Push Technology, a Los Gatos, CA- and Belfast, Northern Ireland-based provider of real-time data streaming and messaging solutions, completed a £10m Series A round of financing.
The round was led by Maven Capital Partners with participation from new and existing investors Guinness Asset Management and Stephens Capital Partners. In conjunction with the funding, Maven’s Investment Director, Andrew Symmonds, and Guinness Asset’s Investment Manager, Ashley Abrahams, will join Push Technology’s Board of Directors.
The company intends to use the funds to expand its sales and marketing efforts as well as broaden and accelerate product development.
Led by Sean Bowen, CEO, Push Technology provides a real-time API management platform that powers mission-critical business applications worldwide. Diffusion delivers centralized data management, optimization, and integration to simplify application development, reduce infrastructure requirements, and speed time-to-market. Leading brands, across industries including: financial services, transportation, energy, retail, healthcare, eGaming, Internet-of-Things companies, use it to accelerate revenue growth, customer engagement, and business operations. The platform is available on-premise, in-the-cloud, or in hybrid configurations, to fit the specific business and infrastructure requirements of the applications operating in today’s everything connected world.