5 years ago

Harbr Raises $38.5 Million to Secure Big Data Exchange

  • Harbr, a London-based startup that provides a secure platform for enterprise data exchange, has raised $38.5 million in a Series A round led by Dawn Capital and Tiger Global Management

  • The company plans to use the funding to hire more employees and invest in R&D

  • Harbr has been working with enterprises since 2017 to develop its platform, which allows companies to securely share their data with other parties, including third-party businesses and other parts of their own organization

  • The company has already secured customers in the financial and enterprise services industries, including Moody's Analytics and WinterCorp, as well as governments.

      • ProblemTechnology

      "Organizations have troves of data that they amass and use in their own businesses, but many are looking to share those troves with other parties to expand their prospects. The challenge is that this comes with challenges like privacy and data protection and it is difficult to find a secure way to do this. Furthermore, enterprises are challenged to find a way to make their data usable and easily accessible to other companies."

      Solution

      "Harbr is a platform that provides enterprises with a way to tap into data that an organization may already have in data lakes and warehouses, which it already uses for analytics and business intelligence. The idea is to make that data ready and secure for enterprise data exchange, either with other parts of your own large organization, or with third parties. That involves creating a “clean room”, providing tools for making it accessible by third parties, and potentially turning it into a data marketplace, if that is your goal."

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