Dark data startup raises $US1.1M In seed funding

Heureka Software, a US developer that specialises in unstructured data collection, has successfully raised $US1.1 million in seed funding and expects to raise that figure to $US1.8 million in angel funding by year's end.

To date, Heureka has raised a total of $1.95 million.

"This funding is helping us make significant investments in the product development team, so that we have the architectural rigor and engineering craft necessary to develop and release new features very rapidly," said Heureka's VP of Product Development Mark Minehart.

"Heureka Software Version 2.3 clearly demonstrates these investments are already helping accelerate our product momentum and speed to market."

Founded in 2014, Heureka is an enterprise software-as-a-service (SaaS) offering that provides organisations with vital surveillance over the increasing amount of dark data that is prevalent in the workplace.

Dark data represents all electronically stored artefacts and files that are outside of core transaction-based systems and is growing at a rate of 62 percent per year. This unstructured data includes email, presentations, spreadsheets, word processing and a myriad of other electronic files stored on endpoints such as desktops, laptops and servers.

Heureka helps clients meet corporate information governance policies and regulatory mandates and also allows them to mitigate the risks associated with dark data, including the vulnerability of personally identifiable information, intellectual property, corporate strategic information, privacy policy compliance and health records.