Zegami raises £1.25m to advance visual data tech
Oxford University spin-out Zegami has raised £1.25 million in equity funding to continue developing its next-generation data visualisation platform, reports Jane Connolly.
The round was led by RT Capital Management and the Oxford Technology and Innovations EIS Fund, with participation from existing investors Oxford Sciences Innovation and Oxford University Innovation.
The augmented intelligence company will use the funds to advance the development of its data visualisation technology, which aims to enable organisations’ entire workforces to understand and engage with data.
“Over the last few years Zegami has been developing a cutting-edge visual data exploration platform to democratise data analytics, enabling people to make sense of the tsunami of data available today,” says Samuel Conway, Zegami CEO and co-founder.
“Our focus is now on the commercialisation of the software, working with commercial partners like LiveTiles and Microsoft to take the product to the world. By democratising data, Zegami will enable people to realise the potential of data for their organisation – whether it be commercial, academic or government.”
Since spinning out from the university in 2016, Zegami has attracted 35 clients and collated successful case studies across the fields of healthcare, art, social media and HR.
Zegami claims that its platform has increased efficiency for clients by saving on average two hours per worker, per day, when using effective visual search and analysis.