Local company will use investment to enhance infrastructure and support growth strategies.
April 3, 2019, Peoria, IL -
Central Illinois Angels, a membership-based angel investment organization composed of business leaders and professionals in Central Illinois, has invested in Peoria, IL based TADA Cognitive Solutions.
“We are excited to invest in a startup that’s here in our backyard and has a promising future to grow in Peoria,” said Jim Cote, President of the Central Illinois Angels Board of Directors. TADA started in Peoria in 2017 as a spinoff of CGN and has shown significant potential and growth over the past two years.
The funding will allow TADA to accelerate its growth trajectory and continue to build both its technical capabilities and sales pipeline. Seshadri Guha, CEO and Founder of TADA said, “We are pleased to include the Central Illinois Angels among our group of notable investors as we continue to grow our customer base and outstanding employees to serve them. Peoria is our home and we are proud to be recognized for our potential to enhance the local economic growth by the members of the Central Illinois Angels.”
TADA’s proprietary platform turns complex data into a competitive advantage. The platform aggregates existing information, from multiple data sources within an organization, quickly and easily. TADA can then visualize and analyze data to drive intuitive decision making across an organization. Leadership of the Angel group has been working closely with leadership of TADA as the company has started to gain traction in the marketplace. The timing was right for additional investment.