Adarga raises £17m from Boka Group Holdings to accelerate the delivery of artificial intelligence software.
The investment round was led by Boka Group Holdings to support product development and international growth.
Adarga provides artificial intelligence software that processes large volumes of information to support decision making for defence and commercial organisations. The company operates from London with an international presence.
Adarga has secured £17m in new financing to accelerate the growth of its information intelligence software platform. The investment round was led by Boka Group Holdings, supporting the company as it meets demand from defence and commercial clients handling large volumes of data. The fresh capital will fund product development and expand operations to address complex geopolitical environments.
The firm has experienced rapid growth over the past year, doubling its headcount and establishing an international presence in Australia and the United States. Its technology automates information processing through natural language processing and machine learning, allowing analysts to monitor risks and identify strategic opportunities.
From the founder
"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 the resilience of our commercial customers in today’s complicated threat-landscape."
Rob Bassett Cross
Founder and CEO at Adarga
Investor perspective
"Adarga is serving some of the world’s most demanding customers, providing an essential strategic capability that meets their deep and mission-critical requirements to make sense of vast and disparate information. We are proud to be supporting their vital work as they spearhead the market with world-class AI technology that genuinely sets them apart from other players in the industry."
John James
Managing Director, Boka Group
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
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About the company
Adarga
Adarga builds artificial intelligence software for information intelligence and threat analysis.