HData Closes $10 Million in Series A
HData, a Birmingham, AL-based company specializing in AI and automation solutions for the U.S. energy industry, closed $10 million in Series A funding.
The round was led by Buoyant Ventures, with participation from Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures.
Founded in 2020, Buoyant Ventures is a venture capital firm focused on digital solutions to combat climate change. Based in Chicago, Illinois, the firm seeks to make climate tech investments in the energy, mobility, circular economy, food & agriculture, water, climate intelligence, and built environment sectors.
The company will the fresh capital to accelerate the expansion of its flagship platform, enhancing its capabilities to serve energy industry professionals.
Founded in 2018 by Hudson Hollister, 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, its 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. The company’s regulatory AI allows users to query fully secured data libraries (including their private documents) to get quick and accurate answers to their business-critical questions. Currently used by more than 30 regulated energy companies and supporting organizations like consultants, intervenors, and regulators.
Funding Details
Company: HData, Inc.
Raised: $10.0M
Round: Series A
Funding Month: March 2024
Lead Investors: Buoyant Ventures
Additional Investors: Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures
Company Website: https://www.hdata.us/
Software Category: RegTech Solutions