Fortive and American Electric Power led a £12m Series B round in Datamaran.

Fortive, an industrial technology conglomerate company, led a £12m Series B round in Datamaran, a risk management software platform, with participation from American Electric Power. "After years of expansion, organic growth and achieving profitability, we see even more potential for the strategic insight we provide. This investment provides us with the capital necessary to match the growth opportunities that are increasing at an ever-faster pace as customers, employees and regulators double down on their ESG expectations," Marjella Lecourt-Alma, Datamaran CEO and Co-Founder.