The business claimed that Enterprise Ireland and Elkstone Partners are leading this investment round to support its strategy for faster development.

The firm will increase roles across all departments, including product development, sales and marketing, and customer success, bringing the total number of employees to 70.

Joulica CEO Tony McCormack said: “The firm will be able to expand on its current success and maintain its position as the industry leader as a result of the growth.

According to Tony McCormack, the firm is excited to announce this growth with the help of Elkstone and Enterprise Ireland as it works to establish itself as the top provider of real-time analytics solutions.

Based on Tony, “this growth will accelerate our product development roadmap, enable customer and partner expansion, attract top talent, and allow us to continue our mission of enabling organisations to deliver superior customer experiences powered by real-time analytics.”

There are exciting days ahead for the outstanding team at Joulica as they continue with their innovative expansion plans, according to Simon Coveney, Minister for Enterprise, Trade, and Employment.

The firm, which is located in Galway and plans to hire 40 more locals, has a well-deserved reputation for providing excellent customer care, the Minister added.

I also want to congratulate the team on their recent successful investment round, which will help the firm achieve its ambitious worldwide expansion objectives, the CEO continued.

The founding team of Joulica, according to Niall McEvoy, Venture Partner at Elkstone, “has built all the foundations necessary to drive accelerated growth in a rapidly expanding space.”

“The firm has the desire to grow across global markets, a blue-chip customer and channel partner base to develop on, and a best-in-class product. Elkstone is pleased to welcome Joulica to its list of outstanding Irish technology firms, and it looks forward to assisting the team as it grows.”

As stated by Anne Lanigan, Divisional Manager, Technology and Services at Enterprise Ireland, the organisation looks forward to assisting the business in expanding its global business model through support from its network of 39 international offices and the creation of more highly skilled jobs at the company's headquarters in Galway.