Citi has agreed a strategic investment in metadata management firm Solidatus.

Under the terms of the deal, the London-based startup, which launched in 2017, will provide its platform internally at a global enterprise level.

The strategic investment from Citi is the first major investor in the company, and will help fuel Solidatus’ expansion across the US and Asia Pacific region, as well as increase penetration of its enterprise data platform across non-financial sectors.

The platform delivers insight and enhances control of complex data across operational and technological ecosystems.

Stuart Riley, global head of operations and technology for Citi’s Institutional Clients Group, said: “Our partnership with Solidatus will bring state-of-the-art technology to enhance our data ecosystem - it’s critical we understand our organisational data flow to enable us to deliver efficiently to our clients.”

Philip Dutton, co-founder of Solidatus, added: “Securing investment from an organisation with the stature of Citi is a tremendous statement of intent for the business, especially at such a key point in our evolution.

"We are pleased to have them play a key role during this pivotal growth stage and look forward to continuing to be a vital component of their digital transformation journey and beyond.”

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