With the global data governance market forecast to reach nearly $20 billion by 2032, the demand for robust lineage solutions is stronger than ever. Organisations face mounting regulatory pressure under frameworks like the EU AI Act and BCBS 239, alongside growing challenges around data integrity, privacy, and security.
Solidatus’ technology gives companies in regulated sectors, such as financial services, energy, and pharmaceuticals, a precise view of where data originates, how it transforms, and where it travels. This capability not only strengthens compliance but also improves decision-making by building confidence in data accuracy.
Today, Solidatus has secured a £5 million loan from the Growth Debt Fund at Salica Investments to accelerate research and product innovation. This latest investment lifts Solidatus’ total funding to £25 million, following its Series A round led by AlbionVC with participation from HSBC and Citibank in 2021.
The fresh capital will boost the development of advanced data lineage capabilities, combining natural language processing with Solidatus’ deep lineage intelligence. It will also accelerate the development of automated lineage generation, allowing Solidatus to introduce “human-in-the-loop” verification.
How was the idea born?
During a combined 35 years of consulting, Solidatus co-founder Philip Dutton noticed a consistent pattern of data management problems. Projects were taking far longer than they should, with mind-bending complexity, and low confidence in data.
Knowing that there had to be a better way, the idea for Solidatus came about, and it was first and foremost designed as a practitioner’s tool to help accelerate the projects they were tasked with on a daily basis. Eventually, they founded Solidatus in 2017, and it quickly became clear that the tool would have a far greater impact than first envisioned.
“Our focus on advancing the platform’s AI capabilities will further enhance our customers’ ability to manage complexity, ensure compliance, and unlock the value of trusted data at scale. Without lineage, even the most advanced models risk instability and regulatory cracks will start to show, with major consequences to businesses across all sectors,” said Alun Baker, Executive Chairman at Solidatus.
Partnerships and growth milestones
The company’s growth trajectory has gained momentum through strategic partnerships and market recognition. It recently joined the Microsoft Security Store Partner Ecosystem, was listed on Microsoft Azure Marketplace, and earned a place in Gartner’s inaugural “Data and Analytics Governance Platforms” Magic Quadrant.
Solidatus’ impact is evident across major institutions, including HSBC, Deutsche Bank, Bank of New York, LSEG, and ABN Amro. By visually mapping data flows from origin to destination, the platform delivers a clear, auditable understanding of data movement, crucial for governance, compliance, and digital transformation.
Usman Ali, Partner in the Growth Debt Fund at Salica Investments, explained, “Solidatus exemplifies the kind of business we look to back, combining exceptional leadership, a roster of Tier 1 customers, and world-class expertise in data lineage, which is increasingly critical for enterprise data governance and regulatory compliance. We’re delighted to support Solidatus in their growth journey, with this funding helping to accelerate product development and scale their operations.”
