London-based data analytics firm Black Swan has received an investment of £3mn led by Mitsui & Co., Ltd. that is to support its expansion into Asia, www.growthbusiness.co.uk reported on 21 March.
The move follows Mitsui’s investment in predictive analytics and data science start-ups across the Asia–Pacific region. Junichi Shibuta of the firm said that utilising Big Data is becoming increasingly important to maintain and strengthen businesses.
Steve King, chief executive of Black Swan, said: “After three years of organic growth [the investment] is going to dramatically change the pace of our international plans”.