Sentience becomes first disruptive technology start-up to secure funding through new incubator programme
Big Data firm signs £500,000 deal with SeedCloud team and undisclosed angel investors
Sentience Technology has closed a £500,000 investment deal through newly launched incubator programme for ground-breaking technologies SeedCloud.
Founded in 2011, Sentience relies on Big Data to provide a search engine for businesses, enabling employees to access data from across the company.
Set for launch this year, the start-up has been named as the first company to receive investment through SeedCloud, developed by managing partner at Notion Capital Stephen Chandler and ex-CTO of HP Graham York.
The London-based incubator, which is designed to nurture start-ups from the earliest idea stage through to fast growth, matched Sentience with a group of high net worth individuals to secure the £500,000 investment, to which the SeedCloud team contributed a “meaningful sum”.
Graham York, CEO of SeedCloud commented on the new programme, which aims to back innovative tech companies focused on areas including Big Data, cloud computing and machine learning.
He said: “The enterprise software space is going through a period of exciting transformation, and SeedCloud aims to back companies with potentially game-changing ideas in this space.”