Winton Group has invested GBP750,000 as part of a GBP1.25 million investment round into Exonar, a specialist in compliance with the European Union General Data Protection Regulation (EU GDPR).
Amadeus Capital Partners, the global technology investor, has joined Winton and existing angels in providing investment for Exonar.
The investment will be used to expand the availability of Exonar’s next generation Information Intelligence platform in Europe.
The GDPR is intended to strengthen and unify data protection for all individuals within the EU and affects any organisation that holds data on European citizens.
Compliance with the regulation requires new tools to get organisational data under control and address the challenges raised. Exonar’s platform uses a modern, big data architecture coupled with advanced search, language processing and machine learning to deliver rapid, accurate and scalable understanding of an organisation’s information, mapping where risky information and data is stored and providing a simple path to remediation.
Nick Saunders, chief operating officer at Winton, says: “Exonar’s approach to machine learning for intelligent classification allows businesses to understand what data is actually on their networks and protect it accordingly. We believe that a wide range of customers will be able to benefit from Exonar’s experience in tackling large complex information management problems.”
Alex van Someren, managing partner, early stage funds, Amadeus Capital Partners, says: “This investment will help Exonar to expand across Europe with its timely offering, bringing much needed simplification of compliance with the EU GDPR, allowing organisations to identify if and where they hold sensitive data.”
Adrian Barrett, Exonar’s founder and CEO, says: “We are delighted to welcome Winton and Amadeus as key investors. The opportunity to help organisations comply with GDPR is extensive and it was important that we found investors with the scale and ambition to enable Exonar to maximise this opportunity.”
