Bengaluru-based iMerit Technology Services Pvt. Ltd, which is focused on data annotation and enrichment, has raised $20 million in a Series B funding led by CDC Group Plc, the UK government’s development finance institution, per an announcement. iMerit’s existing investors also participated in the financing. “This new funding will enable iMerit to continue to provide enterprise-scale and quality to a large client base in a fast-growing and evolving market,” iMerit CEO and founder Radha R. Basu said.

(Dealstreet Asia)