Enterprise software company Trampoline Systems has secured £3 million in a funding round led by Tudor Group. The money will fund sales, R&D and expansion in North America.
Enterprise software company Trampoline Systems has secured £3 million in a funding round led by Tudor Group. The money will fund sales, R&D and expansion in North America.
The deal makes Trampoline the first European developer of Enterprise 2.0 software to be backed by major investors.
Technology entrepreneur Charles Armstrong, Trampoline’s founder and chief executive, studied the link between social behaviour and information management on the Isles of Scilly before founding the company in 2003. He says: ‘It’s been an amazing experience coming from research on a remote island to being a successful tech start-up.’
London-based Trampoline is a start-up business that employs 10 people. It was previously backed with seed finance from private investors in San Francisco, London and Tokyo.
Trampoline’s chief project is SONAR. This combines natural language processing and social network analysis to browse and filter large archives.