HData

What HData does

HData, founded in 2018 by Hudson Hollister (drafter of the federal DATA Act) and headquartered in Birmingham, Alabama, operates an AI-native regulatory technology platform purpose-built for the U.S. energy sector. The company ingests, structures, and analyzes regulatory filings — primarily FERC and state public utility commission documents — using proprietary XBRL-based ingestion, a domain-specific large language model, and a corpus of more than 20 million citable regulatory documents and over 30,000 FERC filings dating to 2011. Its product suite comprises Regulatory Intelligence (AI-powered search and monitoring with AI Citations), Regulatory Analytics (visualizations and benchmarking), Data Request Management (an AI workflow for handling regulatory data requests and discovery), and the Private Catalog (which lets customers query their own internal documents alongside the public regulatory corpus). Capabilities span generative AI, NLP, anomaly detection, and multimodal document parsing, and the platform is SOC 2 Type I certified.

The company sells primarily through enterprise SaaS subscriptions, supplemented by API and data licensing, and serves a 200+ customer base that spans large investor-owned utilities (NextEra Energy, PG&E, Southern Company, Alabama Power, TECO Energy), midstream operators (Energy Transfer, Boardwalk Pipelines), water utilities (via the California Water Association partnership), state regulators (PUCN, NMPRC), advisory and law firms, and financial institutions. Distribution is reinforced through partnerships with complementary platforms such as IFS Copperleaf, embedding HData inside utility capital planning workflows. In July 2025 HData acquired Insight Engine to deepen state-level coverage, and in October 2025 it divested its HData Compliance product line to Systrends in order to focus on the core regulatory intelligence, analytics, and data request platform.

HData has raised approximately $13.1 million+ in disclosed venture funding, including a $3.1M seed in 2021, a $10M Series A led by Buoyant Ventures in March 2024, a $2.137M bridge in 2025, and a follow-on from MassMutual Ventures in January 2026. The company employs between 11 and 50 people and is led by founder/CEO Hudson Hollister with recent senior additions including CFO Matthew Rolnick and executives John Savage, Rajesh Arora, and Laura Zizzo in 2026.

Name

HData

Legal name

HData, Inc.

Website

https://hdata.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

HData is an AI-native RegTech platform that digitizes, analyzes, and automates U.S. energy regulatory data for utilities, midstream operators, water utilities, regulators, and advisory firms, serving 200+ customers with citable intelligence on FERC and state filings.

Ownership category

akta.pro rank

Product category

Energy Regulatory Intelligence Software

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210), Custom Computer Programming Services (541511)

SIC

Services-Computer Processing & Data Preparation (7374), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Data & Analytics Platforms (Data Warehousing, Lakes, Streaming) (HDABAAAF)

akta.pro secondary industry

Responsible AI, Security & Privacy Platforms (Safety, Guardrails, PII) (HDAEANAG)

Keywords

• Regulatory intelligence platform
• Energy regulatory data
• FERC filing automation
• Regulatory analytics software
• Utility compliance software

Headquarters

HQ city

Birmingham

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Infrastructure, Operations

Revenue model

1. SaaS Platform Subscription: Subscription-based access to HData's AI-native regulatory intelligence platform including Regulatory Intelligence, Regulatory Analytics, and Data Request Management applications
2. API and Data Licensing: Enterprise API product enabling technology partners to access HData's regulatory data including dockets, FERC filings, and rate cases as standalone data product

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

HData operates an AI-native regulatory intelligence platform for the U.S. energy industry. The platform centralizes digitized federal and state regulatory filings (FERC, EIA, state commissions) and applies generative AI to enable natural-language querying, regulatory analytics, automated FERC compliance reporting, and management of data requests in energy regulatory proceedings. It is sold as enterprise SaaS to utilities, pipeline operators, state regulators, and energy professionals.

