Winton Group (Winton), the global investment management and data science company, has invested £750,000 as part of a £1.25m investment round for Exonar Limited (Exonar), a British company that helps organisations map and interpret their data to minimise risk. Exonar’s platform uses machine learning, advanced search and language processing in combination with cutting-edge big data architecture to deliver rapid, accurate and scalable understanding of organisational information. By illuminating data storage and risk issues, it provides a clear path to remediation.
Nick Saunders, Chief Operating Officer at Winton, said: “Exonar’s approach to machine learning for intelligent classification allows businesses to understand what data is actually on their networks and protect it accordingly. We believe that a wide range of customers will be able to benefit from Exonar’s experience in tackling large complex information management problems.”
Winton’s investment is intended to widen the availability of Exonar’s next generation Information Intelligence (TM) platform in Europe, which ensures compliance with the European Union General Data Protection Regulation (EU GDPR).
The GDPR was conceived to unify and strengthen data protection for all individuals within the EU and affects any organisation that holds data on European citizens.
Amadeus Capital Partners, a global technology investor, has invested alongside Winton and existing angels.
Adrian Barrett, Exonar’s founder and CEO, said, “We are delighted to welcome Winton and Amadeus as key investors. The opportunity to help organisations comply with GDPR is extensive and it was important that we found investors with the scale and ambition to enable Exonar to maximise this opportunity.”