Solidatus, a London, UK-based data lineage and metadata management company, raised £14m ($19.2m+) in Series A funding.
The round was led by AlbionVC, with participation from 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 company intends to use the funds to accelerate growth globally, further extending into new territories including the US, Europe and Asia, as well as delivering data management capabilities to new industry verticals.
Led by Philip Dutton and Philip Miller, Solidatus provides organizations with a platform to map, manage and monetise their data. Clients, including top-tier global financial, pharmaceutical and consulting firms, are using the software to visualise and understand their data estate, taking advantage of the ability to track data through their enterprise to drive business intelligence, digital transformation and regulatory compliance.
Last year, the company became a new entrant to the Gartner Magic Quadrant in Metadata Management and expanded into several new sectors, including aerospace, manufacturing, telecommunications and government. It has four of the top 10 Globally Systemically Important Banks (GSIBs) in the European and US markets as clients.