Product overview

HData operates as a unified RegTech platform—a single AI-native operating system for energy regulation—combining data management, domain AI, and purpose-built applications. The platform comprises the core HData Platform as the central infrastructure, with Regulatory Intelligence (AI-powered document location and monitoring) and Regulatory Analytics (visualizations and raw data insights) as primary product lines. Compliance and Data Request Management function as workflow automation add-ons. Regulatory AI serves as the proprietary AI engine powering natural language querying across the platform. The Private Catalog enables AI-powered analysis combining public regulatory data with customer-uploaded private documents. HData Insights provides business intelligence benchmarking. The platform serves utilities, regulators, advocates, advisory firms, corporates, and energy technology companies across power & utilities, midstream energy, water, and financial institutions sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Data Request Management: AI-powered application that automates the manual process of handling data requests in U.S. energy regulatory proceedings
• Regulatory Intelligence
• Regulatory Analytics
• HData Compliance

Products and services

• HData Platform AI-native operating system for energy regulation that centralizes regulatory filings from authoritative public sources alongside customer-integrated data, powering regulatory intelligence, analytics, compliance, and workflow automation for utilities, regulators, and energy professionals.
• Regulatory Intelligence AI and automation solution to locate, monitor, and interact with federal and state regulatory documents including rate cases, commission orders, and FERC and EIA filings. Features natural language querying, regulatory monitoring, and customizable alerts for energy professionals.
• Regulatory Analytics Business intelligence gateway providing visualizations and raw data for gaining insights across the energy industry, peer groups, or organizations. Offers customizable benchmarking and raw data linked to federal and state regulatory sources.
• Regulatory AI Proprietary AI technology that enables natural language querying of public FERC filings and customer-uploaded documents. Provides quick and accurate answers with citations, supporting policy research, rate cases, and financial analysis across the HData platform.
• Data Request Management Purpose-built AI application that automates the manual process of handling data requests in U.S. energy regulatory proceedings. Includes end-to-end workflow, configurable database, centralized historical records, tracking and routing of discovery requests, and AI-powered response drafting for utilities managing high volumes of discovery.
• HData API External API product enabling enterprise technology partners to programmatically access HData's regulatory data including dockets, FERC filings, and rate cases. Includes entity taxonomy, identifier standards, payload structure, freshness guarantees, and provenance metadata for integration into partner platforms such as IFS Copperleaf.

Quantifiable outcome

• Saves over 500 hours of staff time annually per customer
• +2 more outcomes

Named customers13 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability8 records

Feature5 records

Partnerships

Twelve partnerships are on record, tiered core, key and minor.

• IFS CopperleafcoreTechnology or Integration · 5 June 2026Strategic partnership embedding HData's centralized library of U.S. federal and state regulatory data (rate cases, commission orders, FERC and EIA filings) directly into IFS Copperleaf's capital and asset investment planning platform. Supports utilities in connecting regulatory data to defensible capital plans amid trillion-dollar infrastructure investment.
• California Water AssociationkeyStrategic or Co-development Partner · 11 December 2024New collaboration allowing water utilities to research, analyze, and make decisions on water utility proceedings using HData's platform.
• New Mexico Public Regulation CommissionkeyStrategic or Co-development Partner · 30 May 2024Trial partnership providing NMPRC staff access to advanced AI-based platform to track utility finances and extract intelligence from millions of pages of forms and filings. Aligns with agency's strategic plan to modernize technology and management tools.
• Energy TransfercoreStrategic or Co-development Partner · 1 December 2023Collaborative design project granting instant access to vital gas pipeline insights. Energy Transfer Regulatory Affairs team deployed HData platform enterprise-wide with active users integrated across offices, saving time on data analysis and creating customizable models, regional comparisons, and interactive visualizations from FERC and EIA data.
• NextEra Energy TransmissioncoreStrategic or Co-development Partner · 1 November 2023Strategic partnership to deploy HData's analytics, AI platform, and alerts for regulatory data analysis in the electric transmission industry. Automates monitoring of transmission-relevant keywords and alerts on federal and state dockets. Projected to save over 500 hours of staff time annually.
• The Wired GroupkeyChannel Partner/ Reseller/ Distributor · 28 September 2023Energy consulting firm leveraging HData's platform to bolster regulatory testimony and drive industry studies for distribution utility clients.
• Legend Consulting GroupkeyChannel Partner/ Reseller/ Distributor · 28 September 2023Consulting engineering firm integrating HData's insights to offer comprehensive energy and regulatory data analysis to electric and natural gas utility clients.
• SAP.iO Foundry MunichminorGTM or Marketing Partner · 27 September 2023Selected for SAP.iO Munich Sustainability and Energy Management cohort, a five-month virtual startup program providing mentorship, access to SAP technology and APIs, and exposure to SAP customers.
• TECO EnergykeyStrategic or Co-development Partner · 15 September 2023Partnership to digitize Florida's utility regulatory information for the first time, providing immediate access to crucial financial and operational insights for TECO Energy and other HData customers.
• Southern CompanycoreStrategic or Co-development Partner · 6 June 2023AI pilot program with subsidiaries Alabama Power, Georgia Power, Mississippi Power, and Southern Company Gas to explore benefits of Regulatory AI in Regulatory Accounting, Accounting, Finance, and Treasury departments.
• Boardwalk PipelineskeyStrategic or Co-development Partner · 13 October 2022Business intelligence design initiative to deploy HData's energy regulatory data platform enterprise-wide and design new solutions for gas pipeline customer contract data analysis, allowing industry to track contractual relationships across federally-regulated gas infrastructure.
• Public Utilities Commission of NevadacoreStrategic or Co-development Partner · 24 August 2022First state utility commission in the nation to receive, analyze, and act on HData's regulatory data analytics platform, enabling instant benchmarking and enhanced utility oversight.

