Exonar secures additional funding from its investors to fuel growth

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Following the news that we've been recognised by Tech Nation as "one to watch" and one of UK’s fastest growing tech scale-ups, we've now secured additional funding from our supportive investors.

Our key backers include Beringea, Downing Ventures, Winton Ventures, and angel investors.  By providing additional funding for growth, they have signalled their continued support for our management team and strategy.

News of additional investment comes hot on the heals of the news that Exonar has joined the exclusive Tech Nation Upscale 6.0 cohort for 2021, recognising the company as “one to watch” and among the fastest growing tech scaleups in the UK.

This recognition and continued backing of its investors reflects building momentum as we look to tap into the vast and growing need for enterprises to map, index, analyse and protect the data that they hold.

Exonar CEO Danny Reeves has never been more convinced about Exonar's purpose and mission and where we need to go next. “Today every company on Earth is a data company,” said Reeves. “The ability to see all data, in absolute detail, in one place, regardless of source and type, has been the one constant that has held us all back from maximising the true value of our data strategies." 

"Our investors are hugely supportive and recognise the customer success we've been driving with our world-leading product and services. They also recognise that our market is growing fast and that we need to fuel our ambition to help more companies know their data and use it to power and protect their businesses for the people they serve".

Commenting on the further funding for Exonar, Stuart Veale, Managing Partner of Beringea and Board Director of Exonar, said: “The volume and complexity of data held by the modern enterprise means that indexing and discovery is now pivotal to digital strategy. Our backing of Exonar is testament to the strength of its technology and the scale of the market opportunity – under Danny’s leadership, the business has the potential to drive greater security and competitiveness for its growing roster of enterprise clients.”

“The Exonar management team intrinsically understand the data challenges of their customers as they themselves have come from CIO and CTO roles – this is crucial for enabling success. Exonar is delivering workable data strategies for their customers who have nothing but the highest praise for the work that is being done. In a world of ever-increasing data, Exonar is simplifying the road map of understanding it better and we’re delighted to work with them as they go from strength to strength,” adds Mike Kennedy, Portfolio Director at Downing Ventures.