Raleigh-based Udu Raises $300,000

11/30/17

A programmable data blending and business intelligence company has raised $300,000, according to a filing Thursday with the Securities and Exchange Commission.

Udu Inc. raised the money from nine investors in the form of equity.

The company, headquartered in Raleigh, finds data that other search engines cannot by connecting to obscure interfaces.

Udu discovers, structures, enriches and delivers data in any format on any schedule the customer requires with its Data-as-a-Service platform.

The company analyzes data found anywhere on the Internet, from social media posts to government databases.

Udu has been led by Chief Executive Officer Rett Crocker since January 2015.

Crocker has designed and developed more than 100 games for mobile devices, computers and video game consoles.

Crocker is also the founder of Z Shift Inc., a software consultancy focused on simulation-based analytics.

The vice president of finance, Andy Kell, was also listed on the filing. Kell previously served as an investment banker with Greenhill & Co. and Bear Stearns Cos.

Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.

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