LG makes a quick exit after joining DataFleets' $4.5m seed round in October.

LiveRamp, a New York-listed data connectivity service, has agreed to acquire DataFleets, a cloud data platform backed by south Korea-based conglomerate LG’s corporate venturing unit. LiveRamp is paying an undisclosed amount to DataFleets’ data protection capabilities.

David Gilmore, CEO of DataFleets, said: “The synergies are strong, and together we can help global enterprises remove barriers to data access and usage to power insights and innovation across their businesses.”

In October, DataFleets raised $4.5m in its seed round. Venture capital firms AME…

James Mawson

James Mawson is founder and chief executive of Global Venturing.