Data Republic is beginning a strategic expansion with the company securing $22 million in series B funding, led by Singtel Innov8, the corporate venture capital fund of the Singtel Group.
The round also included investments Singapore Airlines and existing investors Qualgro, ANZ, Reinventure and Ryder Innovation Fund.
Edgar Hardless, CEO, Singtel Innov8 said, “Data intelligence gives businesses a competitive advantage and data sharing is increasingly recognised as a critical way for enterprises to extend their breadth and depth of market insights.
“Data Republic is helping to ensure that such data sharing is conducted in a safe, secure and compliant manner. Innov8 is excited to support Data Republic’s ambition to expand into Singapore and beyond.”
George Wang, SVP Information Technology at Singapore Airlines, said, “Singapore Airlines recognises the increasing importance that data plays in allowing organisations to have an enriched understanding of customers’ preferences.
“Our investment in Data Republic highlights our commitment to data innovation through a platform which leverages technology to ensure data security and privacy and further enhance our digital capabilities.”
In September Data Republic appointed Lynn Thompson, country manager Singapore to lead growth in the region.
Paul McCarney, CEO and co-founder of Data Republic said: “Gaining support from major Singaporean businesses like Singtel and Singapore Airlines demonstrates the growing importance of privacy and the increasing global need for technology which supports secure, inter-organisational data sharing across markets.
“We welcome our new strategic partners and thank existing investors for their continued support of Data Republic’s technology and vision.”
Data Republic said it has recently seen rapid adoption of their secure data sharing platform, Senate, which is now used by multiple major banks, governments and brands in the aviation, retail and media sectors across Australia, Singapore and the United States.