Belfast tech company receives £800,000, Northern Irelend’s largest ever angel investment.
Belfast-based SOPHIA Search Limited a technology company focused on enterprise search and unstructured content management has secured funding of £800k ($1.2M), the largest ever angel investment made in Northern Ireland. The funding will be used to assist the company with expansion into the USA. The company has appointed a safe pair of hands in Dr. Chris Horn who is regarded as one of the most successful technology entrepreneurs in Ireland and formerly of IONA Technologies PLC as chairman.
SOPHIA has developed advanced search technology which helps businesses to internally search for quality information much more quickly and accurately. There are many applications for the technology with significant global markets. Initial products have been released that assist in researching information, cross-referencing and reducing the duplication of data. Funding recieved by the company included a significant contribution from a newly formed Belfast based Angel syndicate – ‘Volcano’. SOPHIA Search’s clients include IBM and Accelrys.