Scale indicators4 records

Recent moves7 records

Expansion highlights7 records

Direct peers

• Energy Aspects: Energy Aspects is an independent energy research firm offering data, analytics, and forecasting across oil, gas, and power markets. Comparable to HData because both sell subscription intelligence to energy traders, utilities, and analytics teams, with overlapping coverage of regulatory and market data.
• Enverus: Enverus is a SaaS data and analytics platform for the energy industry, including upstream, midstream, and power markets. It is a direct competitor because both companies sell energy-domain data and analytics to utilities, pipelines, and energy companies, overlapping heavily with HData's midstream and regulatory analytics offerings.
• RBN Energy: RBN Energy provides subscription-based analytics and reporting on North American oil, gas, NGL, and power markets, including pipeline and regulatory content. Comparable to HData because both target midstream and regulatory professionals with deep energy-domain data and analysis subscriptions.
• Utilicast: Utilicast provides utility regulatory analytics, rate-case management, and strategic advisory software for electric, gas, and water utilities. It is a direct peer because both companies focus on regulatory workflow automation and analytics for utility regulatory affairs teams.
• Verdeeco: Verdeeco provides a utility data analytics platform for electric, gas, and water utilities, including AMI/IoT and operational analytics. Comparable to HData because both sell data-platform SaaS to regulated utilities, though Verdeeco focuses on operational metering data rather than regulatory filings.

Broad incumbents

• Wood Mackenzie: Wood Mackenzie (a Verisk business) is a global energy research and consultancy firm with deep datasets across power, renewables, and oil & gas. Comparable to HData because both sell subscription intelligence to utilities, regulators, and investors, though Wood Mackenzie operates at a far larger scale and broader geography.
• S&P Global Commodity Insights: S&P Global Commodity Insights (formerly Platts) is a dominant energy and commodities data, pricing, and analytics provider. It is a broad incumbent comparable to HData because it owns FERC/market data franchises and serves the same utility, regulatory, and energy-customer segments, though with a much larger portfolio.
• BloombergNEF: BloombergNEF provides energy and climate research, data, and analytics to investors, corporates, and policymakers. It is a broad incumbent comparable to HData because both serve financial institutions, utilities, and large energy customers with subscription-based regulatory and market intelligence.

Emerging players

• Vantage Power: Vantage Power offers data and software solutions for energy and transport sectors, including regulatory and emissions analytics. It is an emerging player with partial overlap to HData in regulatory-grade energy data, though primarily focused on transport electrification rather than utility rate regulation.

Others

• Palantir Technologies: Palantir builds enterprise data integration and AI platforms (Foundry, Gotham) used by energy companies, regulators, and large institutions. It is adjacent/emerging comparable to HData because utilities could in theory use Palantir to replicate parts of HData's regulatory intelligence stack, though Palantir is not a vertical regulatory-data specialist.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds6 records

Investors12 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HData