10 years ago

Cytora Secures Funding to Expand Risk Management Solutions

  • Cytora, a UK-based provider of event detection technology, has raised its second funding round

  • The round was led by Cambridge Enterprise, Parkwalk Advisors and angel investors, including Alan Morgan

  • The company plans to use the funding to grow in core markets of supply chain risk management and financial services, and to further develop its event detection technology

  • Cytora collects raw data from millions of web sources, detects and geolocates real-world events in real time, and distributes the data to help organizations manage risk exposure.

      • ProblemTechnology

      "Companies struggle to effectively manage risk exposure, especially in complex areas like supply chains and financial services, due to lack of real-time insights and a fragmented approach to data."

      Solution

      "Cytora provides a unique event detection technology that leverages web data to identify and geolocate real-world events, such as port strikes, protests, weather events, and fires, in real-time. This allows companies to gain comprehensive insights into potential risks, allowing for proactive risk mitigation and better decision-making."

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