Beringea has led a £6.5m investment in Exonar, a leading data discovery and management software firm. Downing Ventures, the early stage investor, has also participated in the round alongside notable existing investors, Amadeus Capital Partners and Winton Ventures.

Enterprises are facing a fundamental change in the way they process and store information. An exponential increase in data volume means organisations must find new ways to understand the risk as well as the opportunities in their data. Driven by new regulation, cyber threats and competition, organisations who use data they hold effectively will survive and thrive.