Five questions for… Nik Whitfield, founder of Panaseer

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What does your firm do?

What's been your greatest achievement so far?

Bringing together a hard-working and diverse team of world-leading data scientists and computer scientists.

What has been your biggest challenge?

In the beginning I constantly feared I was going to run out of money. After a year building a proof of concept it was wonderful and reassuring to raise $2.25m through a syndicated seed-investment round. This has enabled us to enhance the product and build the team. Last month we announced we had raised another $3.25m in funding from existing and new investors.

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What are your plans for hitting your targets?

This year we opened our first international office in New York. This was a response to demand from our growing Fortune 500 client base, as well as being a strategic decision to increase our market presence and identify the next wave of clients.

What advice would you give fellow entrepreneurs?

Maintain a positive outlook. Start-up life requires a lot of belief and dedication. Employees want and need to see a leader who believes the firm is on a path to success.

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