A rendering of Infinite Blue’s new headquarters in Audubon.
As it adds employees, fast-growing software startup Infinite Blue is expanding to a new office six times larger than its current Collegeville headquarters.

Infinite Blue is taking 36,000 square feet of space formerly occupied by Optum Health at 2500 Monroe Blvd. in Audubon, CEO Frank Shultz said in an interview with the Business Journal. The startup will make the move in April. Infinite Blue’s lease runs through 2028 and it also has first right on the first floor of the building, Shultz added.

“My hope is we need the whole building,” Shultz said.

With a staff of 70 in the Philadelphia area, the company outgrew the Collegeville office, despite many employees working remotely, Shultz said. The company employs about 100 people in total across its offices in Collegeville, Dubai and Hyderabad, India, plus remote workers in the U.S. Infinite Blue plans to hire between 20 and 30 additional employees before the end of 2022.

The new office is being designed for a hybrid workforce, with both collaborative and private spaces for employees.

“It’s about providing a space that gives people the capabilities to come in and collaborate when they want to, work from home when they need to, have quiet space or fun space when they need to,” Shultz said. “And that is really exciting to build now because we get to build it for the way people work today. We’re not stuck in an environment that we had constructed pre-pandemic.”

The startup builds software that helps businesses continue operations in the wake of disruptions like cybersecurity threats or natural disasters.

Founded in 2013, Infinite Blue has had rapid growth in recent years. The company posted 228% revenue growth from 2016 to 2019, landing it on Deloitte’s 2020 Technology Fast 500 list, a ranking of the top 500 North American tech and life sciences companies based on three-year revenue growth. The company increased revenue about 40% in 2021, Shultz said.

On top of hiring and moving to a new office, Infinite Blue is gearing up to raise a Series B round this year or early 2023. The company raised a Series A in 2020 from Paris-based tech investor Foundry Capital. Shultz declined to share how much the startup raised in its Series A or how much it plans to raise next.

The Series B would be used to build out Infinite Blue’s sales and marketing, develop new products and expand into new markets, like Europe, Shultz said. Infinite Blue is also eyeing some acquisitions in 2022, he said.

The company’s growth comes at a time when cybersecurity and natural disasters are a growing threat for businesses. For example, in 2021, a cyber attack knocked out the Colonial Pipeline, the largest fuel pipeline in the U.S. Natural disasters are occurring three times more often than 50 years ago, according to a 2021 report from the United Nations, and a record number of data breaches were disclosed last year, Infosecurity Magazine reported.

“When you look at cyber [attacks], a lot of companies try to ensure it doesn’t happen. So they’ll come in and put firewalls or malware detection or virus detection or security procedures in, so they try and prevent it from happening. Our philosophy is a little different,” Shultz said. “​​We basically assume something’s going to happen to your business, and we’re going to decrease the amount of time to respond and understand how it impacts your business.”