Investment for Enterprise Data Firm Advancing Analytics

European data consultancy Advancing Analytics has announced a strategic growth investment of undisclosed size, with which to further develop its proprietary frameworks and AI-ready enterprise data products.

Founded in 2018, the company has developed a proprietary library of repeatable AI frameworks which help clients rapidly pull data from their silos and deploy it across the enterprise as actionable intelligence. It is currently the only European Gold Status Databricks Brickbuilder partner. Clients are in financial services, healthcare and life sciences, and retail.

The investment, which is currently still subject to regulatory approvals, comes from growth equity firm Lead Edge Capital. As part of the transaction, Stephan Dietrich, an Operating Partner at Lead Edge, and Hari Badale, will join the Board of Directors, alongside Lead Edge Partner Brian Lobdell.

Terry McCann (pictured), CEO of Advancing Analytics, states: 'Meeting the immense demand from clients requires a different level of scale, and a different kind of partner. Lead Edge stood out from the moment we met for their expansive investor network, their track record of backing category leaders, and understanding of where we want to take this business. We're thankful to the people and partners who helped get us to where we are today and excited for what comes next.'

Headquartered in London and with offices in the UK and Portugal, the firm is online at www.advancinganalytics.co.uk .