Accelerate Cambridge programme venture Cytora, a risk-analytics company, raises its second round of investment.
Aeneas Wiener, Andrzej Czapiewski and Richard Hartley of Cytora
Cytora, a risk-analytics company that was part of the Accelerate Cambridge programme at Cambridge Judge Business School, announced that it has raised its second round of investment.
Richard Hartley and Joshua Wallace of Cytora
The investment round was led by Cambridge Enterprise, the commercialisation arm of the University of Cambridge, and also included Parkwalk Advisors and a group of angel investors including Alan Morgan, chairman of MMC Ventures.
Cytora is an event detection company that helps companies manage their risk exposure through web data on risk information. The firm’s proprietary dataset includes risk event data on crime, social unrest, fires, explosions and other categories. The new funding will drive growth in core markets and further develop the underlying technology.
“Our mission is to enable organisations to monitor supply chains, infrastructures and entire geographies using the power of web information,” said Richard Hartley, co-founder of Cytora.
We are excited to receive support from a prestigious set of investors, and this funding will allow us to develop the product further and align it with the needs of different verticals.
Hanadi Jabado, Director of the Accelerate Cambridge Programme, added: “Cytora have gone a long way since joining the Accelerate Cambridge Programme and over the last 12 months have significantly developed their technology and value proposition. They are now helping some of the largest organisations in the world manage their risk exposure on a real-time basis. This funding round is testament to how unique their vision is and will enable them to scale up.”