Tranquil Data, established in 2018, is a Boston-based, venture-backed startup specializing in data context solutions. The company's mission is to align executive teams by surfacing business context for data, thereby empowering new revenue streams and opportunities. With a team comprising enterprise veterans and former startup executives, Tranquil Data leverages decades of collective enterprise software experience to deliver modern orchestration and automation solutions. These solutions facilitate the transition to cloud-native data fabrics and minimize risks associated with third-party data and hybrid deployments.
Key Strategic Focus
Tranquil Data's strategic focus centers on automating the enforcement of correct data usage for legal and privacy professionals. The company's platform captures business-relevant facets, identifies user data in real-time across various applications and databases, and automates the process of connecting data to its context. This approach simplifies compliance and empowers agile analysis, innovation, and transformation. By providing a single source of truth for data context, Tranquil Data enables businesses to discover and validate new uses for their existing data, ensuring that data is used correctly and in compliance with relevant policies and regulations.
Financials and Funding
In August 2018, Tranquil Data completed a seed funding round, raising $1.8 million. The round attracted investments from First Star Ventures, Hyperplane Venture Capital, and Koa Labs. The capital was intended to support the development and expansion of the company's data context platform, enabling businesses to unlock the full value of their data while ensuring compliance with legal and privacy requirements.
Technological Platform and Innovation
Tranquil Data's platform stands out through its ability to capture and enforce data context, ensuring that data usage aligns with business policies, privacy regulations, and contractual obligations. By automating the connection between data and its context, the platform simplifies compliance processes and empowers businesses to leverage their data for new products, insights, and partnerships. This innovative approach addresses the complexity of data governance and enables organizations to unlock the full value of their data assets.
Leadership Team
- Seth Proctor, Co-Founder and Chief Executive Officer
- Formerly Chief Technology Officer at NuoDB, Seth brings extensive experience as a systems architect and implementor, with a strong focus on product and customer needs.
- Peter Shah, Co-Founder and Chief Technology Officer
- Previously a Senior Engineer at NetApp, Peter is an experienced data management and storage architect, implementor, and technologist.
Competitor Profile
Tranquil Data operates in the data integration and compliance automation industry, facing competition from several companies:
- Base 3 Systems: A provider of technology solutions specializing in data integration and management.
- Frankie Financial: Offers a platform that connects ID verification, eKYC, AML, and fraud providers into a single solution.
- Bloomberg Government: Provides subscription-based services offering news and analytics for government affairs professionals.
- GovPredict: Develops enterprise software for government affairs, focusing on data analysis and compliance.
Strategic Collaborations and Partnerships
Tranquil Data has secured investments from notable venture capital firms, including First Star Ventures, Hyperplane Venture Capital, and Koa Labs. These partnerships have provided the company with the necessary capital and strategic guidance to develop and expand its data context platform, enabling businesses to unlock the full value of their data while ensuring compliance with legal and privacy requirements.
Operational Insights
Tranquil Data differentiates itself by offering a platform that automates the enforcement of correct data usage, capturing the full policy framework in one service that enforces and audits use and sharing at scale. This approach empowers legal and privacy professionals to take control over their rules and requirements, while enabling business roles to map data to its intention and opportunities. By providing a single source of truth for data context, Tranquil Data simplifies compliance processes and accelerates the development of new products and partnerships.
Strategic Opportunities and Future Directions
Tranquil Data is well-positioned to capitalize on the growing demand for data governance and compliance solutions. By continuing to enhance its platform's capabilities and expanding its customer base across various industries, the company aims to empower more organizations to unlock the full value of their data assets while ensuring compliance with evolving legal and privacy requirements. Future directions may include the development of additional features and integrations to address emerging data challenges and opportunities.
Contact Information
- Website: tranquildata.com
- LinkedIn: linkedin.com/company/tranquil-data/
- Twitter: twitter.com/tranquildata
