Data-sharing platform Data Republic is raising $16.2 million (A$22 million) in a Series B funding round led by Singtel Innov8, the corporate venture arm of Singtel Group. Other investors include Singapore Airlines and existing investors, Qualgro, ANZ, Reinventure and Ryder Innovation Fund.
The Sydney-based firm last raised its $10.5-million Series A round in 2016 backed by Qantas, National Australia Bank and Westpac.
Data Republic offers a platform called Senate, which aims to provide comprehensive legal governance and licensing workflows for companies when sharing data. It also aims to do this securely. Data Republic’s clients currently include major banks, governments and other brands in aviation, retail and media across Australia, Singapore and the United States.
Danny Gilligan, co-founder, 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.”
George Wang, Senior Vice President for Information Technology at Singapore Airlines, said: “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.”
Data Republic has offices in Sydney, Singapore and Los Angeles.