Anthony Cosgrove, CEO of Harbr, has been working with data for over 15 years. As a result, he senses some of the problems associated with merging data and makes it easier for others to consume it internally or externally. Like many entrepreneurs before him, he decided to start a business to solve this problem, and today it came from the hidden.
Cosgrove explained that data platforms had had several problems in the past. "You were too slow. You were too expensive and too risky, and when you got the data, you were working in a silo where nothing was really repeatable that you did for others in your company, ”he said.
Cosgrove started Harbr because he saw a lack of tools to help with these problems. "We wanted to create an environment where companies could share their data, collaborate on that data, and create new versions of that data that were really optimized for specific use cases," he said.
The company is currently concentrating on large data providers and is helping them to pack and monetize the data they produce more efficiently as a company. However, Cosgrove sees a time when he could help other companies that produce data as a by-product of doing business in monetizing that data more easily.
He says that these big data companies generally lack the flexibility to pack data in a way that makes sense for every customer, and their company's product should help to solve this. "They can work directly with their customers to no longer send data, but to sell services, models, or insights what customers really want," he said.
Another unique aspect of the tool is that it is a real platform, which means that you are not limited to just the data in your system. You can also merge other data sources. This could lead to even more interesting ways to package the data for customers.
The company started in London in 2017 and spent some time developing the product. The company recently opened offices in the United States and currently employs 30 people across the two locations. The start-up capital managed by Boldstart Ventures was raised in the amount of USD 6.5 million .