Venture capital firm Kernel invests in data business

Cork-based venture capital firm Kernel Capital is actively pursuing more investments after putting €1.1m into an IT company that assists companies and government departments manage data.

Kernel Capital said it was investing €1.1m in Automated Intelligence, a Belfast-based company specialising in moving and organising sensitive data for companies online. The investment in Automated Intelligence reached €1.65m, with the remainder put in by a private investor.

Clients of the firm include Nationwide, Statoil, British government departments and local councils in Britain such as Cardiff, Islington and Oxfordshire.