Belfast firm Automated Intelligence secures £1.6m investment

  • Kernel Capital leads the funding round in the local data management software company with £750K investment.

    Belfast-based Automated Intelligence has received a cash injection of £1.6m from private equity funding.

    Automated Intelligence has developed a data management platform AI.DATALIFT, giving customers insight and control over their ever-increasing volumes of data.

    This is now a vital component of many significant UK organisations’ information governance frameworks with clients including DEFRA, Crossrail and NHS Trusts.

    The investment comprises of £750K investment from The Bank of Ireland Kernel Capital Growth Fund (NI), which was designed to help SMEs in Northern Ireland to accelerate their growth.

    A Microsoft Gold Partner, Automated Intelligence is working with and delivering Microsoft technology solutions to organisations across various industries such as Banking, Government, Professional Services, Utilities and Health.

    “We have high expectations over the next 12 months and we believe we are poised to take advantage of the hard work we have been doing over the past number of years," said Automated Intelligence's CEO Simon Cole. "The beauty of our product set is that it is not vertical-specific; we can help all customers in all sectors in all industries with their data management challenges.

    "From a company perspective that’s going to require growth, in terms of technical capability as we embrace more technologies and expand our use of machine learning and artificial intelligence, and we will use this investment to facilitate this key growth and to increase our market impact.”

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    Allen Martin, a Partner at Kernel Capital added: “Kernel Capital is pleased to continue its support of Automated Intelligence by leading this £1.6M investment round.

    "Following on from our initial investment in 2017, the Company has successfully secured a number of high value contracts with new blue chip clients and expanded its strategic partner base. This investment will allow the Company to build upon that success.”

    Source: Written based on press release

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