Solidatus raises $19.5 million to expand its enterprise data lineage platform


Solidatus, a U.K.-based data management and modeling platform for enterprises, has raised £14 million ($19.5 million) in a series A round of funding led by AlbionVC, with participation from HSBC Ventures and Citi — both Solidatus clients.

Founded out of London in 2011, Solidatus helps businesses monetize their data by charting the data journey from its origin while noting any transformations and presenting anything relevant in a visual format. This can be particularly pertinent for highly regulated industries, such as banking, where businesses may need to provide detailed accounts of all their data. Solidatus helps ensure that all that data is “cataloged and owned,” as it puts it.

The company claims major global clients from across the financial, pharmaceutical, and retail spheres.

Above: Solidatus: Mapping data

Solidatus hadn’t raised any known external funding before now, and with $19.5 million in the bank, it’s planning to “fast-track” its global expansion plans, with a particular focus on the U.S., Europe, and Asia. The company said that it also plans to expand into new industries.

VentureBeat

VentureBeat’s mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact.

Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:

  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform
  • networking features, and more

Become a member



Source link

Billionaires See VR as a Way to Avoid Radical Social Change Previous post Billionaires See VR as a Way to Avoid Radical Social Change
Here’s a first look at Microsoft’s xCloud for the web Next post Here’s a first look at Microsoft’s xCloud for the web