Nauta leads £4m round for Cloud.IQ
Spanish venture capital firm Nauta Capital has led a £4m funding round for artificial intelligence platform developer Cloud.IQ, alongside Finance Wales and Juno Capital.
According to James Critchley, CEO of Cloud.IQ, the capital will enable the firm to continue growing internationally and expand its team.
The deal was advised by Armada Ventures.
Previous funding
Cloud.IQ has twice previously raised capital from Bridges Ventures. In February 2012, the venture firm invested £3.9m of seed funding, followed by £1.67m in September 2016.
Company
Founded in 2012 by James Critchley and Paul Phillips, Cloud.IQ is an AI and machine learning system for e-commerce businesses.
The firm is headquartered in London with offices in Sydney, Australia.
People
cloud.IQ – James Critchley (co-founder and CEO).
Nauta Capital – Carles Ferrer (general partner).
Finance Wales – Carmine Circelli (investment executive).
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