Digital Contact raises $3.8m to “turbo-charge” big data tech
Analytics start-up has gained backing from CEO's of Cavendish Ware, Williams & Glyn and WPP's HealthWallace
Early-stage big data analytics company Digital Contact has secured $3.8m from a high-profile group of investors from the finance industry including Cavendish Ware CEO Adrian Ware, Williams & Glyn CEO John Maltby, and Dave Wallace, CEO of HealthWallace Ltd – part of WPP Group.
Based in Rochester-upon-Medway, Digital Contact has created a big data engine which can process more than 250,000 messages per second and search for any topics or conversations taking place online about a particular company or subject to break the data down into useful insights.
It will use the finance to invest in new technology to launch its first product Trading.co.uk; a free business-to-consumer financial services tool which enables traders to monitor financial news and live stock prices.
Digital Contact CEO, Gareth Mann, said: “This funding is a huge boost, and will go a long way to cementing our position as a leader in big data products and services.
“We’re now in a position to move forward with our solution, to refine and improve our offering and translate the mass of information out there into something tangible that businesses can work with.”