Nottingham’s EkkoSense, an advanced software and technology provider, has received a seven-figure cash injection from the Midlands Engine Investment Fund, East & South East Midlands Debt Finance fund.
EkkoSense is set to use the funding to support its rapid international expansion across North America, Europe, Asia Pacific, Latin America and Africa. To aid this new level of growth, the business is adding a high number of resources to its sales, development and operational departments.
Based at the University of Nottingham Innovation Park, EkkoSense is recognised as a global leader in the provision of advanced software and sensing technologies that help organisations visualise, manage and optimise real-time performance in their data centre facilities.
Using EkkoSense’s AI-powered EkkoSoft Critical SaaS 3D visualisation and analytics platform, customers can visualise suggested cooling improvements and manage complex data centre capacity decisions – removing risk, reducing energy consumption by around a third and releasing stranded capacity.
Founded in 2013 by Dean Boyle (CEO) and Dr Stuart Redshaw (CTIO) and backed by an experienced management team, the business has successfully developed an innovative software platform used by some of the world’s largest data centre operators.
EkkoSense has previously received investment from the MEIF East & South East Mids Equity Fund, managed by Foresight Group.
The Midlands Engine Investment Fund project is supported financially by the European Union using funding from the European Regional Development Fund (ERDF) as part of the European Structural and Investment Funds Growth Programme 2014-2020 and the European Investment Bank.