DIGIT Deal Roundup: August 2019

DIGIT Deal Roundup August

DIGIT’s Deal Roundup column for August 2019 features new partnerships and funding from companies such as Care Sourcer, Money Dashboard and QueryClick. 

Acquisitions

Synpromics 

Roslin Innovation CentreUS biotech company, AskBio, has acquired Edinburgh-based life sciences firm, Synpromics.

Synpromics was founded in 2010 by Dr Michael Roberts to commercialise proprietary and patent-pending technology in the emerging field of synthetic biology.

The firm has developed a data-driven bioinformatics platform, known as PromPT, which assists scientists in developing next-generation cell and gene therapy techniques.

Following the acquisition, Synmpromics will operate as a wholly-owned subsidiary of AskBio and will remain headquartered at the Roslin Innovation Centre, Midlothian.

Sheila Mikhail, CEO and co-founder of AskBio, said: “With the Synpromics acquisition, we have enhanced our collective ability to develop highly targeted and maximally expressed gene therapies.

“Today, AskBio is better positioned to tackle larger pathway diseases as we continue our efforts to bring curative therapies for rare diseases to patients in need.”

Although both companies will operate as separate entities, moving forward the two will share intellectual property and plans are underway to integrate Synpromics’ technology with AskBio’s gene therapy platform.

Want to find out more? Read the original article here.


Funding

Care Sourcer

Care Sourcer EdinburghEdinburgh healthtech company Care Sourcer will create around 70 new high-value jobs after securing £1.5 million in RSA funding from Scottish Enterprise. The funding boost will help take the firm’s headcount to over 100 and comes amid an exciting period as it continues to scale.

Commenting on the funding announcement, CEO and co-founder Andrew Parfery said: “As we look to further scale the business in the months and years ahead, the support from Scottish Enterprise will enable us to grow the team to keep apace with our strategic growth plans.

“We are building a fantastic team at Care Sourcer and we’re excited at the prospect of even more talented people joining the fold as we look to fix the broken care system in this country.”

Michael Cannon, head of grants at Scottish Enterprise, added: “Care Sourcer is a fantastic example of an ambitious, growing Scottish technology company that’s making a real difference to the quality of people’s lives. With our support, Care Sourcer can significantly scale up and enable local individuals, families and communities to benefit from these new quality jobs being created.”

Want to find out more? Read the original article here.


Money Dashboard 

Money Dashboard EdinburghEdinburgh fintech, Money Dashboard, has raised £4.6 million in funding, thanks to investment from 3,300 crowdfunding investors, in what is the biggest fintech fundraise on Crowdcube this year. The Scottish Investment Bank and Calculus Capital, existing investors, also contributed to the investment.

Steve Tigar, Money Dashboard CEO, said: “We’re absolutely thrilled to have secured this latest round of funding, particularly with the backing of over 3000 people who share our vision. We are now equipped and ready to help people from every walk of life master their money.”

Luke Lang, co-founder of Crowdcube, said: “Money Dashboard’s vision to help people better manage their money has once again resonated with many of our investors.

“It’s fantastic to see an innovative business connect their community, fuel their growth and take those investors, in this case, on their journey to create a fairer financial landscape.”

Kerry Sharp, director of Scottish Investment Bank, added: “Having supported Money Dashboard from an early stage, it is great to see the business raising the funds required to implement the next stage in its growth.

“The FinTech sector is a key industry in Scotland’s economy and we look forward to continuing to work with the company, both from an investment perspective and through our account management support, to deliver its long-term growth ambitions.”

Want to find out more? Read the original article here.


QueryClick 

Edinburgh Digital MarketingQueryClick plans to expand its operations following a £2 million investment boost, which was led by Archangels in partnership with the Scottish Investment Bank (SIB).

The Edinburgh-based digital marketing firm said it also planned to mount a “significant marketing effort” to accelerate its growth in the fast-developing digital advertising industry.

Niki McKenzie, investment director at Archangels, said: “Knowing which advertising works – and which doesn’t – has always been the holy grail for advertisers.

“QueryClick’s software is already proving its immense value to its early adopters, making us confident that, with the right support, QueryClick will prove to be another success story for Scotland in this fast-developing sector.”

Chris Liversidge, founder and CEO of QueryClick, commented: “When digital marketing took off, everything was supposed to be measurable and optimisable – but, in fact, attribution has for years been digital marketing’s broken promise.

“We recognised that the emergence of machine learning offered a new opportunity for our industry to get attribution right for advertisers, who deserve batter, and this investment gives us renewed impetus to take our unique solution out to them.”

Want to find out more? Read the original article here.

