iKVA secures £1.5m in seed funding from Cambridge Enterprise and Crowdcube to roll out its artificial intelligence technology.
The University of Cambridge spinout has raised £1.5m from backers including Cambridge Enterprise and Crowdcube.
iKVA develops artificial intelligence technology that aggregates internal and external organisational data for employees. The spinout was designed to help knowledge-intensive multinational companies manage information more efficiently.
Cambridge University spinout iKVA has secured £1.5m in seed funding to expand the commercial rollout of its artificial intelligence platform. The capital was delivered by Cambridge Enterprise, Crowdcube, and other institutional investors.
The company's software aggregates unstructured data from multiple sources to deliver real-time insights for employees in multinational organisations. The fresh injection of capital will support the company as it targets further technological development and engages with senior corporate decision makers.
From the founder
"Having the ability to surface internal knowledge blended with external sources is now a major priority for large organisations that employ thousands of staff using multiple platforms to store their data, information and knowledge."
Jon Horden
CEO at iKVA
Investor perspective
"We are always pleased to see research outcomes getting turned into commercial operations which will make an impact in the business world. iKVA is no exception to this and is a good example of a venture that is perfectly timed as companies continue to invest in AI tools that will give an edge over the competition."
James Thomas
Senior Investment Associate, Cambridge Enterprise
Use of funds
- 01Continue product development
Investors
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About the company
iKVA
iKVA provides an artificial intelligence platform to locate internal and external corporate knowledge.