InfoSum in a $65 million Series B funding financed by Chrysalis Investments

InfoSum, a London, UK-based company working for the development of a plaform for data sharing across organisations, announced a $65 million Series B funding.

The money was raised from investors led by Chrysalis Investments. As a result of the investment, Chrysalis Investment’s Richard Watts will be added to the InfoSum Board.

InfoSum, founded in 2016 as CognitiveLogic by CEO Nicholas Halstead, has built a way for organizations to share their data with each other without passing it on to each other -- by way of a federated, decentralized architecture that uses mathematical representations to organise, "read" and query the data. Customers include companies across financial services, CTV, retail, healthcare, gaming, and entertainment.

The company previously raised $15.1 millionn in 2020. The round brings the total amount raised to $90 million since the company’s inception in 2016.