Ray Stata
Raymond Stuart Stata (born 1934) is an American entrepreneur, engineer and investor.
Raymond Stuart Stata was born on November 12, 1934 in the small farming community of Oxford, Pennsylvania to Rhoda Pearl Buchanan and Raymond Stanford Stata, a self-employed electrical contractor. In high school, Ray worked as an apprentice for his father. Ray’s mother was a factory worker. Ray’s sister, Joan Stata, was five years older and worked as a nurse in Wilmington, Delaware.[1] In the first grade, Stata attended a one-room school with one teacher serving eight grades. Then, his parents moved to the outskirts of Baltimore to work at an aircraft factory during WWII. [1] Ray attended Oxford High School in Oxford, Pennsylvania.
Stata married Maria in June, 1962. The two reside in the Boston area, where they raised their son Raymie and daughter Nicole.[1] Raymie graduated from MIT and founded Stata Labs which was acquired by Yahoo! in 2004.[2] In 2010, Yahoo! named Raymie CTO. Later on, Raymie founded Altiscale. Nicole is also a serial entrepreneur having started Deploy Solutions which she sold to Kronos before funding Boston Seed Capital, a seed venture capitalist that invests in early stage startups
Stata earned BSEE and MSEE degrees from Massachusetts Institute of Technology (MIT). In 1965, Ray founded Analog Devices, Inc. (ADI) with MIT classmate Matthew Lorber in Cambridge, Massachusetts. Before founding Analog Devices, Stata and Lorber, together with Bill Linko, another MIT graduate, founded Solid State Instruments, a company which was acquired by Kollmorgen Corporation's Inland Controls Division.[1] Besides ADI and Solid State Instruments, Stata is founder of Stata Venture Partners,[2] a venture capital firm in the Boston area that funded many Boston area startups like Nexabit Networks. In June 1999, Nexabit Networks was acquired by Lucent for $960M at the high water mark of the dot-com bubble.[3]
Stata is a member of the American Academy of Arts and Sciences and the National Academy of Engineering, and was the recipient of the 2003 IEEE Founder's Medal.[3]
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