Adarga secures £2m Series A follow-on investment from Moore Strategic Ventures to scale its software platforms.
The £2m injection brings Adarga's total Series A fundraising to £7m following previous backing led by Allectus Capital.
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 £2m in a Series A follow-on funding round from Moore Strategic Ventures, bringing its total Series A raise to £7m. The company previously raised £5m in a round led by Allectus Capital, with additional backing from existing and new investors.
The fresh capital will be deployed to expand Adarga's data science and software engineering teams, accelerate research and development, and drive the rollout of its software platforms in the UK and international markets.
Investor perspective
"We are pleased to be investing in Adarga and look forward to supporting the Adarga team as it continues to build out its software products adarga_engine™ and adarga_bench™."
Nick Haskins
Moore Strategic Ventures
Use of funds
- 01Grow the team
- 02Fund research and development
- 03Expand into international markets
Investors
Categories
About the company
Adarga
Adarga builds artificial intelligence software for information intelligence and threat analysis.