Raito, a Brussels, Belgium-based data access management software for modern data teams, announced that it raised €4 million in seed funding as the company emerges from stealth mode.
Its mission is to make data teams more productive by simplifying data access management.
The financing round was co-led by Dawn Capital and Crane Venture Partners, with participation from a range of angel investors, including Collibra, Showpad, and Harbr.
Bart Vandekerckhove, co-founder and CEO of Raito, said: "As data management becomes more complex, companies are having to choose between innovation and security – it's that dichotomy that acts as a straitjacket for businesses where data is their most competitive asset. I'm extremely excited Raito is now able to emerge from stealth mode and we can get our productivity-first solution into the hands of customers."
Raito's launch by former Collibra employees is now launching to customers in Europe and North America, targeting mid-sized organizations with between 100 and 3000 people to disrupt the €11bn data access management industry.
Company: Raito B.V.
Raised: €4.0M
Round: Seed Round
Funding Month: October 2022
Lead Investors: Dawn Capital and Crane Venture Partners
Additional Investors: Collibra, Showpad, and Harbr
Company Website: https://www.raito.io/
Software Category: Data Access Management Software
About the Company: Raito was founded in 2021 by former Collibra Product Manager for Data Privacy Bart Vandekerckhove and Vice President for Engineering Dieter Wachters to make a "paradigm shift" in data team access management. Raito is a data access management software for the modern data team to make them more productive by automating data access requests while respecting privacy and security. Raito's productivity-first approach provides observability, collaboration, and automation of data access requests, all while respecting privacy and security. Raito gives data analysts faster access to data, removes the burdensome data access requests from data engineers, and gives data governance the tools to control, monitor, and report data usage. Raito scales as you scale, delivering value from day one.
Source: https://www.raito.io/post/collibra-veterans-raise-eu4m-to-found-raito-a-paradigm-shift-in-data-access-management