A tech platform designed to assist office security practices has raised £1.5m in a contemporary funding spherical.
Newcastle-based Notify, whose shoppers embrace McDonalds, Siemens and the NHS, stated it can use the funding to additional improve its platform with the addition of latest AI-powered options and to step up its gross sales and advertising actions.
The spherical was led by Calculus Capital and the North East Enterprise Fund, supported by the European Regional Improvement Fund and managed by Mercia Ventures. It brings the entire Notify has raised thus far to over £7m.
Duncan Davies, co-founder and CEO, stated: “I’m delighted we’ve been capable of elevate extra capital from long run traders to assist our newest improvements and to proceed our development trajectory.
“Hundreds of organisations are recognising the worth of taking care of the well being, security and wellbeing of their workforce, and Notify is now completely positioned to ship software program that drives worker engagement and productiveness.”
Richard Moore, Co-head of Investments at Calculus, added: “We now have seen the well being security and wellbeing sector turn out to be more and more essential to organisations and Notify is on the forefront of innovation on this house.”
Based in 2017 by Duncan Davies and Andy Dumbell and primarily based in Newcastle, Notify’s platform permits companies to digitally file accidents and close to misses, full audits, inspections and danger assessments, handle security paperwork and analyse security knowledge – from one central location.
The agency, which now employs 27 workers, stated it has elevated annual recurring income (ARR) by 47% over the previous 18 months. Notify posted a lack of £1.5m within the 12 months to finish March 2024.
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