Atlantic Bridge led a round for NUI Galway-founded organisational data investigation spinout Siren, having backed the company's seed round through its University Bridge Fund.
Siren, an Ireland-based data investigation platform developer spun out of National University of Ireland Galway, secured $10m on Thursday in a series A round led by growth equity fund Atlantic Bridge.
State-owned enterprise support agency Enterprise Ireland also participated in the round together with business-to-business-focused venture firm Frontline Ventures and early-stage VC vehicle DVI Equity Partners.
Founded in 2014, Siren has created technology that enables business and government clients to run real-time analytics on large data flows, with a focus on the financial services, life sciences, operational intelligence, law enforcement and telecommunications sectors.
The software combines artificial intelligence-driven methodologies such as predictive analytics and natural language processing in a single user interface, and also plugs into an open-source analytics engine called Elasticsearch to facilitate advanced applications.
Siren was founded by Giovanni Tummarello, who led NUI Galway research into data-intensive infrastructure applications from 2007 to 2014.
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