Data lineage and metadata management company听Solidatus听has raised听拢14听million听Series A funding.听
The London firm aims to听transform how听organisations听view, understand and manage data.听听
AlbionVC听led the round, which also includes HSBC Ventures, and Citi, two of听Solidatus鈥� global enterprise clients.听听
The deal was led by Emil听Gigov听and Jay Wilson of听AlbionVC听with Jay Wilson joining the听Solidatus听board of听directors following the investment.听
Solidatus听empowers organisations to effectively map, manage and monetise their data.听It claims to offer听90% efficiency savings over traditional methods听for clients including top-tier global financial, pharmaceutical and consulting firms.听
Last year it more than doubled in size, quadrupled its revenue and maintained profitability.听听
It now intends to fast-track its planned global expansion, further extending into new territories including the US, Europe and Asia.听
鈥�Solidatus听was built to revolutionise the data economy. The completion of Series A is confirmation that we鈥檝e engineered the right solution to meet the complex needs of data-rich and regulated organisations, delivering a modern, agile and scalable solution,鈥� said co-founder听Philip Dutton.听听
鈥淲e are looking forward to working alongside our investors to accelerate the delivery of organisational transformation and control to new markets and clients with the same level of commitment to the highest standards of service that are key to the听Solidatus听offering.鈥�听
Kate Platonova,听chief听data and听architecture听officer听at听HSBC,听said: 鈥淎s a large global bank, we manage complex organisational metadata.听听
鈥�Through our partnership with听Solidatus听we have dramatically improved some of our workflows, reducing both the risk and speed to market for some of our major international programmes.听听
鈥�Their graph technology has been particularly instrumental in helping us to achieve this. As management of metadata becomes ever more critical to success, we believe听Solidatus听will play an increasingly strategic role for HSBC in the future.鈥�听