Data analytics start-up Ripjar secures “significant investment”
Winton Ventures has backed the intelligence platform as it looks to grow into new verticals
Ripjar, a UK data intelligence start-up, has closed “significant investment” from Winton Ventures – the venture capital arm of the Winton Group.
Founded in 2012 by engineers from the UK government communications headquarters (GCHQ),Cheltenham-based Ripjar enables companies to listen to, analyse and explore relevant data such as emails, voice calls, social data and market information.
The platform applies analytics, such as natural language processing, machine learning techniques and visual analytics, to data sets which helps organisations prioritise and uncover value and meet business objectives by fusing together and enriching the data.
It plans to use the funding to grow into new verticals.
Tom Griffin, Ripjar CEO, said the funding would increase its “customer base across a variety of new business verticals”:
“Data capture and analysis is becoming increasingly important to the day-to-day operations of organisations of all sizes. There is a need for new, advanced tools that facilitate this process and, consequently, enable organisations to focus their own resources elsewhere.”
Winton Ventures director, Owen McCormack, added:
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“Ripjar’s specialist and highly experienced team and access to a further pool of deep talent puts them ahead of competition in this incredibly exciting market. We are confident that Ripjar will emerge as a market leader in the near future.”