Tantalum Corporation, a connected car company based in the UK, has raised £2.5 million to begin its expansion in the US. The funding was led by Disruptive Capital.
The UK company develops connected car solutions with features such as data management and analytics. It is opening an office in Menlo Park to complement its offices in London and Atlanta. The new funds will be invested in scaling the company’s international growth, having already installed a million devices, it said.
The company previously obtained a £1.4 million grant from the UK government to trial is Air.Car technology, which collects data from cars on air pollution in cities.
“This expansion puts Tantalum at the forefront of the burgeoning connected car market, positioning us at the heart of conversations around technology innovation and industry direction,” said Ozgur Tohumcu, CEO of Tantalum.
“At Disruptive Capital, we back great management and innovative technology which is disrupting markets; Tantalum has both and more besides,” added Lincoln Jopp, partner at investor Disruptive Capital. “Tantalum is growing so fast, it’s hard to keep up; new offices and experts in Silicon Valley and Atlanta, new products, new contracts and new investment.”
Would you like to write the first comment?
Login to post comments