Augmented intelligence company Zegami has secured £1.25 million investment.
Spun out of Oxford University in 2016, Zegami allows users to easily filter, tag and sort data by presenting it in an intuitive, engaging way.
Its analysis of organisations that have used its platform reveals that on average they save two hours per worker, per day when using effective visual search and analysis.
The new funding will enable Zegami to continue developing its next generation data visualisation platform and raise its profile through marketing and commercial partnerships – in particular with LiveTiles and Microsoft.
CEO and co-founder Samuel Conway said: “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.
“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.”
Head of Oxford University Innovation Investments and New Ventures Adam Workman added: “Zegami has made excellent progress in developing its visual data exploration platform – a technology which has numerous applications across a wide variety of sectors.
“As the technology matures, we’re incredibly excited to see the next stage of evolution at the company.”
The global big data and business analytics market is expected to grow to $274 billion by 2022.