Born out of Cambridge University and the Alan Turing Institute, iKVA develops AI-driven knowledge management solutions that ingest and understand complex information regardless of source, aggregating it into one virtual location for easy access. Its platform aims to extend corporate knowledge bases, prevent loss of institutional knowledge, save time, and surface actionable insight to improve decision-making. iKVA positions itself as a SaaS business with scope for recurring revenues once customers sign up. The company cites commercial traction with customers including Mott MacDonald, Foresight Factory, and GRP and has signed NDAs for ongoing trials with additional firms. Leadership is described as strong with previous successful exits, and the firm highlights a large addressable market (the global Knowledge Management market was estimated at £569bn in 2022). iKVA says it is fundraising to continue product development and to commercially scale the business. iKVA develops an AI service that aggregates unstructured data — including documents, images, video and chat — to provide accurate knowledge in real time as part of users' regular workflows. The technology is aimed at knowledge‑intensive, multinational firms and is designed to be scalable and to bolt on to existing infrastructure and software platforms. iKVA emerged from Cambridge research (formerly Kvasir Analytics) and was founded by academics from the University of Cambridge and the Alan Turing Institute; the company says its design was informed by input from organizations such as the BBC and the Home Office. The service is already in use by global engineering firm Mott MacDonald, which reports productivity benefits from the solution. Management is led by CEO Jon Horden, with co-founders Dr Chris Doran and Ian Firth on the team. The company plans to use new funding to roll out its technology more broadly within large organisations.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Jan 2023