Refund from the State of Florida, based on the company’s commitment to create new jobs paying an average of $105,490.
Levatas will open its new headquarters in Rosemary Square in early 2020 with the goal to provide the most desirable work environment in the state. Levatas plans to design a unique workspace based on what motivates employees, complementing the company’s celebrated company culture, which Entrepreneur Magazine named as one of the “Top 150 Company Cultures in America.”
Started in founder Chris Nielsen's garage over a decade ago, the company is widely recognized as South Florida’s leader in artificial-intelligence solutions. Levatas has grown to employ more than 100 strategists, engineers, data architects, data scientists, experience designers, and software developers that create custom AI solutions for world-class brands such as NextEra Energy, FPL, Johnson Controls, OrangeTheory, Royal Caribbean, PGA of America, Babcock Ranch, HSBC, Dell and IBM. Later this year, Levatas plans to launch a product that is dedicated to automating decision making around computer vision technology.
"Our company builds technology that helps business harness the power of Artificial Intelligence. This type of work requires a highly skilled group of engineers, data scientists, designers and project managers, so being accessible to the broadest possible pool of talent is critical,” said Chris Nielsen, Founder and Chairman of Levatas. “The new Rosemary Square office's proximity to Brightline opens up a lot of possibility we didn't have before, both for employees and clients. It's also nice to be in a creative, urban hub, close to where many of our employees live and play."
“Related Companies is proud to partner with the BDB to ensure the future of the Palm Beach County business community is bright,” said Gopal Rajegowda, Senior Vice President of Related Companies. “We are committed to the economic success of Downtown West Palm Beach led by exceptional spaces designed for exceptional, forward thinking business such as Levatas. We look forward to welcoming the company to the neighborhood, where its employees will have unparalleled access to a suite of culinary, wellness, cultural, retail and transportation amenities complementing the work, play balance the company champions for its employees.”
“Levatas has a unique platform with creative technology products including customer-facing mobile apps, enterprise software, and cross-platform solutions,” said Kelly Smallridge, President and CEO of the Business Development Board. “With over a decade of bringing products to market and a young workforce consisting of mostly millennials, the company will help keep Palm Beach County at the forefront of technology and the future of Artificial Intelligence.”
“I am delighted Levatas has chosen to do their expansion in Palm Beach County and wish to congratulate them on their new office at Rosemary Square in West Palm Beach,” said Mayor Mack Bernard, Mayor of Palm Beach County.
“The City of West Palm Beach is proud to have Levatas in our community. Levatas is another example of high caliber firms calling West Palm Beach home. As places around the globe compete for talent, the City offers the workforce needed, matched with a quality of place to roll up your sleeves,” said Mayor Keith James, Mayor of West Palm Beach.
About Levatas: Levatas is an AI solutions company that helps its clients understand, design and deploy artificial intelligence solutions across their enterprises. Based in Palm Beach County, Florida, with a team of 90+ AI professionals, Levatas goes to work every day to help some of the world's best known brands leverage emerging technologies. Learn more at levatas.com.
About Related Companies: Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of over 3,800 professionals. With over $50 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood development on Manhattan’s West Side, Rosemary Square, the reimagination of downtown West Palm Beach, and The Grand and Related’s Santa Clara development in California. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. Related also owns Equinox® Fitness Clubs and SoulCycle further expanding the company's capabilities into the health and fitness arena and enhancing the value of its properties through an exclusive, branded amenity and lifestyle offering. For more information about Related, please visit www.related.com.
About BDB: The Business Development Board of Palm Beach County is the official public/private economic development organization for Palm Beach County and Enterprise Florida. Founded in 1982 as a not-for-profit corporation, our primary purpose is to attract and retain new industry, business investment, high quality jobs and workforce development through corporate relocations, expansions and international trade. During the past five years, the BDB has assisted companies that have created more than 12,822 direct jobs with average salaries greater than $69,062, resulting in more than $777 million in capital investment to Palm Beach County and an economic impact that exceeds $6.87 billion. Additional information can be found at the BDB’s web site, BDB.org.
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