Data intelligence platform Ripjar, founded by former GCHQ engineers, has raised an undisclosed sum from Winton Ventures, the VC capital arm of the Winton Group.
The firm, headquartered in Cheltenham, allows organisations to explore, visualise and prioritise real-time information from bulks of structured and unstructured data.
To do so, the firm applies natural language processing, machine learning techniques and visual analytics.
Tom Griffin, CEO of Ripjar said in a statement: “Data capture and analysis is becoming increasingly important to the day-to-day operations of organisations of all sizes. There is a need for new, advanced tools that facilitate this process and, consequently, enable organisations to focus their own resources elsewhere.
“Winton’s backing will play a vital role in our continued strategic growth ambitions and enable us to increase our customer base across a variety of new business verticals,” he added.
Owen McCormack, director of Winton Ventures, commented: “We are excited by the potential of Ripjar’s profound data analytics knowledge, which is a central component that underpins and complements our own business, previous investments and partnerships.
“Ripjar’s specialist and highly experienced team and access to a further pool of deep talent puts them ahead of competition in this incredibly exciting market. We are confident that Ripjar will emerge as a market leader in the near future,” concluded the director.
The news comes after Winton Ventures participated in cybersecurity software company Panaseer’s $2.25m seed investment round in November last year.