PRESS RELEASE
LONDON,
UK,
1st
October
2015
--
Cytora,
a
pioneer
in
event
detection,
whose
risk
analytics
technology
is
deployed
in
some
of
the
largest
companies
and
governments
in
the
world,
today
announced
it
has
raised
its
second
round
of
investment.
The
round
was
led
by
Cambridge
Enterprise,
the
commercialisation
arm
of
the
University
of
Cambridge,
Parkwalk
Advisors
and
an
influential
group
of
angel
investors
including
Alan
Morgan
(Chairman
of
MMC
Ventures).
Terms
of
the
investment
were
not
disclosed,
and
the
round
was
oversubscribed.
The
funding
will
be
used
to
drive
further
growth
in
core
markets
of
supply
chain
risk
management
and
financial
services,
and
to
further
develop
the
underlying
technology
in
the
area
of
event
detection.
Cytora
is
one
of
only
seven
firms
chosen
to
participate
in
the
prestigious
2015
FinTech
Innovation
Lab
in
London.
Cytora
is
also
the
first
start-up
ever
to
receive
funding
from
the
Judge
Business
School
at
the
University
of
Cambridge,
after
being
incubated
at
Accelerate
Cambridge.
The
investment
comes
as
organisations
are
increasingly
looking
to
leverage
the
power
of
web
data
to
manage
risk
in
a
more
dynamic
way.
Dataminr,
Ban.jo
and
Kensho
are
similar
companies
serving
different
markets
which
have
recently
raised
investment
rounds.
Using
a
big
data
analytics
approach,
Cytora
assembles
data
about
multiple
categories
of
risk
in
real
time,
providing
customers
a
unique
backbone
of
factual
intelligence
in
which
to
manage
supply
chain
risk,
commodity
risk
and
others
risk
types
ahead
of
the
curve.
To
do
this,
Cytora
collects
raw
data
from
millions
of
different
web
sources,
detects
and
geolocates
real
world
events
in
real
time
(e.g.
port
strikes,
protests,
weather
events,
fires
etc.),
and
then
distributes
the
data
in
multiple
ways
to
make
it
easy
to
integrate
and
use.
The
Cytora
event
detection
engine
is
flexible
and
can
be
used
to
gather
event
data
about
any
phenomena
that
takes
place
in
the
physical
world.
Risk
advisories
and
consultancies
use
Cytora
data
to
produce
risk
models,
products
and
intelligence.
Airlines
use
Cytora
data
to
spot
ground
to
air
missiles
that
have
been
reported
Global
corporates
use
Cytora
data
to
monitor
the
world
in
real
time
for
events
that
could
disrupt
their
supply
chain
Investment
Banks
and
Hedge
Funds
use
Cytora
data
to
understand
the
impact
of
global
risks
on
asset
exposure
Anne
Dobree,
Head
of
Seed
Fund
investment
at
Cambridge
Enterprise
said:
With
increasingly
connected
global
markets
and
operations
spanning
limitless
geographic
locations,
the
task
of
monitoring
events
and
anticipating
their
direct
and
indirect
impacts
is
becoming
more
and
more
complex.
Cytora
is
in
a
position
to
enable
clients
to
observe
the
world
using
the
web,
producing
a
massive
disruptive
impact
for
all
sorts
of
information,
analytics
and
decision
support
companies.
Alan
Morgan,
Chairman
of
MMC
Ventures,
said:
All
businesses
need
to
identify
risks
and
how
to
mitigate
these.
What
is
much
harder
but
more
valuable
is
to
identify
events
that
will
trigger
those
risks
and
their
propensity
and
the
resulting
impact
on
the
business.
Cytora
does
this,
and
the
applications
of
its
capability
go
beyond
national
boundaries
(e.g.
supply
chain,
airline
routes,
etc.)
and
benefit
principals
as
well
as
intermediaries
in
the
business
of
risk
assessment.
Richard
Hartley,
Co-founder
of
Cytora,
added:
Increasingly
the
web
is
providing
a
window
on
to
the
world,
to
a
high
level
of
factual
detail.
Our
mission
is
to
enable
organisations
to
monitor
supply
chains,
infrastructures
and
entire
geographies
using
the
power
of
web
information.
We
are
excited
to
receive
support
from
a
prestigious
set
of
investors,
and
this
funding
will
allow
us
to
develop
the
product
further
and
align
it
with
the
needs
of
different
verticals.
Our
recent
experience
in
the
Accenture
Fintech
Innovation
Lab
has
helped
us
navigate
the
financial
services
space,
align
our
technology
with
the
needs
of
investment
banks,
as
well
as
begin
commercial
relationships
About
Cytora
Cytora
is
an
event
detection
company
that
enables
organisations
to
manage
their
risk
exposure
using
the
power
of
the
web
data.
By
building
real-time,
highly-structured
layers
of
risk
information
that
can
be
flexibly
aligned
with
different
use
cases,
Cytora
enables
organisations
to
see
the
world
more
clearly
and
dynamically
manage
risk.
Cytora
hold
a
proprietary
real
time
dataset
of
risk
event
data
stretching
across
multiple
categories
such
as
social
unrest,
crime,
political
violence,
strikes,
fires,
and
explosions.
Cytora
is
one
of
only
seven
firms
chosen
to
participate
in
the
prestigious
2015
FinTech
Innovation
Lab
in
London.
About
Cambridge
Enterprise
Cambridge
Enterprise
Limited
is
a
wholly
owned
subsidiary
of
the
University
of
Cambridge,
responsible
for
the
commercialisation
of
University
intellectual
property.
Activities
include
management
and
licensing
of
intellectual
property
and
patents,
proof
of
concept
funding
and
support
for
University
staff
and
research
groups
wishing
to
provide
expert
advice
or
facilities
to
public
and
private
sector
organisations.
Cambridge
Enterprise
provides
access
to
angel
and
early
stage
capital
through
the
Cambridge
Enterprise
Seed
Funds,
University
of
Cambridge
Enterprise
Funds,
Cambridge
Innovation
Capital
and
Cambridge
Enterprise
Venture
Partners,
and
offers
business
planning,
mentoring,
and
other
related
programmes.
About
Parkwalk
Specialising
in
University
spin-out
companies,
Parkwalk
invests
in
innovative
UK
high-growth
companies
across
various
stages
of
their
development:
from
growth,
development
and
commercial
capital
through
to
acquisition
finance.
Parkwalk
manage
the
University
of
Cambridge
Enterprise
Funds
and
the
University
of
Oxford
Isis
Funds.
Parkwalks
EIS
Funds
seek
significant
capital
gains
with
the
substantial
benefits
offered
under
the
Enterprise
Investment
Scheme.
Media
Contacts
Richard
Hartley
Cytora
Ph:
07703
429484
Richard.hartley@cytora.com