Vaultspeed raises €3.6m Series A to accelerate international growth
Vaultspeed, a SaaS company specialised in data warehouse automation solutions, has closed a €3.6m Series A round led by Fortino Capital Partners.
The company was founded two years ago by Piet De Windt and Dirk Vermeiren with support of The Cronos Group, who remains on board through its seed investment fund the CoFoundry.
Vaultspeed’s data automation software serves data managers by accelerating and automating the entire lifecycle (design, build and maintain) of their Data Vault.
Data Vault technology is an innovative approach to centralise enterprise data for business analysts who deliver the necessary real time insights that business leaders need to guide their decisions. This is where Vaultspeed comes into play.
Dirk Vermeiren, CTO of Vaultspeed said: “While ensuring quality and consistency, the tool automates the integration of data from multiple source systems into the Data Vault, making it available for further analysis throughout the enterprise. This is what agile business leaders need to accelerate their time to market, cut the complexity and reduce project risks.”
Vaultspeed’s customer base ranges from California (Department of Health of Santa Clara County) across Europe to Japan (Olympus). The rise of microservices driving the multiplication of distributed data sources, the move to the cloud, the increasing volume of data and degree of change and the scarcity of qualified talent stimulate organisations to respond faster and smarter, increasing the demand for automated data warehousing solutions.
Duco Sickinghe, Managing Partner at Fortino Capital: “We have seen a rapidly increasing traction for data vaults over the past years and are truly excited to support Piet De Windt (CEO) and Dirk Vermeiren (CTO) in accelerating their growth. Vaultspeed’s data warehouse automation tool plays a crucial role in helping customers increase their agility, while responding to strong time-stamping, auditability and traceability requirements.”