DiffusionData, a Reading, UK-based data provider platform, raised £1M in funding.
The investment was made by The North East Development Capital Fund.
The company intends to use the funds for product development.
Led by CEO Grethe Brown, DiffusionData provides real-time, data streaming and messaging solutions that reduce network bandwidth requirements, allowing customers to expand their businesses. Its Diffusion Intelligent Data Platform consumes raw data in any size, format, or velocity, enriches the data in-flight, and distributes the data in real time reliably and at scale with secure, fine-grained, role-based access control. Diffusion is purpose-built to simplify and speed data-driven, real-time application development, reduce operational costs, and economically deliver hyper-personalized data at Internet scale.
Leading brands, across industries including financial services, transportation, energy, retail, healthcare, eGaming, and Internet of Things companies, use the platform to drive customer engagement, fuel revenue growth, and streamline business operations. Diffusion is available on-premise, in-the-cloud, or in hybrid configurations, to fit the specific business, regulatory, and infrastructure requirements of the event-driven applications operating in today’s everything connected world.
FinSMEs
06/03/2023