Dexda, an intelligent predictive fault management platform for physical assets, has been acquired by LogicMonitor, a private equity-owned IT infrastructure monitoring platform. The terms of the transaction were not disclosed.
Data and Analytics
Swapi Raises £350K to Make Loyalty Points More Valuable Than Ever
More than half of consumers say that loyalty programs are the key reason they choose specific retailers and brands. Brands love these programs because they help fuel customer retention and also provide valuable data. Yet, consumers have very little power over how these programs work and how to best utilize their loyalty accruals. For example, you may have significant points on one airline but another airline is offering the same route for significantly cheaper, leaving you in a dilemma to go for the points or save the cash. Swapi is a mobile wallet and loyalty points management platform that allows users to seamlessly swap between loyalty points between different brand’s loyalty programs and spend these points through the app’s marketplace that’s integrated directly with the brands. As there’s been a growing movement toward decentralisation, Swapi empowers consumers to take charge of their consumer spend and loyalty earnings by providing unparalleled flexibility. Making that decision between loyalty and savings just got easier. London TechWatch caught up with Founder and CEO Pete Howroyd to learn more about the experience of launching the business during the pandemic, the upcoming formal launch of the app, the company’s recent funding round, and much, much more…
Solidatus Raises £14M for its Data Management and Data Lineage Platform
Marc Andreessen famously proclaimed in 2011 that “software is eating the world”. Fast forward to today and it’s data eating the world. Data is growing somewhat faster or much faster than other types of data in 71% of enterprises according to Western Digital. By 2025, there will be 175 zettabytes (10,000 TB) of data. Solidatus is a metadata management and data lineage platform that’s focused on how enterprises view, manage, and understand their growing mounds of data. The company focuses on letting its customers harness the data economy, whether it’s for compliance, governance, introducing efficiencies, or even digital transformation efforts. Solidatus is currently used in a variety of industries including pharmaceuticals, banking, aerospace, manufacturing, consulting, and telecommunications. In 2020 alone, the company was able to quadruple its revenue as the pandemic introduced new complexities for data management across location and geography. London TechWatch caught up with Cofounder Philip Miller to learn more about the company, its future plans, and recent round of funding from investors that include AlbionVC, HSBC Venture,s and Citi.
Use Google Trends to Track Your Market Share and Success
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SaleSource Lets Dropshippers Find the Right Products With a Data-Driven Approach
Dropshipping accounts for 24% of all global online sales. Digital entrepreneurs have raced to capture a portion of this growing market and the marketplace has become increasingly competitive. SaleSource is a SaaS platform that empowers dropshippers to optimize the offerings in their storefronts through a data-driven approach. The AI-powered platform allows sellers to find top-rated vendors to source products from, analyse the competition, understand the economics associated with marketing and advertising, and discover trending products. London TechWatch caught up with CEO and Founder Kyle Dayne to learn more about the state of the drop shipping industry, the company’s future plans, how the pandemic has encouraged more entrepreneurs to set up dropshipping businesses to diversify income, and much, much more…
eXate Raises £2.3M for its All-In-One Enterprise Data Management Platform
Data volumes are growing exponentially and expected to hit 175 zettabytes by 2025. For businesses managing this unprecedented growth, ensuring compliance with regulatory initiatives like GDPR and the California Consumer Privacy Act has become a challenge. eXate is the data management solution that enables enterprises to have a single application to manage data visibility and privacy across the data landscape. Companies can now readily capture the value of the data that they possess and share the data internally without getting bogged down by privacy concerns, resulting in significant value creation, cost savings, and efficiency. London TechWatch caught up with CEO and Cofounder Peter Lancos to learn more about pain point that eXate addresses, the burgeoning data privacy space, and the company’s recent funding round from investors that include Outward VC, ING Ventures, and Triple Point Ventures.
Programmai Raises £850K to be the Crystal Ball That Marketers Have Been Dreaming Of
Programmai’s predictive marketing software uses customer data to accurately predict customer spending for both the short and long term. Applying machine learning, marketers can use predictive values from Programmani to develop marketing programs and hone acquisition costs, no longer taking stabs in the dark but instead basing these decisions on justifiable data and forecasts. London TechWatch caught up with CEO Dean Murr to find out how his previous experience at Asos led him to create Programmai, the company’s experience raising during the pandemic, and recent funding round.
Concirrus Adds Another $6M to its Series B for its Insurance Intelligence Platform
In the insurance industry, any information that helps assess risk is absolutely critical when it comes to underwriting and specialty marine insurance is no different. Concirrus is the intelligence platform that helps all relevant parties in the insurance industry (asset owners, insurers, brokers, and investors) understand true risk in real-time. CEO and Cofounder Andy Yeoman shares some insights on bringing sophisticated intelligence to the insurtech space, the company’s future plans, and recent round of funding, which brings the total funding raised to £31.1M.
Lifebit Raises $7.5M to Process Big Data for Medical Research, Redefining Bioinformatics
It’s an unprecedented time to study genetics because technological advancements and the raw computational power available are helping scientists make sense of DNA in an unprecedented way. Lifebit CEO Dr. Maria Chatzou Dunford offers some insight on how her company’s platform allows researchers to analyse data faster than ever and extract actionable insights to develop better drugs, therapies, diagnostics, and products.
Yapily Raises $13M for Open Banking API that Removes Technical Barriers to Open Finance
Yapily is addressing a huge opportunity in Europe as the backbone of Open Banking, and the infrastructure that partners need in order to take advantage of Open Finance.