Edinburgh-based training software management platform Administrate has secured a £3.05m funding round.
The cloud-based platform is used by corporate clients to manage training operations and integrates with existing Learning Management Systems.
Administrate, which raised £5m last year to support its expansion into the US, has also launched an AI scheduler to help enterprise customers automate the planning of training activities.
Customers of the platform include Siemens, Royal Caribbean and Maersk.
“It’s an exciting time for Administrate and our customers – we’ve been thrilled with the positive impact we’re seeing with the scheduler and other platform improvements, and this investment will allow us to continue to invest in and scale our offering,” said Administrate CEO John Peebles.
The round was led by the Investment Fund for Scotland, managed by Maven Capital Partners and delivered by the British Business Bank.
“The software developed by Administrate is already being used successfully by several multi-national organisations and this funding boost will enable the business to take that one step further with inbuilt AI,” said Mark Sterritt, director of nations and regions funds, at the British Business Bank.
“Technology is one of Scotland’s fastest growing sectors, but ensuring entrepreneurs have access to funding opportunities through the likes of the Investment Fund for Scotland is essential to ensure that momentum continues.”
Existing investors Mercia and Archangels also supported the round.
The Investment Fund for Scotland previously backed Edinburgh-based 3D-printed micro-tumour technology firm Carcinotech.