Solidatus’ Series A funding transforms organisations data management

KUALA LUMPUR, Feb 16 -- Solidatus, the award-winning data lineage and metadata management company has raised £14 million (over US$19.2 million) in Series A funding to transform how organisations view, understand and manage data. (US$1 = RM4.030)

AlbionVC led the round, which also includes HSBC Ventures, and Citi, two of Solidatus’ global enterprise clients.

The deal was led by Emil Gigov and Jay Wilson of AlbionVC with Jay Wilson joining the Solidatus’ Board of Directors following the investment.

The Series A investment sees growth partner, AlbionVC, and strategic partner, HSBC, join Citi to support Solidatus’ vision to revolutionise data engineering.

According to a statement, the aim is to fast-track its planned global expansion, further extending into new territories including the United States, Europe and Asia, aswell as delivering best-in-class data management capabilities to new industry verticals.

Global businesses are dealing with complex data points and the lineage-first approach championed by Solidatus offers up to 90 per cent efficiency savings over traditional methods.

Clients, including top-tier global financial, pharmaceutical and consulting firms, are using the software to visualise and understand data estate, taking advantage of the ability to track data through enterprise to drive business intelligence, digital transformation and regulatory compliance.

Solidatus co-founder, Philip Dutton said: “The completion of Series A is confirmation that we’ve engineered the right solution to meet the complex needs of data-rich and regulated organisations, delivering a modern, agile and scalable solution.”

-- BERNAMA