London becomes second new location following completion of Stratio BD’s EUR 65 million Series C round led by InfraVia Capital Partners.
Augmented data fabric specialist Stratio BD has launched the next phase of its ambitious global expansion plans after officially opening new Northern European regional headquarters in London, UK.
The move comes only a month after the scale-up unveiled new Southern Europe regional headquarters Paris, France – both of which follow completion of its Series C funding round worth EUR 65 million in late 2022.
The roll out of new regional teams across Europe is part of the company’s strategy of using the fund proceeds to expand its physical presence closer to existing and prospective clients across all European and North American markets over the next few years.
Kyle Kearns has been appointed VP & General Manager of Northern EMEA and will manage operations for the region with a particular focus on driving a partner-first strategy. He will also be responsible for hiring and fostering the UK team from the ground-up across all go-to-market functions. The team is currently hiring two senior and two account sales executives and an inside sales executive.
Formerly Enterprise Sales Lead, Northern EMEA, at American software development company Starburst, Kyle brings a wealth of experience, having built and scaled the region from scratch, as well as landing and expanding some of the most complex enterprises within banking and telecoms globally.
Stratio BD was founded by entrepreneurs Óscar Méndez Soto and Ernesto Funes in 2014 and is universally recognised by analysts including Gartner and Forrester as an international leader in data fabric. The company has over 500 employees and a rich plethora of major corporate clients including Santander, HSBC, BBVA, and Carrefour.
Stratio BD’s Augmented Data Fabric product provides businesses with a composable data management solution, enabling governance, virtualisation, and machine learning to multiply productivity of the companies that use it, reducing costs and time to a fraction of what they used to need. It is also billed as one of the first platforms on the market to be entirely based on high-speed distributed technology.
Kyle Kearns, VP & General Manager, Northern EMEA, said: “Our regional roll out is part of our ongoing strategy of establishing a strong, localised presence in key markets such as the UK and Nordic countries, to be closer to our customer bases there as well as better delivery for their bespoke needs. “In particular, we are proud to have our feet on the ground in the UK where we are rolling out a partner-first strategy, allowing us to collaborate with best-in-class technology providers across the data spectrum. This will allow our valued customers to bridge the gap around actionable data governance and making them even more data driven. The sky is really the limit.”
Óscar Méndez Soto, CEO and Co-Founder of Stratio BD, added: “Stratio BD continues to capitalise on our 40 per cent YoY growth curve with our ever-growing global expansion plans. The time is right to have hit this important milestone, as introducing a regional base in London will allow us to provide even more tailored data-led solutions, helping clients unlock true data value. Our tool’s unique ability to fully democratise data empowers businesses to accelerate long-term profit, re-align resources, and save on time while meeting the challenges and seizing the opportunities of each market.”
Romain Favrelle, Director at InfraVia, said: “The UK has been a key country in the expansion plan for Stratio BD from the start and we are therefore very excited to announce this launch, having worked alongside Oscar, Ernesto, and Pierre for the past six months. With many enterprises confronted with data governance and quality issues at scale, specifically in verticals where Stratio has a proven track record of delivering business-transforming initiatives, we believe that the market is now at the right maturity to understand and embrace the benefits of the data fabric concept. We are also convinced that Stratio BD’s outstanding product and the ability to deliver value in any data-related project quickly, will be much appreciated by the local customers.”
For more information visit www.stratio.com/home
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About Stratio BD
Augmented data fabric specialist Stratio BD was founded in 2014 by fellow entrepreneurs Óscar Méndez Soto and Ernesto Funes. The Madrid, Spain-headquartered company was created to help businesses fully harness the power of data fabric and AI. Stratio BD’s Augmented Data Fabric Platform provides businesses with composable data management solutions, enabling governance, virtualisation, advanced analytics, and AI to multiply the productivity of companies that use it, reducing costs and time to a fraction of what they need.
The product provides a range of functions, including simplifying data understanding for business users, providing knowledge graph representations, applying AI algorithms to augment data management tasks, and automating manual AI development. The platform also provides users with complete flexibility and scalability, allowing businesses to facilitate maximum performance under any peak workload.
Last year, Stratio BD completed its Series C funding worth EUR 65 million, led by InfraVia with participation from Adara (A and B-Series investor) and the founders. The company had reached critical mass in its historic markets of Spain and Latin America and is now leveraging the round proceeds to fund commercial expansion across Europe and eventually further afield in the USA, Asia, and the Middle East. Stratio BD was named Gartner’s Cool Vendor in Data Management in 2021 for its innovative augmented data fabric platform.
For more information visit www.stratio.com
About InfraVia Capital Partners
InfraVia is a leading independent private equity firm, specialized in infrastructure and technology investments. InfraVia supports entrepreneurs and industrial players in their growth and digital strategy, accelerating their transformation to sizeable platforms. Since 2008, InfraVia has raised EUR 10 billion of capital and invested in 50 companies across 13 European countries.
In 2020, InfraVia launched a new investment strategy dedicated to European B2B high-growth tech companies and raised a EUR 501m fund. The team plans to make 15 single investments of EUR10 million to EUR50 million to help some of the best European entrepreneurs realize their ambitions. Since inception, InfraVia Growth has participated in the funding rounds of Jobandtalent, Sightcall, Paysend, Foodles, Botify, Packhelp, Ometria, Paack, Xempus and lastly Stratio.
For more information visit www.infraviacapital.com
