HData, an AI and automation startup based in Birmingham, helped the US energy sector file, investigate, evaluate, and use regulatory data by raising $10 million in Series A funding.
Buoyant Ventures led the round, and other participants included Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures.
The money will be used by the startup to quickly expand its platform and add new features for experts in the energy sector.
HData is a tech startup that helps anyone in the energy sector to file, search, evaluate, and profit from reliable regulatory data. Its CEO, Hudson Hollister, leads the company. Through the use of artificial intelligence (AI) and analytics, our platform turns millions of pages of filings and dockets—which were previously laborious, error-prone, and manual to manage—into rich intelligence, enabling analysts and executives to confidently make important choices.
With the help of its Regulatory AI, users can query completely secured data libraries, including those containing their own confidential papers, to get the answers to important business queries.
“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.”
Hudson Hollister
With HData’s platform, which automates the whole regulatory data lifecycle from collection to actionable insights, over thirty regulated energy firms and supporting organizations, including consultants, intervenors, and regulators, are currently using it.