Arkivum completes £3 million funding round
Arkivum, a leading provider of long-term data safeguarding and data usability solutions, announced that it has successfully completed a £3 million funding round.
Having earned the trust of over 100 clients, the capital raised will fuel the company’s continued expansion into sectors such as healthcare, life sciences and financial services. The funding will also enable further enhancements of Arkivum’s offering for optimising the long-term value of digital assets and records.
All of Arkivum’s existing principal investors chose to participate in the round: IP Group plc, Oxford Capital and Parkwalk Advisors, all of whom have a strategic focus on turning companies with outstanding innovations into highly successful businesses.
Guy Yaniv, CEO of Arkivum, said: “Everyone at Arkivum is delighted to have secured the latest funding round. This represents a validation of our offering, the company’s business model and plans for strategic expansion.”
Dr. Mark Reilly, Head of Technology of IP Group said: “We view Arkivum as a disruptive and innovative solution provider. Arkivum’s approach to critical data safeguarding is distinct from the general offering of archiving as a mere extension of storage.”
Oxford Capital’s Portfolio Director Robin Lincoln said: “The entrepreneurial management team at Arkivum have made great progress in recent months as they build out the business into new industry sectors. This funding round will support Arkivum as it continues to introduce its technology to new potential customers.”
Alun Williams, Investment Director of Parkwalk Advisors also added: “We are impressed with the company’s performance thus far and clearly see the market need for Arkivum’s offering. We believe Arkivum’s growth plan is robust and achievable.”
Over the next six months Arkivum plans to announce new partnerships that will enable it to harness commercial opportunities in sectors which are facing regulatory and operational challenges around long-term data retention such as healthcare, life sciences and financial services.
Arkivum provides best-of-breed data safeguarding and long-term archiving solutions to organisations in sectors spanning financial services, healthcare and life sciences, digital heritage, and higher education. These solutions assure the authenticity and availability of data regardless of scale or when it needs to be accessed, while mitigating risk and ensuring organisations’ compliance with regulations or long-term data lifecycle management requirements. Arkivum’s active data lifecycle management and ISO 27001 certified methodology provides low-latency access to archived data while delivering a chain of custody and an indemnified 100% data integrity guarantee. Arkivum works with partners to deliver integrated, scalable and flexible solutions for data discovery and sharing, publishing, file format preservation, and information portals. Since its formation in 2011, Arkivum has grown steadily, boasting 300% growth in 2014 and again in 2015.
Source: Arkivum Press Release