London-based data science firm Black Swan has secured £3m investment in a round led by Mitsui. In a recent statement, the company expressed intentions to use the capital for expansion into USA and Japan, as well as further developing is proprietary data unification platform NEST.
“We’re delighted to be working with Mitsui” says Steve King, Black Swan’s CEO. “After three years of organic growth it’s going to drastically change the pace of our international plans. Mitsui are the perfect partner to support our plans for new product innovation and entry into new markets”.
Mitsui’s general manager of IT & Communication, Jun-ichi Shibuta, commented: “Mitsui is investing in global business innovation across a variety of key business sectors”.
“The trend towards predictive data analytics will affect all industries and they way they think about corporate strategy, so it’s logical that utilising big data will become increasingly important to maintain and strengthen businesses, which is why we are collaborating with Black Swan”.
Black Swan, which boasts Tesco, Argos, and NPower, as high profile clients, was launched back in 2011. The company works to discover correlations between public and private data, which enables its clients to make valuable market predictions.