Stratio BD announces its Series C funding round of EUR65m. The round is led by Infravia Growth. Adara (A and B-Series investor) and the founders will also participate in the operation.
Founded in 2013 and headquartered in Madrid, Stratio BD has successfully positioned itself as a suite vendor for addressing the data management needs of large corporates, most notably in the banking sector.
The company’s full-fledged platform helps its customers access and aggregate data with virtualization and automated ingestion from a variety of heterogenous sources and enables non-technical users for various data quality, compliance and machine learning tasks across very large datasets, in complex hybrid and multi-cloud environments. Such combination of features and capabilities has recently emerged as “data fabric” and Stratio BD has been universally recognized by analysts including Gartner and Forrester as a leader in this emerging space, providing more value for large customers than traditional data management approaches.
In the current context where data maturity has become a competitive edge for large B2C organizations in the financial services, healthcare, retail and telecommunications sectors, Stratio BD decouples data tasks from IT and enables “citizen” data consumption. At the same time, data governance has become a corporate necessity as increased compliance and data privacy regulations such as GDPR and CCPA have pushed the topic to the top of the strategic agenda for businesses.
For the past ten years, the company has leveraged its industry-leading platform to build a strong commercial position in its home market of Spain but also in Latin America and more recently in the United Kingdom and France. Proceeds from the round will go towards leveraging this existing position and technical edge to further accelerate in Europe with the assistance of the InfraVia team.
Oscar Mendez, CEO of Stratio BD, commented: “The value our clients are creating from their data using Stratio BD’s platform is allowing business users to multiply their productivity, reducing costs and time to a fraction of what they used to need. All these proves that analysts like Gartner or Forrester were right, and Data Fabric is not just a trend but a revolution in Data Management. This is a pivotal moment for Stratio BD, as this new round, together with InfraVia’s broad array of support capabilities, will allow us to accelerate our international expansion while continuing with the innovation that drives the development of our Platform.”
Guillaume Santamaria, Partner at InfraVia, said: “We are thrilled to partner with the team as we believe that they are uniquely positioned in this space to build a strong position in Europe. We are looking forward to helping Oscar, Ernesto, Jose Manuel and their team with their next phase of growth and will leverage the full extent of our network, internal resources and expertise to do so.”
Romain Favrelle, Director at InfraVia, added: “We were impressed with the vision of the team, who was years ahead on the data fabric concept and delivered a world-class platform able to extract significant value from blue-chip customers. We are very much looking forward to the next phase and building a European leader together with the management.”