Growth Funds for Metadata Management Company Solidatus

In London, metadata management company Solidatus has raised £14m ($19.2m+) in a Series A round of funding, which it will use to accelerate expansion into new territories including the US, Europe and Asia; and to new industry verticals.

Founded a decade ago by Philip Miller and Philip Dutton, Solidatus' solution enables users to view, understand and manage their data, people and processes through the creation of an organisation-wide digital map that details all the relationships that interact and impact their data. Clients, including global financial, pharmaceutical and consulting firms, use the firm's software to visualise and understand their data, and track it across their enterprise in order to drive business intelligence, digital transformation and regulatory compliance.

New funding has been led by AlbionVC, with participation from HSBC Ventures and Citi, which are also Solidatus clients. Commenting on the news, Miller said: 'To have two of the largest global banks as clients and investors in our first funding round speaks volumes about their belief in Solidatus' ability to deliver value in financial services and beyond at an enterprise level. We look forward to working with all our investors to help us take Solidatus to the next growth stage and market-disrupting innovation'.

Web site: www.solidatus.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.