Ansarada, a Sydney, Australia-based global business readiness platform provider, raised $18m in Series A funding.
This round was led by Ellerston Capital, with participation from Tempus Partners, Belay Capital and Australian Ethical Investments.
The company will use the funds to accelerate expansion in the United States and EMEA.
Led by Sam Riley, CEO, Ansarada provides a Material Information Platform (MIP) that enables businesses and their advisors to improve ongoing operations and eliminate risks, while supporting superior outcomes during business-critical events such as M&A, capital raises and audits.
The company recently launched its AI-powered MIP to empower advisors, investors and companies to unify critical information scattered across silos and provide a complete overview of business performance. Ansarada’s technology then leverages machine learning to identify risks and opportunities and generate insights from more than 20,000 business-critical events worth over $2 trillion.
Customers include some of the biggest companies and strategic advisors in the world, from Google, VMWare, CBRE and Sony to PwC, KPMG and Baird Capital.