Stratio, a third-generation Big Data platform, has received a significant financial boost. The company secured €13 million in a Series B funding round, led by Adara Ventures with the support of GP Bullhound. The funds are earmarked for the further development of Stratio’s Big Data product suite and to accelerate the growth of their software subscription business on a global scale.
Stratio offers modular solutions that can be customized to address specific business challenges, leveraging Big Data and artificial intelligence (AI). The platform’s modular approach has positioned it favourably among enterprises seeking tailored technological solutions.
Oscar Mendez, CEO of Stratio, commented on the company’s recent advancements, stating, “Stratio’s growth in recent years has been on an exciting trajectory. We are delighted to continue to work with Adara Ventures and have built a fruitful relationship with GP Bullhound for the past few years. We look forward to working together with them on our international expansion and growth strategy.”
Meanwhile, Joakim Dal, Partner at GP Bullhound, highlighted the value proposition of Stratio, noting that the platform makes next-generation technologies accessible to IT-intensive enterprises at a fraction of the cost they would incur if developed internally. “We see significant opportunities for growth ahead for Stratio,” Dal added.
This strategic investment underscores the confidence that investors have in Stratio’s potential to revolutionise the way businesses utilise Big Data and AI. The capital infusion will enable Stratio to enhance their offerings further and strengthen their international market presence.
This investment marks a pivotal moment for Stratio, as it seeks to expand its footprint globally and enhance its technological offerings. The future looks promising for this innovative platform, driven by strong investor confidence and a clear growth strategy.
