Ray Stata | |
|---|---|
| Born | Raymond Stuart Stata (1934-11-12)November 12, 1934 (age 90) Oxford, Pennsylvania, U.S. |
| Alma mater | Massachusetts Institute of Technology |
| Known for | Analog Devices, Inc. |
| Children | |
| Website | www |
Raymond Stuart Stata (born 1934) is an American entrepreneur, engineer, and investor.
Stata was born on November 12, 1934, in the small farming community ofOxford, 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 inWilmington, Delaware. In the first grade, Stata attended a one-room school with one teacher serving eight grades. His parents moved to the outskirts ofBaltimore to work at an aircraft factory during WWII. Ray attended Oxford High School in Oxford, Pennsylvania. After high school, Stata earnedBachelor of Science andMaster's degrees fromMassachusetts Institute of Technology (MIT).[1]
Stata married Maria in June, 1962. The two reside in theBoston area, where they raised their sonRaymie (born 1968) and daughterNicole. Raymie graduated from MIT and founded Stata Labs which was acquired byYahoo! in 2004,[2] and in 2010, was named Yahoo!'s CTO.[3] Nicole graduated from the Grossman School of Business at the University of Vermont and is also an entrepreneur, having started Deploy Solutions, which she sold toKronos in 2007.[4] She later founded Boston Seed Capital, a seed venture capitalist firm.[5]
In 1965, Ray foundedAnalog Devices, Inc. with MIT classmateMatthew Lorber inCambridge, Massachusetts.[6][7] 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.[7] In addition to Analog and Solid State Instruments, Stata is founder of Stata Venture Partners.[8] They were early investors in Nexabit Networks, which in June 1999, was acquired byLucent for $900M.[9][10]
Stata is a member of theAmerican Academy of Arts and Sciences and theNational Academy of Engineering,[11] and was the recipient of the 2003IEEE Founders Medal.[12]
Stata co-founded and was the first President of the Massachusetts High Technology Council (MHTC) in 1977.[13] With MHTC, Stata has advocated for engineering education and university research funding as a shared responsibility of government and industry. Stata led MHTC to push for state government policies to make Massachusetts the best state in which to live and work.[14]
Stata also worked on the federal level, on the executive committee of the Council on Competitiveness from 1987 to 2005.[15] Stata was on theMalcolm Baldrige National Quality Award Board of Overseers,[16] stemming from his professional commitment tototal quality management.[17]
He served on the board of theSemiconductor Industry Association from January 1, 1996, to November 7, 2013, and as the group's chairman in 2011.[18] The group awarded Stata with the Robert N. Noyce Award, the industry's highest honor, in November, 2001.[19]
Stata was engaged in the stewardship of MIT, his alma mater, in several roles. He was the Chairman of the Visiting Committee of the Department of Electrical Engineering and Computer Science until 2010.[20] In 1984, he was elected to MIT's Corporation and was a member of its executive committee.[21] From 1987 to 1988 he was President of the MIT Alumni Association.[22]
In 1997, Stata contributed $25M[1] to the construction of a new academic complex on the MIT campus called theRay and Maria Stata Center.[23] The building was designed byFrank Gehry.[24]
Ray and Maria are life trustees of theBoston Symphony Orchestra.[25] In 1999, Ray and Maria Stata endowed the music director chair position.[26]
Ray Stata is a member of theBoard of Directors for Nano-C, a leading producer of patented nanostructured carbon, including fullerenes and single-walled nanotubes. “Fundamental technology innovation can only come from the development of advanced materials. Nano-C is at the forefront of enabling groundbreaking change to semiconductors, mobile devices and renewable energy,” Stata said.[27] Stata first invested in Nano-C in 2018 and has made subsequent investments since including June 2020.
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