Solidatus secures seed investment from Citi to drive international expansion
Citi has backed metadata management software provider Solidatus in its first major institutional round.
Solidatus provides data lineage software that helps regulated enterprises map data flows, ensure compliance, and manage information governance.
Metadata management software provider Solidatus has secured seed funding from global bank Citi. The capital will be deployed to accelerate product development and support the company's international expansion into the United States and the Asia-Pacific region.
Citi is the first major institutional investor to back Solidatus, while also deploying the platform across its global enterprise infrastructure. The financing supports the firm as it scales its presence beyond financial services into new sectors.
From the founder
"Securing investment from an organisation with the stature of Citi is a tremendous statement of intent for the business, especially at such a key point in our evolution. They are the first of our Tier 1 banking clients to see the potential for a closer strategic partnership. We are pleased to have them play a key role during this pivotal growth stage and look forward to continuing to be a vital component of their digital transformation journey and beyond."
Philip Dutton
Co-founder at Solidatus
Investor perspective
"Our partnership with Solidatus will bring state-of-the-art technology to enhance our data ecosystem. It’s critical we understand our organisational data flow to enable us to deliver efficiently to our clients."
Stuart Riley
Head of Citi's Institutional Clients Group Operations & Technology, Citi
Use of funds
- 01Continue product development
- 02Expand into international markets
