Supporting Data Intelligence Advancements: Our Investment in Ohalo

Investment: Ohalo

Investment Type: Growth Capital

Investment Amount: £2.8m

Sector: Technology

Being able to manage large volumes of data is a pressing need for many organisations across the world today. And this requirement is gaining impetus.

Research shows that by 2025, the amount of data generated, gathered, copied, and consumed globally will reach 180 zettabytes* (one zettabyte is approximately equal to a trillion gigabytes). Up to 80% of this is unstructured data.

Failing to get a handle on unstructured data can open organisations up to data security and regulatory risk. At the same time, mining its potential can boost efficiency and help enterprises thrive.

For an organisation to address the situation themselves would be a mammoth undertaking, however. The task needs expert handling – and this is where Ohalo, YFM’s latest investee business, can step into the breach.

An unstructured data intelligence company, Ohalo was founded to provide data discovery, classification, and sensitive data redaction via one source. Its ground-breaking data governance software platform, is designed to mitigate the likelihood of data theft, leakage, and non-compliance and enables organisations to map, classify, redact and monitor potentially billions of unstructured data files at rapid speed.

With market demand for data compliance and data security increasing day-by-day, Ohalo has achieved strong growth and now leads unstructured data management for some of the largest and most secure organisations in the world, including global banks and the UK Home Office.

Headquartered in London and with a U.S office in Atlanta, Georgia, the company is primed to build upon its international client base and, with YFM’s backing, lead the unstructured data intelligence vanguard. It’s blueprint for success relies on several standout qualities.

Tech Innovation

Ohalo’s Data X-Ray platform was developed to help organisations create order out of data chaos. Its state-of-the-art tech provides data discovery, classification, monitoring and remediation, at lightning-fast speed and with unparalleled accuracy. Designed to be ultra user-friendly, it can connect to 1000s of data sources and enables quick reporting. The product can also be adapted to anticipate evolving data management needs and has recently been enhanced with the ability to help organisations accelerate and risk manage Generative AI adoption.

Market Responsiveness

Ohalo is operating in a burgeoning marketplace, which is subject to increasing demand. It is estimated by Gartner that 20% of all organisations will use software to monitor and control their unstructured data by 2026.

From the outset, Ohalo has anticipated and responded to this demand. The company’s founding, in 2017, came in response to a number of converging 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 the GDPR regulations that emphasised the importance of proper data handling; and growing concern about cyber-security risks.  Ohalo leveraged the latest advances in AI and machine learning to provide a solution and open up new possibilities for automating the discovery and categorisation of unstructured data.

With YFM’s investment there is now significant opportunity for Ohalo to capitalise upon ever-expanding demand for the company’s offering.

Driven Team

The Ohalo team not only possesses a wealth of highly specialised knowledge, it also demonstrates the level of drive required of an internationally successful business. Its leaders embrace continuous innovation and are focused on harnessing the brightest minds in data management and engineering to support continuous evolution and improvement.

By strengthening these foundations, with an injection of growth capital, Ohalo can continue to build a company for the long term.

*https://www.statista.com/statistics/871513/worldwide-data-created