Adarga closes £5M Series A funding for its Palantir-like AI platform

Adarga, a UK-based AI startup, has closed a £5 million Series A funding round led by Allectus Capital. Adarga uses AI to help financial institutions, intelligence agencies, and defense companies analyze large amounts of data to identify potential threats. The company has been steadily growing since its founding in 2016 and has a £30 million sales pipeline. The funding will be used to expand Adarga's data science and software engineering teams and to roll out internationally.

Adarga Raises £5 Million for AI Platform

Adarga is a London and Bristol-based startup that uses AI to change the way financial institutions, intelligence agencies and defence companies tackle problems, helping crunch vast amounts of data to identify possible threats even before they occur. The startup’s proposition sounds similar to that of Palantir, which is known for working with the U.S. military. Adarga allows organizations to transform normally data-intensive, human knowledge processes by analyzing vast volumes of data more quickly and accurately. Adarga clients can build up a “Knowledge Graph” about subjects and targets. The U.K. government is a client as well as the finance sector, where it’s used for financial analysis and by insurance companies.

Adarga is a London and Bristol-based startup that uses AI to change the way financial institutions, intelligence agencies and defence companies tackle problems, helping crunch vast amounts of data to identify possible threats even before they occur.

6 years ago

Adarga Raises £5 Million for AI Platform

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