– UK, London – Solidatus, the award-winning data lineage, and metadata management company, today announced it has raised £14m in Series A funding led by AlbionVC alongside HSBC Ventures, and Citi, two of Solidatus’ global enterprise clients.
Concurrent with the financing, Jay Wilson of AlbionVC will be joining the Board of Directors.
“The increasing complexity of an organisation’s data estates and the growing recognition of data as an asset combined with increasing regulatory demands is bringing data management into the limelight. Solidatus has built the best-in-class product to bear down on the industry’s pain points and we are delighted to lead the company’s first institutional capital raise to support the co-founders and the company in reshaping data lineage and the wider data management category.” commented Jay Wilson, investor at AlbionVC and Solidatus board member.
Solidatus empowers organizations to effectively map, manage and monetize their key asset – data. The Series A investment sees growth partner, AlbionVC, and strategic partner, HSBC, join Citi to support Solidatus’ vision to revolutionize data engineering. The aim is to fast-track its planned global expansion, further extending into new territories including the US, Europe, and Asia, as well as delivering best-in-class data management capabilities to new industry verticals.
Kate Platonova, Chief Data and Architecture Officer, HSBC said: “As a large global bank, we manage complex organizational metadata. Through our partnership with Solidatus, we have dramatically improved some of our workflows, reducing both the risk and speed to market for some of our major international programs. Their graph technology has been particularly instrumental in helping us to achieve this. As the management of metadata becomes ever more critical to success, we believe Solidatus will play an increasingly strategic role for HSBC in the future.”
Philip Dutton, co-founder of Solidatus said: “Solidatus was built to revolutionize the data economy. The completion of Series A is confirmation that we’ve engineered the right solution to meet the complex needs of data-rich and regulated organizations, delivering a modern, agile and scalable solution. We are looking forward to working alongside our investors to accelerate the delivery of organizational 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 Solidatus offering.”
Alastair Lukies, CBE, Member of the Prime Minister’s Business Council and Chair of the Fintech Alliance, comments: “The UK’s tech sector is a great global success story, for FinTech and RegTech in particular. This US Roadshow will further reinforce the UK’s world-leading innovation in this space. I’ve known Solidatus as a business for some time and achieving this milestone in their growth, especially from such renowned investors and at such a significant level, is a testament to both the business’ proposition, innovation, and service to their customers. It signals a fantastic start to 2021 for British tech businesses and underlines how the country’s tech sector is making waves on a truly global scale.”
For more information: https://www.solidatus.com/
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