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.