London-based Adarga, an AI software platform, announced on Thursday that it has secured $20M (approximately €18.4M) in a new funding round led by BOKA Group.
Adarga says the capital injection will allow it to accelerate growth as it addresses the critical need for defence, national security, and commercial organisations through its AI software to quickly interpret the ever-growing volume of worldwide information sources.
Adarga Founder and CEO, Rob Bassett Cross MC, says, “I’m delighted that we’ve secured funding to drive the continued development of our product and delivery of our mission. To have attracted investment now is a strong testament to the urgent need and overwhelming demand for our ground-breaking information intelligence tools to augment decision-making.”
“I’m immensely proud of the company-wide sense of purpose that’s inspiring powerful AI innovation to strengthen our national security and increase commercial customers’ resilience in today’s complicated threat landscape,” adds Bassett.
Adarga: Specialising in information intelligence
Founded by Rob Bassett Cross MC, Adarga is an artificial intelligence (AI) company specialising in information intelligence.
The company’s Knowledge Platform enables public and private sector companies to extract invaluable insights from vast repositories of internal and open-source information.
By connecting and analysing millions of data points within their contextual framework, Adarga enables companies to understand complex data sets.
Equipped with advanced interrogation tools, the Knowledge Platform significantly accelerates research, reporting, and situational analysis for analysts, researchers, and planners.
The platform is designed to create more time for specialist human analysis and increase output speed and quality.
This enables organisations to identify threats more quickly, mitigate risk, and gain a competitive edge.
Over the past year, Adarga has experienced significant growth, nearly doubling in size.
Consequently, the company has expanded into Australia and the USA.
While its origins lie in defence and national security, Adarga has also made significant strides in the wider public sector. It has secured contracts with leading multinational enterprises.
The underlying technology behind the knowledge platform is natural language processing, machine learning, and network science.
The investor
US-based BOKA Group focuses on category leaders across the deep tech sector, including cutting-edge technologies that advance military and commercial markets.
BOKA Group’s managing director John James says, “Adarga serves some of the world’s most demanding customers, providing essential strategic capability that meets their deep and mission-critical requirements to make sense of vast and disparate information. We are proud to support their vital work as they spearhead the market with world-class AI technology that genuinely sets them apart from other players in the industry.”
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