Ohalo, a London-based company specializing in unstructured data intelligence, has secured £2.8 million (approximately €3.3 million) in funding from YFM Equity Partners, a UK-based private equity firm. This investment will enable Ohalo to accelerate its global expansion and further develop its innovative data management solutions.
The management of large volumes of data is a critical need for many organizations worldwide. A recent study indicates that by 2025, the global amount of data generated, gathered, copied, and consumed will reach 180 zettabytes. However, up to 80% of this data is unstructured, highlighting the urgent need for effective data management solutions.
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The Birth and Vision of Ohalo
Founded in 2017 by Kyle DuPont and Alistair Jones, Ohalo was created in response to several key challenges: the increasing reliance on personal data for processes such as KYC (Know Your Customer) and AML (Anti-Money Laundering), the introduction of GDPR emphasizing proper data handling, and rising concerns about cybersecurity risks.
The Data X-Ray Platform
Ohalo’s flagship product, the Data X-Ray platform, helps organizations manage unstructured data by scanning, discovering, classifying, and redacting sensitive information from both on-premise and cloud sources. The platform connects to thousands of data sources, providing quick and comprehensive reporting. Additionally, it is adaptable to changing data management needs and can help organizations manage risks associated with the adoption of Generative AI.
With this substantial investment, the startup is poised to expand its reach and continue providing cutting-edge solutions to tackle the complexities of unstructured data management, helping organizations worldwide to streamline their data processes and enhance security.
