
DataCo Technologies
Combines the latest privacy and data protection, uniquely connecting customer consent to data sharing.
Date | Investors | Amount | Round |
---|---|---|---|
investor | €0.0 | round | |
* | AUD6.0m | Seed | |
Total Funding | 000k |
USD | 2022 |
---|---|
Revenues | 0000 |
EBITDA | 0000 |
Profit | 0000 |
EV | 0000 |
EV / revenue | 00.0x |
EV / EBITDA | 00.0x |
R&D budget | 0000 |
Source: Dealroom estimates
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DataCo Technologies operates as a software-as-a-service (SaaS) provider, offering a specialized platform for secure data collaboration between organizations. The company was founded in 2022 and emerged from the Business Creation Lab of 1835i, the venture capital and innovation arm of ANZ Bank. This origin within a major financial institution shaped the platform's core focus on privacy, security, and compliance, making it suitable for highly regulated industries such as financial services, healthcare, and telecommunications, as well as retail and airlines.
The founding team includes CEO Rami Mukhtar, who previously co-founded and led customer analytics firm Ambiata, and COO & CPO Danny Tyrrell, a technologist and strategist. Their combined experience highlights a deep understanding of leveraging data for business value while navigating complex regulatory landscapes. The company's business model is centered on providing subscription-based access to its DataCo Collaboration Platform. This platform enables businesses to combine their datasets to gain deeper insights into shared customer bases for purposes like customer acquisition, retention, and strategic growth, without directly sharing sensitive or personally identifiable information.
The technology employs advanced privacy-enhancing techniques (PETs) like multi-party computation (MPC) and the generation of synthetic data. A key feature is Private Set Intersection, which allows partners to identify common customers without exposing their entire customer lists. This process ensures that customer consent is central to any data sharing, and all collaborations are transparent and auditable, complying with regulations like GDPR. DataCo offers a suite of products—Coordinates for opportunity discovery, Compass for strategic planning, Connect for execution, and Compare for measurement—that guide clients through the entire data collaboration lifecycle, from identifying potential partnerships to measuring the impact of joint campaigns. This structure allows clients to unlock the value of data partnerships while mitigating the associated risks.
Keywords: data collaboration, privacy enhancing technologies (PETs), data clean rooms, secure data sharing, customer insights, multi-party computation (MPC), synthetic data, data partnerships, financial services technology, regulatory compliance, customer data platform, auditable data, consent management, SaaS, B2B software, ANZ Bank innovation, 1835i ventures, Rami Mukhtar, Danny Tyrrell, enterprise data