CIBC Innovation Banking has backed the customer marketing platform to support product development and North American expansion.
"We are excited to be supporting Ometria at such an important stage of growth. The company has a tremendous opportunity ahead, thanks to the platform's leading-edge AI capabilities. The CIBC Innovation Banking team is looking forward to supporting Ometria in its continued growth journey."
— Thomas Dods, Director at CIBC Innovation Banking's European Office
Snowflake Ventures joins existing backers to support the delivery of granular market data on the cloud.
"We are very excited to have secured strategic investment from Snowflake Ventures. They are backing, and are aligned with, our mission to democratise access to high quality, large-scale historical data because BMLL’s data and analytics is one of the best use- cases for large-scale, financial market data in the cloud. Financial market players, including Snowflake’s customers, do not need to dedicate time and precious resources to engineer these large unstructured data sets to make them usable, and store unusable data in the cloud, over and over again. The cost and collective inefficiency of every organisation doing this themselves, is simply eye watering. We make our vast warehouse of curated Level 3 data and analytics readily available to the market and ultimately ensure that everyone can optimise their data capabilities. Clients differentiate themselves by what they do with this data, not by owning it."
The Dundee-based startup has raised £150k from the British Design Fund to accelerate product development and enter new markets.
"When I saw the statistic I was shocked and the more I looked into it the more I saw the potential for solar heating to solve the problem. But there were many design challenges to overcome, if we were to make a solution that was both accessible and affordable. We knew that any technology we produced had to not only work successfully in different climates but also be very easy to transport and fit."
The Nottinghamshire startup raised the capital from Kero Development Partners and the British Design Fund to take its in-wheel suspension prototype to market.
"It’s fantastic to have British Design Fund, Kero and our other investors on board. This funding will allow us to push forward with the next step in our growth plans and in taking our prototype to market."