Datamaran Secures $33 Million for Growth and Innovation
Datamaran, a company with operational bases in both London, UK, and New York City (NYC), has recently announced that it has raised an impressive $33 million in Series C financing. This funding round was effectively orchestrated by investment funds managed by Morgan Stanley Expansion Capital, which has a strong reputation for backing innovative technology firms. The capital infusion is strategically aimed at accelerating Datamaran's growth in the U.S. and European markets, while also bolstering their initiatives surrounding generative artificial intelligence (AI). Given the increasing complexity of global business environments, this funding comes at a critical time for Datamaran as it seeks to enhance its offerings and further solidify its market position.
Guided by CEO and Co-founder Marjella Lecourt-Alma, Datamaran is widely recognized for its cutting-edge software analytics platform that not only identifies but also monitors external risks, including those related to Environmental, Social, and Governance (ESG) factors.
Their patented technology provides businesses with real-time analytics that cover strategic, regulatory, and reputational risks tailored to specific value chains. Over the past 18 months, following its previous funding round, Datamaran has seen its subscription revenue more than double. This remarkable growth has largely been driven by increased demand for their ESG governance and risk management solutions, particularly from C-Suite executives who are now more than ever focused on navigating the complexities of sustainability and compliance.
The platform serves nearly 200 clients, which include prominent names such as Dell, Cisco, AB InBev, Deloitte, and Pepsico, alongside organizations like the European Financial Advisory Reporting Group (EFRAG). These clients benefit from Datamaran's ability to prepare for and comply with over 4,000 ESG regulations and standards that are applicable on a global scale. Moreover, the company's expansive database, which encompasses information on around 9,000 companies, enables clients to benchmark their performance, set achievable targets, and ultimately strive for superior outcomes that enhance operational efficiency and profitability. Through this robust platform, Datamaran is not only assisting businesses in meeting regulatory demands but is also empowering them to drive tangible improvements within their organizations.
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