Stratio BD, a Madrid, Spain-based big data and AI company that accompanies businesses on their journey through complete digital transformation with a single product, announced that it raised €65 million in Series C funding.
The round was led by Infravia Growth, with participation from Adara (Series A and B investor) and the founders.
The funds raised from the round will be used to further accelerate in Europe.
The company has been utilizing its market-leading platform for the past ten years to establish a strong commercial position in its home market of Spain, Latin America, and, more recently, in the United Kingdom and France.
Oscar Mendez Soto, 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.”
Stratio BD is positioned in the data fabric segment, which encompasses suite-type solutions around data management, including data access, virtualization, quality, governance, advanced analytics, and machine learning components.
Company: Stratio Big Data Inc.
Raised: €65.0M
Round: Series C
Funding Month: October 2022
Lead Investors: Infravia Growth
Additional Investors: Adara
Company Website: https://stratio.com/
Software Category: Augmented Data Fabric Platform
About the Company: Founded in Madrid, Stratio BD is a big data and AI company that provides an augmented data fabric platform that allows companies to extract real value from their data. The company’s full-fledged platform helps its customers access and aggregate data with virtualization and automated ingestion from various heterogeneous sources. It also enables non-technical users for various data quality, compliance, and machine learning tasks across large datasets in complex hybrid and multi-cloud environments. Large corporations primarily use their products and services in banking, insurance, healthcare, telco, retail, energy, and media. Stratio BD is committed to helping leading organizations transform and build their digital strategy around big data and artificial intelligence. Stratio BD is headquartered in downtown Palo Alto, CA, with offices in Europe, including its largest office in Madrid. Stratio also has offices in Bogotá, Sao Paulo, and Vancouver.
Source: https://infraviacapital.com/infravia-leads-the-eur65m-series-c-of-stratio-bd-europes-leading-data-fabric-provider/