Data republic accelerates Singapore expansion with $22 Million funding round led by
Singtel INNOV8
Data Republic, the leading platform for secure inter-organisational data sharing, today announced
a strategic expansion that includes AUD $22 million in Series B funding. The round was led by
Singtel Innov8, the corporate venture capital fund of the Singtel Group with participation from
Singapore entities Singapore Airlines and existing investor Qualgro, who has supported the
company’s expansion into the region. The round also included investments from existing investors
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, Senior Vice President 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.”
Paul McCarney, Chief Executive Officer and CoFounder 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 was recently named a Cool Vendor by Gartner in its “Cool Vendors in Information
Innovation” report[1] and has seen rapid adoption of their secure data sharing platform, Senate,
which is now used by multiple major banks, governments and other well respected brands in the
aviation, retail and media sectors across Australia, Singapore and the United States.
Commenting on Data Republic’s
mission to make global data liquidity possible through safe data
sharing, Danny Gilligan, CoFounder of Data Republic said, “As markets around the world struggle
with regulatory trade-offs between privacy and innovation, we are proud to be delivering data
sharing infrastructure which proves it’s possible to deliver higher levels of data driven innovation
while at the same time increasing the privacy and security controls in data.”
To find out more about how Data Republic’s Senate Platform solves secure data sharing and
privacy-preserving matching please visit: www.datarepublic.com Connect with Data Republic on
LinkedIn and Twitter
Singtel Innov8
