HData Company Profile

Background

HData, founded in 2018 by Hudson Hollister, is a technology company specializing in automating compliance and delivering business intelligence solutions to the U.S. regulated energy industry. The company's mission is to simplify and streamline regulatory processes through the application of artificial intelligence (AI) and data solutions, making regulatory work more intuitive and productive.

Key Strategic Focus

HData's strategic focus centers on:

• Regulatory Compliance Automation: Providing tools that automate the filing of annual and quarterly forms with the Federal Energy Regulatory Commission (FERC), including automated XBRL formatting and tagging.

• Business Intelligence: Offering visualizations and raw data to gain insights across the industry, for peer groups, or individual organizations.

• Regulatory AI: Leveraging AI to analyze regulatory energy documents, enabling users to locate, monitor, and interact with federal and state regulatory documents efficiently.

Financials and Funding

HData has successfully secured funding to support its growth and development:

• Seed Investment (December 2021): Closed an oversubscribed $3.1 million seed investment round, led by Hyde Park Venture Partners and co-led by Firebrand Ventures.

• Series A Funding (March 2024): Raised $10 million in a Series A funding round led by Buoyant Ventures, with participation from Victorum Capital, Hyde Park Venture Partners, and Firebrand Ventures. The funds are intended to accelerate the expansion of HData's platform with enhanced capabilities for energy industry professionals.

Technological Platform and Innovation

HData's platform stands out due to its:

• Regulatory AI: A proprietary AI system grounded in regulatory data with citable underlying sources, transforming day-to-day work through transparency and efficiency.

• Automation Capabilities: Automating the entire regulatory data lifecycle from collection to actionable insights, allowing energy professionals to focus on strategies that drive growth and sustainability.

Leadership Team

HData's leadership comprises experienced professionals:

• Hudson Hollister: Co-Founder and CEO, previously founded the Data Coalition and the Data Foundation, and drafted the DATA Act of 2014 and the GREAT Act of 2019.

• Yuval Lubowich: Co-Founder and CTO, leads the development team with decades of experience in building simple, intuitive, and flexible applications on standardized data.

• Jeff Press: Chief Revenue Officer, overseeing revenue generation strategies.

• Erin Riley: VP of Sales, responsible for sales operations and growth.

• Allison Myers: VP of Strategy, focusing on strategic initiatives and partnerships.

• Holly Williamson: VP of Marketing, leading marketing efforts and brand positioning.

Leadership Changes

Recent significant appointments include:

• Allison Myers: Appointed to the executive leadership team as VP of Strategy.

• Frank Lacey: Joined as President, bringing extensive experience in regulatory affairs.

Competitor Profile

Market Insights and Dynamics

The energy regulatory technology market is experiencing growth due to increasing complexity in regulatory requirements and the need for efficient compliance solutions. The integration of AI and automation is becoming a significant trend, offering enhanced data analysis and decision-making capabilities.

Competitor Analysis

Key competitors include:

• Qlik: Provides data visualization and business intelligence solutions.

• DataRobot: Offers AI-driven predictive analytics platforms.

• Talend: Specializes in data integration and integrity solutions.

• TIBCO: Delivers data management and analytics software.

• Databricks: Focuses on data engineering and machine learning platforms.

Strategic Collaborations and Partnerships

HData has established significant partnerships to enhance its offerings:

• Alabama Power Company: Collaborated to develop HData Insights, a business intelligence solution for the energy industry.

• Southern Company: Engaged in a pilot program to utilize HData's AI-based platform for managing regulatory data at electric and gas utilities.

Operational Insights

HData differentiates itself through:

• AI-Driven Solutions: Utilizing AI to automate and enhance regulatory compliance and data analysis.

• Comprehensive Data Management: Offering a platform that manages the entire regulatory data lifecycle.

• User-Centric Design: Focusing on intuitive and productive user experiences.

Strategic Opportunities and Future Directions

HData aims to:

• Expand Platform Capabilities: Enhance the platform with additional features and integrations.

• Broaden Market Reach: Extend services to more organizations within the regulated energy sector.

• Innovate with AI: Continue developing AI-driven tools to address emerging regulatory challenges.

Contact Information

• Website: HData.us

• LinkedIn: HData LinkedIn Profile

• Headquarters: Birmingham, Alabama, United States