The funding will help support MTab’s growth and global expansion, as well as technological enhancements to its platform.

MTab, which was founded three decades ago in California, provides customer intelligence and market research tools, with its Insight Platform helping to explore, analyse and visualise survey data.

Mark Langsfeld, chief executive at MTab, said: “This new round will help MTab accelerate innovation in several key areas and broaden our product offering so we can help existing customers scale their insights while expanding in new markets.

“The funding will enable us to accelerate the growth of our team and invest even more in visualisation and artificial intelligence features.”

Leon Chen, managing partner at Kayne Anderson Growth Capital, added: “MTab solves the fundamental pain points of bringing enterprises’ siloed market research together into one place for insight discovery, analysis and visualisation.

“We are extremely excited to partner with the company and leverage Kayne Anderson’s resources to grow the business into a clear market leader.”