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§ Private Profile · Birmingham, AL, USA
SaaS RegTech platform for regulated energy, offering automation, AI, and data solutions for compliance and regulatory intelligence.
HData builds automation, AI, and data solutions to simplify regulatory work in the energy sector, based in Birmingham, Alabama. The company offers a SaaS platform providing regulatory intelligence, compliance filing with automated XBRL, and AI-driven analysis of federal and state regulatory documents. HData serves over 40 organizations across the regulated energy industry, including utilities, state and federal regulators, and professional services firms, with notable customers such as Southern Company, Exelon, and NextEra Energy. The firm, which employs 27 individuals, recently secured a $10 million Series A investment round in 2024, led by Buoyant Ventures, to further develop its RegTech solutions. Its platform aims to streamline complex data management and reporting for various stakeholders in the energy regulatory ecosystem. HData was founded in 2018 by Hudson Hollister and Yuval Lubowich.
HData has raised $13.0M across 2 funding rounds.
HData has raised $13.0M in total across 2 funding rounds.
HData has raised $13.0M across 2 funding rounds. Most recently, it raised $10.0M Series A in March 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2024 | $10M Series A | Buoyant Ventures | Firebrand Ventures, Hyde Park Venture Partners, John Hanger, Matt Wilson, Mitz Banarjee, Tony Mealey, Victorum Capital | Announced |
| Dec 1, 2021 | $3M Seed | — | Asymmetry Ventures, Bain Capital Ventures, Adeyemi Ajao, Fifth Wall, Firebrand Ventures, FJ Labs, Greatergoodsociety, Hyde Park Venture Partners, I/O Ventures, KRM Interests LLC, Menlo Ventures, Social Starts, What IF Ventures | Announced |
HData is a U.S.-based technology company founded in 2018 that builds an AI-driven regulatory intelligence platform specifically for the energy sector. Its product transforms complex, fragmented regulatory documents into standardized, digitized data that energy professionals—such as utilities, regulators, advocacy groups, and policy organizations—can easily access, analyze, and use for compliance and business intelligence. The platform includes automated filing and reporting, AI-powered research tools, and centralized knowledge management, helping clients reduce manual work and improve decision-making. Since entering the energy regulatory data market in 2020, HData has grown to serve over 40 organizations and secured significant funding, including a $10 million Series A round in 2024, demonstrating strong growth momentum in the regulated energy space[1][2][3][4].
HData was founded by Hudson Hollister, an expert in government regulatory data and open data advocacy, who previously helped draft key legislation like the DATA Act of 2014. His vision was to transform disconnected regulatory documents into open, standardized data. The idea for HData emerged from his work with the Federal Energy Regulatory Commission starting in 2015, aiming to standardize energy regulatory reporting using the XBRL data format. Co-founder Yuval Lubowich led the development of a user-friendly platform combining compliance and business intelligence on a single system. Early traction included participation in the Techstars Alabama EnergyTech Accelerator in 2021 and partnerships with major utilities like Alabama Power Company. The company raised a $3.1 million seed round in 2021 and a $10 million Series A in 2024, fueling its expansion[3][1].
HData rides the growing trend of RegTech (regulatory technology) and AI-driven data analytics in highly regulated industries. The energy sector’s increasing regulatory complexity and demand for transparency create a strong market need for automated, standardized data solutions. By digitizing and centralizing regulatory data, HData enables faster, more accurate compliance and strategic insights, helping organizations navigate evolving regulations efficiently. This timing aligns with broader market forces pushing digital transformation in utilities and energy markets, positioning HData as a key enabler of modernization in regulatory reporting and intelligence. Its platform also fosters better interaction between regulators and regulated entities, contributing to a more transparent and efficient energy ecosystem[1][2][4][6].
Looking ahead, HData is poised to expand its influence by deepening AI capabilities and broadening its platform’s reach within the energy sector and potentially adjacent regulated industries. Trends such as increased regulatory scrutiny, the energy transition, and digital transformation will likely drive demand for its solutions. Continued innovation in AI and automation will enhance its value proposition, enabling clients to handle growing data volumes and complexity with greater speed and accuracy. As HData scales, it may also play a pivotal role in shaping how regulatory data is standardized and shared across the energy ecosystem, reinforcing its position as a foundational RegTech platform[1][3][4].
HData has raised $13.0M in total across 2 funding rounds.
HData's investors include Buoyant Ventures, Firebrand Ventures, Hyde Park Venture Partners, John Hanger, Matt Wilson, Mitz Banarjee, Tony Mealey, Victorum Capital, Asymmetry Ventures, Bain Capital Ventures, Adeyemi Ajao, Fifth Wall.