Investment Fund Wales has announced its second significant equity investment, aimed at empowering the development of data analytics enterprise Assured Insights.
With the fund’s assistance, Assured Insights is expanding its operations and establishing a new data engineering hub in Cardiff. This strategic decision reflects the company’s dedication to providing enhanced data solutions across various sectors, including finance and hospitality.
The £130 million Investment Fund Wales has strategically backed Assured Insights, a data analytics company. This marks the fund’s second equity investment, managed by Foresight Group on behalf of the British Business Bank. The new investment will support Assured Insights in establishing a cutting-edge data engineering hub in Cardiff.
The partnership also includes support from the British Business Bank’s Midlands Engine Investment Fund, underscoring the collaborative effort to fuel regional economic growth. Assured Insights’ new Cardiff base will serve as a nucleus for technological advancement.
Assured Insights currently caters to prominent clients, including The Ivy Restaurant Group and Vernon Building Society, by enhancing their data capabilities.
The company’s growth aspirations are supported by Foresight’s guidance, which has been pivotal in navigating the scaling process effectively and strategically.
Steve Galvin of Foresight echoes this sentiment, emphasising the positive economic ripple effect of Assured Insights’ expansion in Wales.
Such partnerships are crucial for stimulating regional economic activity and enriching the local business ecosystem.
Assured Insights aims to continually evolve its technology and extend its client base. The backing from Investment Fund Wales and Foresight places it on a strong trajectory for future growth.
Investment Fund Wales’ support of Assured Insights illustrates a forward-thinking approach to regional economic development.
This collaboration not only facilitates immediate growth but also lays the groundwork for long-term advancements in data analytics technology, benefiting both the company and the local community.
