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Birmingham Post
Birmingham Post
Business
Graeme Whitfield

Data platform firm DiffusionData to open Newcastle office after securing £1m funding

Newcastle United States Maven

A data platform provider is to set up in Newcastle after receiving a £1m funding package from a North East jobs fund.

The North East Development Capital Fund (NEDCF), supported by the European Regional Development Fund and managed by Maven Capital Partners, has backed data platform provider DiffusionData to enable the business to continue with new product development and quality focus.

DifusionData - which is described as a “market-leading platform providing real-time, data streaming and messaging solutions that reduce network bandwidth requirements” - is moving to the Helix development in Newcastle city centre to open an engineering and testing hub that will create 10 jobs. The company’s Diffusion Intelligent Data Platform consumes raw data and aims to simplify and speed developments for companies, reducing operational costs and delivering hyper-personalized data to users.

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