Latest The CoFoundry News
Mar 17, 2021
Mar 17, 2021 17 March 2021 – Leuven, Belgium – Vaultspeed, the Belgium-based SaaS company specialized indata warehouse automation solutions, has closed a €3.6 million Series Around led by Fortino Capital Partners. The company was founded 2 years ago byPiet De Windt and Dirk Vermeiren with support of The Cronos Group, who remainson board through its seed investment fund the CoFoundry. Vaultspeed’s data automation software serves data managers byaccelerating and automating the entire lifecycle (design, build and maintain)of their Data Vault. Data Vault technology is an innovative approach to centralize enterprise data forbusiness analystswho deliver the necessary real time insights that businessleaders need to guide their decisions. This is where Vaultspeed comesinto play. Dirk Vermeiren, CTO of Vaultspeed: “While ensuring quality andconsistency, the tool automates the integration of data from multiple source systemsinto the Data Vault, making it available for further analysis throughout theenterprise. This is what agile business leaders need to accelerate their timeto market, cut the complexity and reduce project risks.” Vaultspeed’s customer base rangesfrom California (Department of Health of Santa Clara County) across Europe toJapan (Olympus). The rise of microservices driving the multiplication ofdistributed data sources, the move to the cloud, the increasing volume of dataand degree of change and the scarcity of qualified talent stimulateorganizations to respond faster and smarter, increasing the demand forautomated data warehousing solutions. Vaultspeed recently signed aglobal deal with the Japanese multinational Olympus who will be building regionalas well as global data integration platforms in order to make faster and betteruse of their enterprise data and improve their customer-driven solutions forthe medical, life sciences and industrial industries. By bringing Vaultspeed into the process,Olympus can now create faster and better integrated insights on their SAP dataand non-SAP data which was not possible before. Duco Sickinghe, Managing Partnerat Fortino Capital: “We have seen a rapidly increasing traction for data vaultsover the past years and are truly excited to support Piet De Windt (CEO) andDirk Vermeiren (CTO) in accelerating their growth. Vaultspeed’s data warehouse automation tool plays a crucial role inhelping customers increase their agility, while responding to strongtime-stamping, auditability and traceability requirements.” Wim Bijnens, partner at CoFoundry: “We haveseen Vaultspeed evolve from an idea into a prototype on to a proof of conceptwith some of our key customers in Belgium. Today, Vaultspeed is ready to scaleup and deliver value to business leaders all over the world. With enthusiasmand belief in a great future for Vaultspeed, we are pleased with the support ofFortino Capital in this exciting scaling phase.” With the additional funding,Vaultspeed will look to further scale its organization and invest in its bestof breed product in order to serve and expand its international customer base.Piet De Windt, CEO of Vaultspeed: “Vaultspeed’s cloud-based product is platformagnostic and integrates with top-tier tools in the data integration ecosystem.We strive to bring the best value and technology to our customers leveragingour strong and growing partner ecosystem. We are happy to onboard Fortino Capitaland look forward to entering Vaultspeed’s next development phase together.” About Vaultspeed Vaultspeed is a Belgium-based software company. Its data warehouse automation solution speeds up the process of data integration through a best in class tool built on the Data Vault 2.0 methodology. More and more companies worldwide rely on Vaultspeed to simply build and maintain their enterprise data hub. The tool connects with most popular ELT(ETL)-tools, source, target technologies and orchestration engines. For more information, please visit www.vaultspeed.com About Fortino Capital Partners Fortino Capital Partners is a Benelux-focused B2B software investor with a pan European reach. Fortino Capital invests in both Venture Capital and Growth private equity assets. With offices in Antwerp and Amsterdam, Fortino Capital’s investment portfolio includes Teamleader, Insided, MobileXpense, Efficy CRM, iObeya and Oqton among others. For more information, please visit www.fortinocapital.com About Cofoundry With a passion for innovation, The CoFoundry helps entrepreneurs transform their ideas into sustainable companies by funding them in a seed stage and by coaching them in the growth process. Embedded in the ecosystem of The Cronos Group, The CoFoundry has access to a wide network of relevant technology players. For more information, please visit www.thecofoundry.co Media Contact:
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