The $6.5m investment into Xertica, which Dalus Capital led alongside Endeavour Catalyst and EMTV, will allow it to expand its digital capabilities and take advantage of the growing public cloud storage and processing market, both in Latin America and across the globe.

It will also see Xertica double its investment into developing new analytical, data and machine learning services which will be available to more than 3,000 businesses.

The IT storage and processing industry is shifting toward Cloud, as opposed to on-site storage. The Cloud market in Latin America is growing rapidly, at more than 27% annually, and is expected to be worth more than $35 billion by 2021.