9 years ago
Preservica Secures $3.8 Million to Fuel Expansion of Digital Preservation Software
Preservica, a UK-based digital preservation specialist, has secured $3.8 million in growth funding from Mobeus Equity Partners
The company plans to use the investment to accelerate the uptake of its digital preservation software, which is already in use at over 100 organizations, including the Associated Press, Yale University, and HSBC
Preservica's software addresses the growing need to keep digital information for longer for compliance, legal defense, and knowledge reuse
The funding will allow Preservica to expand its partnering program and accelerate its product vision to make digital preservation a seamless and automated part of the digital information lifecycle.
ProblemTechnology
"having digital information lost due to obsolete formats and storage"
Solution
"Preservica's active digital preservation software automatically translates digital content into formats that can be used and read by future applications and technologies"