The Ghent-based technology company Ontoforce has announced a new capital round of €4,3 million in growth financing led by Korys (the investment structure of the Colruyt family), Annie Vereecken, PMV and LRM. The new investment will be used to fuel Ontoforce's growth and future development.
Ontoforce leverages the force of linked data to easily discover new insights in complex and big data sets. It has developed an innovative semantic search platform called DISQOVER, that integrates disparate life sciences data.
The company has gained significant traction in the life sciences industry by allowing pharmaceutical and biotechnology companies to search more than 110 scientific and medical databases in an efficient and user-friendly manner.
"We are convinced that with this investment we can become a world player in the analysis of big data"
Hans Constandt, founding CEO of Ontoforce, explains: “We are extremely proud to have Korys and Annie Vereecken as new investors and see this investment as a further validation of the value of our semantic data integration and search. We are convinced that with this investment we can become a world player in the analysis of big data, providing valuable information to our customers for making smarter decisions much better and faster.”
"Korys is excited to become part of an innovative player in the semantic search field"
“This transaction will allow Ontoforce to grow the capabilities of DISQOVER and accelerate the growth of its team and activities in the US, by being backed by a culturally compatible, long-term equity partner,” adds Dries Crevits, Executive Director, Direct Investments at Korys.
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