Arkivum, a London, UK-based provider of long-term data safeguarding and data usability solutions, completed a £3m funding round.
Backers included existing investors IP Group plc, Oxford Capital and Parkwalk Advisors.
The company intends to use the funds to expand into sectors such as healthcare, life sciences and financial services and further enhance its offering.
Formed in 2011 and led by Guy Yaniv, who joined as CEO in 2016, Arkivum provides organizations in sectors spanning financial services, healthcare and life sciences, digital heritage, and higher education with data safeguarding and long-term archiving solutions for data discovery and sharing, publishing, file format preservation, and information portals.
These solutions aim to assure authenticity and availability of data, while mitigating risk and ensuring compliance with regulations or long-term data lifecycle management requirements.
The company currently serves over 100 clients.