About HData
HData sells a platform for energy regulation. It holds regulatory and legislative filings in one library, which has more than 20 million of them. Its Regulatory AI answers questions from the files a user picks and cites its sources. The platform also has a private area for a customer's own files and a tool to draft answers to data requests from regulators.
HData has 200 customers, including NextEra Energy, PG&E and Southern Company, state regulatory commissions and policy groups. It is SOC 2 Type II certified. HData, Inc. is based in Lockport, Illinois. Hudson Hollister founded it in 2018 and is its chief executive officer. Yuval Lubowich is co-founder and chief product and technology officer.
Funding Rounds (SEC Form D)
| First sale | Filed with SEC | Amount sold | Investors | Avg. check | Terms | Filing |
|---|---|---|---|---|---|---|
| Sep 22, 2026 | Nov 2, 2026 | $4,100,011of $8.0M target | 16 | $256K | Equity, Options, Securities on exerciseRule 506(b) | Form D ↗ |
| Apr 3, 2025 | Apr 16, 2025amended Jun 4, 2025 | $2,137,000of $4.5M target | 19 | $112K | DebtRule 506(b) | Form D/A ↗1 earlier filing |
| Jan 26, 2024 | Mar 6, 2024amended Apr 16, 2025 | $10,033,443fully sold | 25 | $401K | Equity, OptionsRule 506(b) | Form D/A ↗1 earlier filing |
| Dec 7, 2021 | Dec 22, 2021amended Aug 3, 2023 | $7,075,727fully sold | 36 | $196K | Equity, Options, Securities on exerciseRule 506(b) | Form D/A ↗2 earlier filings |
| Apr 21, 2020 | May 5, 2020 | $250,000target not set | 12 | $20,833 | EquityRule 506(b) | Form D ↗ |
| Total, five offerings | $23,596,181 | |||||
First sale is the date the first investor in the offering committed to invest. Companies must file Form D within 15 days of that date, so filing dates run later.
Rounds announced by HData
What the company said publicly about its funding. Announced amounts can differ from Form D figures: an announcement can combine several closings, and some money is raised without a Form D.
| Announced | Round | Amount | Investors | Source |
|---|---|---|---|---|
| Apr 21, 2020 | Friends and family | $250K | Company post ↗ | |
| Mar 5, 2024 | Series A | $10M | Buoyant Ventures (lead), Victorum Capital, Hyde Park Venture Partners, Firebrand Ventures, Revolution's Rise of the Rest Seed Fund, Start Something Ventures, St. Augustine Partners, Techstars, Ascent Energy Ventures, Frontier Ventures, BarronKent, BlueTree Capital, Southwire Technology Ventures, Jemison Investment Company | Company post ↗ |
Why Investors Backed HData
HData sells software for people who work with energy regulation, such as utilities and regulators. Its platform holds regulatory filings in one place and adds an AI tool that cites its sources. HData has 200 customers. Buoyant Ventures led its $10 million Series A in March 2024.
The problem it targets
In the Series A post, chief executive officer Hudson Hollister says most energy regulatory information is still shared as PDFs. He says filings should flow from source systems to the government without manual data entry, and that metrics should link back to the source numbers. HData is working to put this material into its platform and add structure where it can.
What the product does
The HData Library holds regulatory and legislative filings, with more than 20 million of them. The Data Hub is a private place for a customer's own files. Regulatory AI studies up to 400 files at once and cites the file, page and passage for each answer. Data Request Management helps teams answer regulators' requests using earlier responses.
Progress so far
HData has 200 customers, including NextEra Energy, PG&E and Southern Company, as well as state regulatory commissions and policy groups. It is SOC 2 Type II certified. In June 2026, IFS Copperleaf and HData announced a partnership to build a shared library of energy regulatory information, according to TD World.
Who backs it
Buoyant Ventures led the $10 million Series A, announced March 5, 2024, and more than 14 other investors joined. They include Hyde Park Venture Partners, Firebrand Ventures and Techstars. HData began in the Techstars Alabama EnergyTech Accelerator in 2021. Its board includes people from Buoyant and Firebrand.
We wrote this summary from public statements by HData and its investors. It is not investment advice.
HData in the News
Leadership Team
Executive officers and directors listed on HData's Form D filed Nov 2, 2026.
Earlier filings also listed Noraan Sadik (director, last listed Aug 2023).
Sources
- SECHData, Inc. Form D, filed Apr 16, 2025
- SECHData, Inc. Form D, filed Mar 6, 2024
- SECHData, Inc. Form D/A, filed Aug 24, 2022
- SECHData, Inc. Form D, filed Dec 22, 2021
- SECHData, Inc. filing history
- CompanyAbout page on hdata.com
- CompanySolutions page on hdata.com
- CompanyPrivacy policy on hdata.com
- CompanyTerms of use on hdata.com
- CompanySOC 2 post on the HData blog
- CompanyEnergy Central award post on the HData blog