[PRESS RELEASE] Data Republic Accelerates Singapore Expansion with $22M Funding Round Led by Singtel Innov8

[From Left: Danny Gilligan (CoFounder, Data Republic), Edgar Hardless (CEO, Singtel Innov8), Paul McCarney (CEO, Data Republic)]

VIEW THE FULL PRESS RELEASE HERE 

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.”

 

Check out the news and commentary on this announcement:

Australian Financial Review – 4/12/18

Data Republic $22m capital raising backed by Singapore Inc

InnovationAus.com – 4/12/18

Data Republic’s $22M data bridge

Business Times – 4/12/18

Australia tech startup Data Republic raises A$22m in Series B round led by Singtel’s Innov8

Which-50 – 4/12/18

Data Republic Closes $22 Million Funding Round Led By Singtel Innov8

Channel Asia Singapore – 4/12/18

Singtel Innov8 backs Data Republic amid $22M funding round

AdNews – 4/12/18

Aussie firm Data Republic eyes Singapore after $22 million scoop

The Straits Times – 4/12/18

SIA takes stake in Australia tech startup Data Republic; A$22m funding round led by Singtel’s Innov8

The Australian – 4/12/18

Data Republic takes off with $22m

IG – 4/12/18

Australian startup Data Republic nets A$22 million funding in a round led by Singtel’s VC, Singapore Airlines buys a minority stake

Business Insider Australia – 4/12/18

Singapore Airlines has bought into Australian tech startup Data Republic as part of a $22 million raise

Startup Daily – 4/12/18

Data Republic raises Series B round led by Singtel Innov8

Yahoo! Finance – 4/12/18

Singapore Airlines has bought into Australian tech startup Data Republic as part of a $22 million raise

ETB Travel News – 5/12/18

Singapore Airlines acquires stake in Data Republic

Travel Monitor – 5/12/18

SIA grows digital investment with share purchase of Aussie company

 

Read the full press release here

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