Searchspace today announces that it has received a £9 million investment. HSBC Private Equity invested £5 million and Friends Ivory & Sime Private Equity provided £4 million. 

Searchspace takes artificial intelligence to the heart of modern business with its Intelligent Enterprise Framework™ (IEF). This provides a first generation electronic workforce in which systems take an active part in the running of an organisation. Searchspace are seen as pioneers of this technology and their current customers include Bank of New York, London Stock Exchange, Royal Bank of Scotland, Archipelago Pacific Exchange, Lloyds of London, Bank of Scotland and other leading organisations. 

Jason Kingdon, CEO of Searchspace said: "This is extremely good news and once more demonstrates the importance of the products we are producing. We believe Searchspace is offering some of the most exciting software that exists anywhere with the ability to make an enormous impact on businesses - this includes reducing costs, improving efficiencies, controlling risks and driving returns."