Since our first investment into Datactics, the company has more than doubled its revenues and landed a number of high profile customers. The company is a specialist in data quality management, specifically in highly regulated industries, such FS and government, and it's AI enabled tech empowers staff in these organisations to take better control of their data. The funding round will see Datactics deepen its activities in London and New York as it ramps up its sales engine over the coming months.
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Datactics has an extremely strong technology platform and some great clients. Its revenues have more than doubled in the last two years and we are confident this growth trajectory will continue. Data management tools are increasingly important across all industries. The growth opportunities are very attractive. The Datactics AI solution is designed to be easily explainable, which makes risk-averse clients, like banks, more comfortable with adopting the technology. We’re very pleased to continue our support of Datactics