# iKVA

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ikva

- Industry: Software
- Headquarters: Cambridge, UK
- Website: www.ikva.ai
- Total disclosed funding: $2.1M
- Latest round: Seed (Mar 16, 2021)
- Investors on record: 3

## About

iKVA Limited, based in Cambridge, UK, specializes in AI-driven knowledge management solutions that enhance data-driven decision-making for organizations across various sectors.Founded in 2017, iKVA Limited offers advanced AI solutions designed to improve knowledge management. The company is headquartered in Cambridge, UK, and has completed 4 deals since its inception. Richard Mortier is the founder, while Jon Horden serves as the CEO. In March 2021, iKVA raised GBP 1.51 million in a Seed round led by Cambridge Enterprise, with participation from Crowdcube and Parkwalk Advisors, bringing the total amount raised to GBP 1.51 million and achieving a current valuation of GBP 3.049 million.iKVA specializes in AI-driven knowledge management solutions designed to enhance data-driven decision-making in organizations. Their core offerings include the iKVA Discover solution and the iKVA Insight solution, which leverage vector mapping technology to allow users to find and utilize relevant information across various formats and languages from multiple locations. These solutions address critical challenges such as the management of dark data—untapped data stored within organizations—by providing tools to uncover and leverage this hidden resource effectively. iKVA serves various sectors, including engineering, legal, and commercial teams, focusing on organizations that require efficient information retrieval across geographical markets, including Europe and North America.iKVA generates revenue through a subscription-based model for its software solutions, catering to businesses requiring advanced knowledge management capabilities. Clients engage with iKVA through direct subscriptions, allowing access to the Discover and Insight platforms. The business model supports B2B transactions, enabling companies to invest in iKVA's technology to optimize their data management and decision-making processes. Specific pricing plans vary based on organizational needs, reflecting the impact of improved data management on operational efficiency.In March 2021, iKVA Limited raised GBP 1.51 million in Seed funding to advance their artificial intelligence technology rollout and create new jobs. The funding will support the development of new products aimed at expanding their offerings and enhancing their existing solutions. iKVA is also planning to enter new geographic markets, specifically targeting regions across Europe and North America, aiming for significant growth by late 2023.

## Funding rounds

- Seed, Mar 16, 2021, $2.1M — Cambridge Enterprise, Parkwalk Advisors, Crowdcube

## Investors

- Cambridge Enterprise — Seed
- Parkwalk Advisors (https://capitalatlas.ai/funds/parkwalk-advisors) — Seed
- Crowdcube (https://capitalatlas.ai/funds/crowdcube) — Seed