Adarga raises £5m Series A funding led by Allectus Capital to scale software rollout and expand teams.
Allectus Capital led the Series A round to support team expansion and platform deployment.
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 £5m in a Series A funding round led by Allectus Capital, with participation from new and existing backers. The capital will be deployed to expand the company engineering and data science teams, drive research and development, and scale the rollout of its software platforms.
The business focuses on supporting critical decision-making for defence, security, and public sector stakeholders grappling with large volumes of unstructured data. Founded by sector specialists, Adarga aims to solidify its market position and extend its reach into new commercial sectors following this latest injection of capital.
From the founder
"With the completion of this round, Adarga is focused on consolidating its competitive position in the UK defence and security sector. We are positioning ourselves as the software platform of choice for organisations who cannot deal effectively with the scale and complexity of their enterprise data and are actively seeking an alternative to knowledge intensive human processes. Built by experienced sector specialists, the Company has rapidly progressed a real solution to address the challenges of an ever-growing volume of unstructured data."
Rob Bassett Cross
Founder and CEO at Adarga
Investor perspective
"Adarga has developed a world class analytics platform to support real-time critical decisioning by public sector and defence stakeholders. What Rob and the team have built in a short time is a hugely exciting example of the founder led, disruptive businesses that we like to partner with – especially in an ever-increasing global threat landscape. We are looking forward to supporting Adarga in growing their core business but also capturing significant opportunities in other verticals"
Matthew Gould
Head of Emerging Technology, Allectus Capital
Use of funds
- 01Grow the team
- 02Fund research and development
- 03Expand into international markets
Investors
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About the company
Adarga
Adarga builds artificial intelligence software for information intelligence and threat analysis.