Data intelligence startup Ripjar has secured an additional £3.75m in funding from existing investor Winton Ventures, the VC arm of the Winton Group.
The news comes after the Cheltenham-headquartered company raised an undisclosed sum little over a year ago.
Founded by former GCHQ engineers in 2012, Ripjar uses natural language processing, machine learning and visual analytics to break down information from bulks of unstructured and structured data.
Tom Griffin, Ripjar CEO, explained what the funding would be used for: “Thanks to the continued investment and support from Winton Ventures, Ripjar will be able to grow globally in 2017, where we will be investing in our vision to create the next generation of threat intelligence for the enterprise.
“Priorities will include expanding Ripjar’s global partner network and sales team, as well as creating a number of problem-centric applications that will build upon the foundations of Ripjar’s core platform,” he added.
As part of the deal, Anthony Daniell, Winton’s vice chairman, will become Ripjar’s chairman.
Nick Saunders, Winton’s COO, said he had been impressed by the startup’s team: “Their Strategic Intelligence platform addresses a growing demand among compliance and information security practitioners to extract meaning from very large and diverse data sets.”