Cambridge-born ‘big data’ start-up, Acunu, has scored another £3.6m of funding in a round led by Imperial Innovations (IVO), the mainly pharma/biotech-focused, AIM-listed tech incubator arm of London’s Imperial College. IVO invested £1.25m in Acunu, with the balance coming from existing investors Eden Ventures, Pentech and Oxford Technology Management. This brings the total funding that Acunu has attracted to £6.6m.
Acunu is one of very few software start-ups in IVO’s portfolio. In fact the only other one we are aware of is visual search technology start-up, Cortexica (see Cortexica eyes next phase under Imperial’s wing). IVO expanded its remit at the beginning of last year (see Imperial to ‘innovate’ in Oxford, Cambridge, UCL) with a £140m fund raising.
Big data is one the hot topics in the marketplace and has huge application in both the private and the public sector. Eligible TechMarketView subscription service clients should check out our Application Services Market Trends & Forecasts – 2012 report and our UK Public Sector SITS Market Trends & Forecasts September 2012 reports for more on big data, and our IndustryViews Venture Capital notes for more on the UK software and IT services VC scene.