// startup autopsy
Siteware
A SaaS platform that ran out of road before finding its market.
marketfitSlow Death
Years-long decline before final shutdown · Fatal mistake: Failed to demonstrate sufficient product-market fit to attract follow-on investment after 2015, leaving the company without capital to grow.
| Founded | 2010 |
|---|---|
| Closed | 2017 |
| Sector | Saas |
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Key Events Timeline
FOUNDING
Siteware founded, entering the SaaS market with a business process management platform.
FUNDING
Siteware closes its final funding round of ~$935K, its last known capital injection.
PIVOT
Attempted product pivot to attract new customer segments as growth stalled post-funding.
SHUTDOWN
Siteware ceases operations after failing to secure additional funding or reach sustainable revenue.