Software firm eyes expansion with £1.5m injection
Enterprise software firm Automated Intelligence (AI) has outlined plans to expand into new markets after raising investment of £1.5 million.
The funding was secured from The Bank of Ireland Kernel Capital Growth Fund, which invested £1 million, with the remainder provided by an existing private investor.
AI was established in 2010 by CEO Mark Godfrey and chief technical officer Simon Cole. Its technology categorises data before securely moving valuable content to platforms including Microsoft Office 365.
The Belfast-based company is a Microsoft Gold Partner and boasts more than 100 national and global blue chip, central and local government clients. It employs a workforce of 65.
“Next year a new European-wide data protection regulation will come into force (GDPR) which is the biggest data protection change in almost 20 years,” Godfrey said.
“This is an exciting time for AI when we are seeing an unparalleled level of interest in our GDPR compliance solutions.”
Godfrey said significant investment will allow the firm to market its “world-leading products and services to organisations of all sizes who need to achieve GDPR compliance”.
He added: “Working alongside Microsoft, we will help organisations understand, and take control of, all the information they hold regardless of where it is.”
The investment will empower AI to build on the success it has achieved over the past seven years and expand into new geographical markets.
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