Stradio BD has announced a new round of investment to continue fueling its international expansion. The €65m Series C investment was led by InfraVia Growth, with participation from Adara Ventures and the Stratio founders.
Founded in 2014 and headquartered in Madrid, Stratio has successfully positioned itself as the global leader in the new category defined by Gartner and Forrester as “Data Fabric.” The company has developed a unique software solution for orchestrating disparate data sources, intelligently and securely, in a self-service and automated manner.
Over the past eight years, Stratio has expanded beyond Spain to the US, Latin America, the UK, and France, growing its team to over 400 employees and working with more than 50 enterprises – including BBVA, Santander, HSBC, Barclays, Mutua Madrileña, Sanitas, El Corte Inglés, and more.
This latest round of funding will allow the company to further accelerate its expansion into new European markets, focusing primarily on banking and insurance clients.
Stratio’s core software business is experiencing rapid growth in 2022 and is seeing an increase in annual recurring revenues (ARR of over 70%, despite modest investments in marketing and sales. Moreover, the mix of new bookings, renewals, and upsells is improving – with scalable, high-margin software representing almost two-thirds of revenues.
We first met the Stratio founders in 2014 and led their €4m Series A round of funding. In 2018, we partnered again to lead their €13m Series B, and we are proud to continue backing Óscar Méndez, Ernesto Funes, and the entire Stratio team as they enter this next phase of growth.
“Stratio combines the technical depth to develop a leading-edge product with the hands-on experience to solve the challenges of large enterprises in leveraging data and using AI. We are impressed by Stratio’s customer base and commercial momentum of its Data Fabric offering, and we are excited to continue partnering with the team on their international scale-up journey.” – Alberto Gómez, Managing Partner, Adara Ventures
Self-service Data Fabric: unlocking more value from data
Today’s global enterprises are managing immense volumes of data and deploying that data across on-premise and cloud environments. The sheer amount of data types and platforms makes it challenging to manage data’s access, security, and integrations efficiently.
As a result, many companies are still working under a monolithic silos structure and paying enormous costs to maintain legacy data systems. Developments within artificial intelligence (AI), hybrid cloud, the internet of things (IoT), and edge computing over the past decade have led to the exponential growth of big data, creating even more complexity for enterprises to manage.
Enterprise data fabric adoption has been on the rise as a solution to consolidate data coming from various sources and across distributed environments. Data fabric enables anyone in the organization to access and share data seamlessly, helping companies overcome data silos, drastically increase data understanding, and boost productivity amongst data teams.
Stratio accompanies businesses on their data fabric journey with a full-scale, self-service platform that helps with data exploration, governance, and monitoring. The augmented data fabric platform allows companies to create a unified environment where data is standardized, semantically defined, and within everyone’s reach.
Learn more here: https://www.stratio.com.
