Venture Capital News: HData Nabs $10M Series A Funding Round
2024-03-05
BIRMINGHAM, AL, HData today announces the close of $10 million in Series A funding.
HData, a company using AI and automation to help the U.S. energy industry to file, explore, analyze, and leverage regulatory data, today announces the close of $10 Million in Series A funding, led by Buoyant Ventures, an early-stage venture fund that invests in digital solutions to combat climate change. Participating investors include Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures, among other prominent investors. Funds will be used to accelerate the expansion of the flagship HData platform with enhanced capabilities for energy industry professionals.
HData is a technology company that enables anyone in the energy industry to file, explore, analyze, and capitalize on authoritative regulatory data. Using AI and analytics, HData's platform transforms millions of pages of filings and dockets - previously tedious, manual, and error-prone to manage - into rich intelligence, empowering analysts, and executives to make crucial decisions with confidence. HData's groundbreaking Regulatory AI allows users to query fully secured data libraries (including their own private documents) to get quick and accurate answers to their business-critical questions. The company was named to the GovTech 100 by Government Technology Magazine, appointed to the SAP.iO Munich Sustainability and Energy Management cohort, and recognized as the 'Best Regulatory or Compliance Startup' at the 2023 TLTF Summit.
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