# Utopia Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/utopia-global

- Industry: Software
- Headquarters: US
- Website: www.utopiainc.com
- Total disclosed funding: $50M
- Latest round: Series A (May 11, 2012)
- Investors on record: 2

## About

Utopia Global, Inc. is a data management company that specializes in providing Master Data as a Service (MDaaS) solutions to enhance data governance and operational efficiency for asset-intensive businesses.Utopia Global, Inc. was founded in 2003 and is headquartered in the United States. The company operates within the data management sector, focusing on solutions that streamline master data governance for various industries. Utopia was recently acquired by Prometheus Group Holdings, LLC in a transaction completed in October 2020. The key individuals behind the company include founders Aakash Kandpal, Amanuel Desalegn, Anish Pani, among others, with Aakash Kandpal serving as the CEO. The company has raised a total of USD 50.00 mn, with its most recent funding round being a Series A led by FTV Capital on September 15, 2020.Utopia Global, Inc. offers a range of Master Data as a Service (MDaaS) solutions tailored for asset-intensive organizations. Their primary products include MDaaS Capture, which employs Optical Character Recognition (OCR) technology to efficiently gather asset data, MDaaS Enrich that enhances data quality using machine learning algorithms, and MDaaS Sustain, which utilizes artificial intelligence to maintain data integrity and prevent duplicate entries. These solutions are designed for sectors such as manufacturing, pharmaceuticals, energy, utilities, oil and gas, and mining, supporting clients in improving maintenance productivity and asset reliability.Utopia Global, Inc. generates revenue through a subscription-based model for its MDaaS solutions, with clients entering annual or multi-year service agreements. This enables organizations to leverage services such as data cleansing and enrichment tailored to their operational requirements. The company's offerings are integrated into clients' existing enterprise resource planning systems, enhancing operational efficiency and reducing costs.Utopia Global, Inc. plans to leverage the recent acquisition to enhance its MDaaS offerings and expand into new geographic markets. The company aims to further develop innovative products and enhance existing solutions, although specific new product launches and timelines have not been disclosed. The funds from the Series A round will support these initiatives, enabling the company to increase its market presence and continue improving its advanced data management capabilities.

## Funding rounds

- Series A, May 11, 2012, $50M — FTV Capital, Liberty Mutual Insurance Company

## Investors

- FTV Capital (https://capitalatlas.ai/funds/ftv-capital) — Series A
- Liberty Mutual Insurance Company — Series A