PRESS RELEASE
TORONTO, Canada – June 5, 2023 – Delphic Research, a rapidly emerging leader in the government affairs technology sector, announced today that it has closed a $1.1 million seed funding round. This funding will be used to enhance Delphic Research's proprietary knowledge engine, Argus, and expand its growing customer base in both Canadian and international markets.
"With these new funds, Delphic Research is incredibly grateful to have investors who share our vision of transforming the government affairs sector through knowledge," said Jason Grier, President and CEO of Delphic Research.
"Government affairs professionals influence all aspects of business and organizations, and yet, how information is accessed is becoming more complex every day. We are committed to equipping them with the best possible tools to monitor and respond to the constantly evolving political and regulatory landscape."
The government affairs sector plays a crucial role in shaping public policy and government priorities. With 20% of all workers in Canada employed in the public service and over 20 million people employed by state, local, and federal governments in the U.S., the need for effective, efficient monitoring and analysis tools is more urgent than ever. This is especially true given the increasing complexity of the regulatory and policy climate and the rising volume of issues that professionals in the field need to track.
A recent survey by Fiscal Note revealed that nearly half of all respondents ranked the volume of issues they need to track as their number one concern, with 80% admitting to missing critical legislation or regulatory announcements at least once. In response to this challenge, Delphic Research has developed a solution that monitors thousands of sources, synthesizes that information into actionable insights, and delivers knowledge to customers in a digestible format.
Reaching our seed round funding milestone will allow Delphic Research to accelerate its ambitious product development roadmap, expand its team, and continue delivering indispensable insights to its growing customer base.
The company's subscription-based service utilizes innovative technology to deliver an optimized user experience, minimizing extraneous information and maximizing valuable insights for its clientele. By doing so, it enables customers to efficiently allocate their time and resources, resulting in cost savings. Additionally, the service guarantees that subscribers remain up to date on pertinent developments, ensuring they maintain a well-informed stance.
About Delphic Research Group Inc.:
Delphic Research is on a mission to elevate the government affairs profession through knowledge. Its innovative, subscription-based service monitors thousands of sources where information of relevance may emerge, synthesizes that information into actionable insights, and delivers that knowledge to customers in a professional and digestible format, with a focus on relevance and impact.
For more information, visit www.delphicresearch.ca or book a consultation to discover the Delphic Advantage.
Press Contact: Lindsay Broadhead | VP Communications | lindsay.broadhead@delphicresearch.ca
