Solidatus raises $19.5 million to expand its enterprise data lineage platform
Solidatus, a U.K.-based data management and modelling 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 of which are Solidatus clients.
Founded out of London in 2011, Solidatus serves to help businesses monetize their data by mapping and charting its journey from its origin, while noting transformations and visually presenting anything that is connected. This can be particularly pertinent for highly regulated industries such as banking, which may require businesses to provide detailed accounts of all their data — Solidatus helps ensure that all the data is “catalogued 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 said that 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.
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