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0.000247917493058367 -0.000297500991669984 -0.00128917096390317 -0.00054541848472835 -0.000694168980563342 0 -0.000942086473621567 0.00119000396667993
Stock impact report

Datamaran Secures $33M Growth Financing from Morgan Stanley Expansion Capital; More Than Doubles ARR Since Series B

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
Company Research Source: Business Wire
LONDON & NEW YORK--(BUSINESS WIRE)--Datamaran announced today the completion of $33 million in Series-C financing from investment funds managed by Morgan Stanley Expansion Capital, validating its global leadership in the ESG software market.The proceeds will be used to accelerate growth in the U.S and Europe and further advance initiatives in generative AI.In the 18 months since its last funding round, Datamaran has more than doubled its subscription revenue, fueled by rapidly increasing demand for its ESG governance and risk solutions from C-Suite executives. The company’s software platform allows clients to monitor over 400 external risk factors and transform ESG compliance from a cost center into a value driver.“As a 10-year-old company, we are the trailblazers in strategic ESG, and this investment will enable us to stay at the forefront of innovation in AI-powered software to serve our clients’ growing needs,’’ said Marjella Lecourt-Alma, CEO and Co-founder of Datamaran. “With Show less Read more
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