The seed round was led by Fuel Ventures to support research and development and international expansion.
"I spent 14 years as a medical researcher, and I would spend hundreds of hours copying data from one system to another. The back-office process is completely broken. When you multiply this across the industry the costs for patients and research institutions are astronomical."
Guidepost Growth Equity has led a £42m minority investment in Kaizen to accelerate product development and North American expansion.
"We are delighted to be partnering with Guidepost as we enter a new chapter in our evolution. Guidepost has a great track record in helping firms reach their full potential and their investment and partnership will enable us to build and enhance our existing technology, deliver new compliance solutions, and drive our expansion into North America. The solutions we offer at Kaizen are designed to help our clients adhere to their compliance obligations in an efficient and cost-effective manner and we look forward to delivering more solutions that do just that."
ECI Partners has acquired a stake in the professional services automation software provider, providing a full exit for NorthEdge.
"We have tracked CMap for a long time and have been hugely impressed by the team, product and market opportunity that the business faces into. The company is well-placed to continue its rapid growth trajectory in the AEC and consulting sectors, both in the UK and globally. We’re ambitious about the future together and are looking forward to working with Dave and the wider team to deliver on that opportunity."
The round was led by Galaxy Interactive with backing from Galaxy Ventures and Unbound.
"AI advancements are rapidly outpacing any AI detectors or retroactive solutions to authenticating content – it’s a losing arms race. Our approach is sustainable, what’s proven to be true today will still be true a decade down the line. We leverage the immutable quality of blockchains to combat AI. By proving content at source, we can guarantee what is human-created and what isn’t. In our minds, purpose built blockchains are the only acceptable solution for trust online in a world of AI."