Neotas, a London, UK-based digital intelligence business which provides enhanced due diligence and HR screening, closed a funding round of over £1m.
Backers included by Symvan Capital, Force Over Mass and a number of private investors.
The company intends to use the funds to further develop its platform and technology, expand its team of advanced analysts and step up its sales and marketing operation.
Founded in early 2017 by Vipul Mishra, who was previously head of information security at a leading London-based hedge fund, and Ian Howard, who has over 30 years’ experience in finance and investment, Neotas provides a digital intelligence platform that analyses individuals’ ‘digital trails’ to provide deep insights into their background, behaviour and networks.
The service enables investors and employers to screen key personnel, safeguard their investments, mitigate against fraud and insider threats and evidence compliance standards.
The digital platform leverages open source intelligence (OSINT). This includes analysis of international records, social media and the deep and dark web – information which is openly available but mostly cannot be found via search engines.
The company has a client base including a range of private equity firms, insurance companies, investment houses and other financial institutions.