London-based Ohalo secures €3.3M to help organisations with data management

London-based Ohalo, an unstructured data intelligence, on Friday, June 14 announced that it has secured £2.8M (approximately €3.3M) in funding from YFM Equity Partners, UK-based private equity investors.

The company will use the funds to accelerate its global expansion and development.

At present, being able to manage large volumes of data is a pressing need for many organisations across the world today.

A research shows that by 2025, the amount of data generated, gathered, copied, and consumed globally will reach 180 zettabytes. However, up to 80 per cent of this is unstructured data, claims the report.

Here’s where London’s Ohalo comes into play!

Birth of Ohalo

Kyle DuPont and Alistair Jones co-founded Ohalo in 2017 in response to several factors: increasing dependence on personal data in various forms, such as KYC (Know Your Customer) and AML (Anti-Money Laundering), which required proper handling and management; the introduction of GDPR that emphasised the importance of proper data handling; and growing concern about cyber-security risks.

Ohalo: Taming unstructured data chaos

Ohalo has developed — Data X-Ray platform to help organisations create order out of data chaos.

Data X-Ray helps organisations scan, discover, classify, and redact sensitive data from their unregulated, unstructured data sources, on-premise and in the cloud.

Ohalo says it can connect to 1000s of data sources and enables quick reporting.

The product can be adjusted to anticipate changing data management needs. It has been enhanced to help organisations speed up and manage risks associated with Generative AI adoption.