HData Raises $10M in Series A Funding


HData, a Birmingham, AL-based company using AI and automation to help the U.S. energy industry to file, explore, analyze, and leverage regulatory data, raised $10M in Series A funding.

The round was led by Buoyant Ventures, with participation from Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures, among others.

The company intends to use the funds to accelerate the expansion of its platform with enhanced capabilities for energy industry professionals.

Led by CEO Hudson Hollister, HData is a technology company that enables anyone in the energy industry to file, explore, analyze, and capitalize on authoritative regulatory data. Using AI and analytics, its platform transforms millions of pages of filings and dockets – previously tedious, manual, and error-prone to manage – into rich intelligence, empowering analysts, and executives to make crucial decisions with confidence. Its Regulatory AI allows users to query fully secured data libraries (including their own private documents) to get answers to their business-critical questions.

Currently used by more than 30 regulated energy companies and supporting organizations like consultants, intervenors, and regulators, HData’s platform automates the entire regulatory data lifecycle from collection to actionable insights.

Commenting on the news, Hudson Hollister said: “With our Series A funding from Buoyant Ventures and other key investors, we are set to broaden our platform’s impact, unlocking insights from industry data to make better decisions today and positioning our customers to navigate the changing industry tomorrow.”