Amadeus Capital Partners has provided Series A funding to HAT Data Exchange, the technology company behind the Hub of All Things personal data exchange.
HAT technology enables people to interact securely with businesses on the internet by creating private data accounts where they can store their personal data, which they own, access and control.
HAT Data Exchange is also strengthening its board alongside the investment with the appointment of industry experts including Humayun Sheikh, the founding investor of DeepMind, a British artificial intelligence company.
Paul Tasker, CEO of HAT Data Exchange, said: “Our new advisory board and funding will be used to encourage technology-forward companies around the world to move their customer relationships and technology to the progressive safety of a privacy-preserving infrastructure of private data accounts capable of exchanging and transacting on a real time, on demand basis. A new investment fund and technology accelerator will follow to start building apps from messaging to social media on the HAT open innovation platform, engaging with public and private-sector champions to encourage the spread of this data sharing economy.”
Alex van Someren, Managing Partner of Early Stage Funds at Amadeus Capital Partners, added: “In addition to giving individuals the opportunity to control and benefit from access to their personal data – a key issue for today’s consumer – HAT private data accounts can be integrated in any app, potentially reducing cybersecurity and personal data containment risks for developers. We look forward to supporting the Hub of All Things in its next phase of growth.”