Cyance secures £860k in funding to build on growth momentum
Cyance, leading provider of global, third-party intent data, announced today that it has secured an additional amount of funding, allowing it to build on its growth as a business.
Provided by existing investors, including Blackfinch Ventures and Nexus Investments, the funding amounts to £860,000 and follows on from “a period of significant growth”, which saw revenues increase by as much as 18 per cent, Cyance claims.
The company also claims that customer value rose by 30 per cent in the last year.
Talking about the business’ progression, Bulent Osman, CEO of Cyance, said: “The fact that we’ve seen such solid commercial and financial performance over the past 12 months, despite the tough market conditions, demonstrates the appetite for accurate and localised intent data and the enormous potential within this market.
“And as businesses start to look beyond the pandemic and the economic recovery gathers pace, we expect demand to increase further.
“Taking on this new investment allows us to strengthen our team and further invest in our product.
“We’re now perfectly placed to take advantage of these new opportunities and cement our position as the leading ABM platform with unique intent data for European buyers,” he said.
Cyance aims to deliver its services far across European continents due to being involved in 55,000 publisher partnerships.
Reuben Wilcock, Head of Ventures at Blackfinch Ventures, said: “Cyance has transformed account-based marketing by developing and integrating a sophisticated SaaS solution with global, third-party intent data which addresses the needs of the European market.
Mr. Wilcock added that “they (Cyance) have demonstrated solid growth from global B2B brands in the last 12 months”, despite the challenges presented by COVID-19.
“We’re excited to continue supporting Cyance as it helps some of the world’s leading companies to transform their demand generation and account-based marketing programs and achieve more efficient ROI,” he said.
With the help of sophisticated technology that uses a “localised, natural language search, Cyance aims to accurately track and identify customer intent, which is said to lead to greater conversion and sales efficiency for marketing teams and global sales.
Cyance also claims to be the only provider to combine a powerful account-based marketing (ABM) solution with European, third-party intent data which is fully GDPR-compliant.
Matthew O’Kane, Managing Director of specialist early-stage Venture Capital investor Nexus Investments also commented on the announcement, stating: “Having been the fourth portfolio investment from our EIS Scale-Up Fund back in early 2019, we are very excited to announce this follow-on investment, which follows two years of promising expansion.
“We’re also pleased to partner with Cyance and its Management Team on this next stage of growth, as it scales further into and beyond its existing UK and European market expertise,” he said.
GTR and SEGRO agree first UK data centre facility
SEGRO, a property investment and development company, has announced it has come to an agreement with the European data centre platform, Global Technical Realty (GTR) to construct its first UK-based data centre. SEGRO claims that the facility, which will span a total area of 400,711 sq ft, will be located in Slough and is to become “the largest data centre campus in the UK’s premier data centre and communications hub”.
What will SEGRO’s data centre facility be used for?
Supported by the global investment firm KKR, Global Technical Realty says it will be using the facility’s space on a 25-year term to operate bespoke data centres for high-growth global technology companies. The new facility aims to support the growing demand for third-party data centre provision amid ever-increasing growth in data usage and cloud services adoption.
Franek Sodzawiczny, CEO & Founder of GTR, said: “We are excited to be back in the UK alongside our partner KKR and look forward to working closely with SEGRO to deliver this state-of-the-art data centre campus. The data centre space is a fast-moving one. GTR was established to support its customers in providing a data centre solution wherever in the world there is a demand for it. We are delighted that the UK will become home to our flagship concept”.
James Craddock, Managing Director, Thames Valley at SEGRO, said: “We’re pleased to welcome GTR as the latest data centre operator to our thriving estate and our team of experts look forward to developing a stunning new facility for them and their customers. “Homeworking, data streaming, e-commerce and businesses’ reliance on cloud services have all grown during the pandemic, meaning demand for data centres is unabated.
“Slough Trading Estate is home to Europe’s largest data centre cluster and data centres are increasingly regarded as part of our key national infrastructure given the critical role they play in our daily lives”, he added.
The facility is expected to be delivered in two phases with operations beginning by Q4 of next year. The first phase plans to provide 132,575 sq ft of space phase two will create 268,136 sq ft of space. “Vacant possession of the site delivered to the customer by early 2022”, SEGRO said.
The project is also expected to create around 200 jobs during its construction, and a further 80 permanent roles once completed.