Preservica, an Oxford, UK and Boston, MA – based active digital preservation software technology company, raised $10m (£7.5m) in Series B funding.
Mobeus Equity Partners is making the investment, which provides an initial $5.3m with a facility for a further $4.7m to support its continued global expansion plans.
The company intends to use the funds to accelerate product innovation and further scale the business through partners.
Led by Mike Quinn, CEO, and Jon Tilbury, CTO and Founder, Preservica provides a software platform that future-proofs all types of digital content against technology obsolescence, ensuring it remains accessible and trustworthy over decades to meet legal, compliance, governance and brand value needs.
Available as a cloud-hosted (SaaS) or on-premise solution, the software is already used by a growing global client base – from major corporations and government bodies to iconic cultural institutions.
These include HSBC, the World Bank, Associated Press, BT, Amnesty International, Yale University, MoMA, the UK National Archives and 21 US state archives.