$20m for 'Small Data' Analyst Tadaweb

Risk assessment analyst Tadaweb has secured $20m in funding, with which to scale its platform supporting public and private sector security teams in their decisions, based on publicly available information and open-source intelligence. The injection will boost product development and recruitment.

Founded in 2011, the company is headquartered in Luxembourg with offices in Paris and London. Clients are in defence, national security, public safety, cyber threat intelligence and corporate security organisations across Europe and the US. Tadaweb's software scans publicly available print media, online platforms, social media, public records, web sites, blogs and other sources, analysing content to give users 'accurate and actionable information in markets frequently disrupted by political turmoil and economic instability.' The firm focuses on what it calls 'Small Data', contrasting its preference for augmenting humans' own analysis of data with the approach of other firms 'focusing solely on automation and Big Data.'

CEO and co-founder Francois Gaspard (pictured) comments: 'Our mission is to make the world safer by empowering the human mind with the right information at the right time. Almost everyone is looking to AI for a solution. Our focus is on transparency, not delivering another black box. We embrace AI, while ensuring our solution keeps the human in control. True impact comes from putting humans in the centre. By augmenting analysts with our Small Data Operating System, we're doing just that.'

The round was led by Arsenal Growth and Forgepoint Capital International, with participation from existing investor Wendel. Jason Rottenberg, General Partner at Arsenal Growth, and Damien Henault, MD at Forgepoint, will join the Tadaweb board.

Web site: www.tadaweb.com .