Dextcloud receives strategic backing from Citi to enhance its low code platform for enterprise clients.
"By working with Dextcloud, we are able to develop client-centric solutions at a quicker pace, lower the barriers for our colleagues to develop these solutions, and automate manual tasks that allow our developers to focus on higher valued projects."
— Stuart Riley, Head of Citi's Institutional Clients Group Operations & Technology
International Airlines Group led the syndicate backing the aviation software provider alongside Shell, World Fuel Services and JetBlue Technology Ventures.
"We are thrilled to join a strong consortium of investors to support the growth of i6. The way their proprietary digital solutions enable the end-to-end digitalisation of the aviation fuel supply chain, while solving key friction points, adds tremendous value to their customer base."
Granpool Innovative Investments and Environmental Technologies Fund backed the round, which will support global expansion and technology development.
"The microbiome is a megatrend that is evolving very quickly, and we are the forefront of associated discovery with our unique solution to address the enterprise data challenge. We have our sights set too on other complex data challenges including CRISPR and quantum biological challenges, such as understanding the immune response more fully. The potential is phenomenal, and we are immensely grateful to our supporters for sharing our vision and helping us to scale at this pivotal time."
Hg and TA Associates provided fresh funding to support organic expansion, acquisitions and international growth.
"I’m extremely proud of this year’s outstanding financial results and pleased that our leading investors continue to support us as the company continues to grow and evolve."