HData—a company using AI and automation to help the U.S. energy industry file, explore, analyze, and leverage regulatory data—announced the closing of a $10 million Series A funding round led by Buoyant Ventures. The participating investors include Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, and others.
The funds will be used to accelerate the expansion of the flagship HData platform with enhanced capabilities for energy industry professionals.
HData’s innovative AI-powered platform enables clients to receive, analyze, and understand crucial data, enabling key strategic decision-making for energy initiatives. And HData’s expanded platform will play a crucial role by amassing the largest authoritative library of structured and unstructured regulated energy data in the industry and equipping companies with powerful AI tools that can quickly unearth intelligence that previously would have taken months to uncover, if at all.
This analysis quality will transform the day-to-day of energy companies while also providing the critical energy transition intelligence required to solve significant regulatory and climate-related issues.
This funding round also spotlighted HData’s work with leading energy companies like Southern Company to enhance reporting, decision-making, rate case analysis, and industry benchmarking – streamlining compliance and risk management and driving a more efficient, data-driven approach within the utility sector.
Currently used by over 30 regulated energy companies and supporting organizations like consultants, intervenors, and regulators, HData’s platform automates the entire regulatory data lifecycle from collection to actionable insights, allowing energy professionals to focus on strategies that drive growth and sustainability.
KEY QUOTES:
“HData stands at the digital forefront, bridging the gap between the current energy sector and its sustainable future. With our Series A funding from Buoyant Ventures and other key investors, we are set to broaden our platform’s impact, unlocking insights from industry data to make better decisions today and positioning our customers to navigate the changing industry tomorrow.”
- Hudson Hollister, co-founder and CEO of HData
“HData’s platform can unlock and analyze the industry data that is crucial to transitioning our energy economy efficiently,” Myers said. “Buoyant is passionate about energy transition intelligence, and we see HData’s technology as an essential tool and opportunity to help the industry and regulators address the climate crisis. We also see HData’s work as a blueprint for addressing other monumental issues and heavily regulated industries which require precise data analytics.”
- Allison Myers, general partner and co-founder at Buoyant Ventures
“HData’s AI-enhanced data analytics is an exciting development for the sector. At Southern Company, we are committed to serving customers with safe, reliable and affordable energy. Our commitment to net zero goals and our customers will be greatly assisted by the insights and intelligence provided by HData.”
- Noel Black, SVP of Federal Regulatory Affairs at Southern Company
