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Adarga Secures $20 Million in Funding to Accelerate Expansion into the Commercial Sector.

Adarga Secures $20 Million in Funding to Accelerate Expansion into the Commercial Sector.

May 23, 2023

London, England - Adarga, a leading developer of artificial intelligence software for Defence and National Security, is thrilled to announce the successful completion of its recent funding round, raising $20 million. The investment was led by BOKA Group Holdings I LP, a prominent global investment firm. The funds raised will be utilized to drive Adarga's expansion into the commercial sector and further enhance its innovative Knowledge Platform.

Adarga's powerful Knowledge Platform is at the forefront of AI-driven software development, enabling organizations to process vast volumes of information with unprecedented speed and accuracy. By analyzing global news feeds, reports, presentations, PDFs, and other data sources, Adarga's technology extracts essential facts in context and presents them to users in various comprehensible formats. This capability empowers organizations to unlock relevant, insightful, and actionable intelligence at scale, allowing them to mitigate risks, make informed decisions swiftly, and gain a competitive edge.

Robert Bassett Cross, the visionary founder of Adarga, expressed his enthusiasm for the company's future prospects, stating, "This funding round marks a significant milestone for Adarga as we embark on the next phase of our growth journey. We are excited to expand our reach beyond Defence and National Security, bringing the power of our AI software to the commercial sector. With the support of BOKA Group Holdings I LP and their deep industry expertise, we are confident in our ability to accelerate innovation and deliver cutting-edge solutions to our expanding customer base."

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