The London-based investment fund RLC Ventures led the round, which will support expansion into Mexico and product development.
"The investment round was very smooth. In just three weeks, we secured a deal with RLC Ventures, who were interested in Alloxentric due to its robust technology and large commercial potential. We are excited to partner with RLC Ventures and utilise their extensive global network to grow our business operations,"
The pre-seed round was led by Techstart Ventures to support team growth and product development.
"The digital economy is 22% of global GDP and yet it’s an inside joke that software and IT projects often overrun. Studies have shown that two-thirds of projects have planning failures. That’s a trillion dollar collective failure of our industry."
Lightspeed Venture Partners led the Series D round, which included participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Silicon Valley Bank UK Branch.
"Modern data teams are facing an influx of data from across the enterprise, while under immense pressure to rapidly deliver the actionable insights required to compete in today's digital economy,"