Big bank-backed Data Republic collapses after failed funding roundYolanda RedrupReporterMay 7, 2021 – 8.57am
Big bank-backed local data sharing start-up Data Republic has collapsed, with its 60 staff likely to be its largest creditor.
The business, which was founded in 2014 by Danny Gilligan and Paul McCarney, has a register of big-name investors including ANZ Bank, NAB Ventures, Reinventure and Singtel Innov8.
Danny Gilligan’s Data Republic has been placed in voluntary administration.
The firm created digital infrastructure that lets companies exchange data safely and securely, when wanting to share insights on their customers, or deepen relationships and form new partnerships.
Its technology allowed customer data to be shared without personal information leaving the environment of the organisation doing the sharing.
Its flagship products were Data Sandbox and Data Fusion Studio.
The company has appointed Barry Kogan, Robert Smith and Jonathan Henry of McGrathNicol as the voluntary administrators.https://www.copyright link/technology/big-bank-backed-data-republic-collapses-after-failed-funding-round
Ann: STRATEGIC ACQUISITION OF DATA REPUBLICS TECHNOLOGY ASSETS, page-7
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