Partnerships

Abertay University

DIGIT Deal Roundup AugustThe university has announced it will work with Culture Perth and Kinross as part of a project to create interactive digital resources for museum collections. Museums Galleries Scotland (MGS) will provide funding of almost £60,000 to support the development of digital resources which aim to connect a “diverse range” of audiences with its various collections. The organisation’s collections span natural history, archaeology and fine art.

Dr Sloan commented: “At Abertay, we are passionate about bringing our expertise in game design and computer arts into the heritage sector. This project with Culture Perth and Kinross presents us with a fantastic opportunity to contribute to the design and development of a creative digital collections platform, and explore how user interaction and playful design can enhance audience engagement with our shared heritage.”

Gillian Findlay, interim head of museums and collections at Culture Perth and Kinross, said: “This funding from Museums Galleries Scotland enables the MyMuseum project to become a reality, and allows Culture Perth and Kinross a wonderful opportunity to open up the collection to a wider audience by taking a very creative approach.

“The project will use technology to create a series of engaging heritage experiences, allowing online visitors the chance to experience Perth and Kinross’ distinctive culture and heritage with cutting-edge digital expertise.”

Want to find out more? Read the original article here.


Cyan Forensics 

DIGIT Deal Roundup AugustCyan Forensics has secured its first major partnership in the US with the National Centre for Missing & Exploited Children (NCMEC). The partnership with NCMEC is the company’s first step to introducing its tool to social media companies, network operators and US law enforcement.

Commenting on the partnership, Cyan Forensics co-founder and CEO, Ian Stevenson, said: “This is a partnership of shared values, and we are delighted to be working with such a respected force in the fight against child abduction, abuse, and exploitation.

“Cyan Forensics can support NCMEC with the great work it is already doing to help protect children both on and offline. We are proud to be associated with an organisation at the forefront of the field, and look forward to discussing how we can help other future partners across America.”

John Clark, president and CEO of NCMEC, added: “Timing is often critical in these cases, and we’re excited at the prospect of new technology that could provide faster access to information that will help rescue children from abuse. Cyan Forensics’ technology has the power to make a big impact in the fight against online child sexual abuse imagery.”

Want to find out more? Read the original article here.


Fife Council 

DIGIT Deal Roundup AugustThe council has teamed up with French-headquartered electronic transactions firm Ingenico to create a fintech consortium aimed at creating opportunities for young people in Fife.

Ingenico, which has a base in Dalgety Bay, will spearhead to group, which involves Fife payments technology companies large and small and will work to tackle the digital skills gap.

Fife Council’s Convener of Economy, Tourism, Strategic Planning and Transportation Committee Cllr Altany Craik, said: “The opportunities being created here will help avoid a potential skills gap and give people the qualifications and skills they need to work in this industry. It’s a fantastic example of different sectors working together for everyone’s benefit.”

Matt Kennedy, software development manager at Ingenico, will lead the Fintech Consortium. He said: “With the support of Fife Council, the consortium is a great vehicle for local fintech companies to collaborate positively on common areas of interest such as funding, education and building a larger talent pool within Fife Fintech.”

Want to find out more? Read the original article here.


Robert Gordon University

Scottish wind farmsRobert Gordon University (RGU) is to partner up with Silicon Valley tech company, Flicq, as part of a new project to improve wind farm output. Long-term, the project could help to reduce the downtime of wind turbines and greatly improve the efficiency of farms throughout the UK.

RGU and Flicq will collaborate to better predict failures at windfarms through the analysis of sensor data and ensure that onshore and offshore sites generate the maximum possible capacity.

Roddy Urquhart, managing director at Flicq UK, the company’s Aberdeen-based subsidiary, emphasised the importance the project could have on minimising downtime at offshore sites.

He said: “With heavy investment in offshore wind, it is important that the condition of wind turbines is accurately monitored to minimise downtime.”

Andrei Petrovski from RGU, said: “Our collaboration with Flicq UK will see us apply powerful computational approaches to improve wind turbine condition monitoring, tackling a significant challenge to the renewable energy industry.”

Want to find out more? Read the original article here.


Robotical 

hearts edinburgh roboticalEdinburgh tech startup, Robotical has partnered with Heart of Midlothian FC to provide digital skills workshops as a part of an initiative being run by the Hearts Innovation Centre.

Sponsored by Baillie Gifford, the centre aims to help develop important skills for people in the local community.

It is hoped the centre will help address the national digital skills shortages as well as assist in regenerating the local area. Hearts’ digital education programmes will be available for young people in the surrounding community and will see the creation of a robotics club complete with workshops and educational sessions.

Commenting on the announcement, Hearts’ director of community and partnerships, Ann Park, said: “The Innovation Centre is a key component in our plans to make Tynecastle Park a hub for social and economic good in the community. Thanks to the support of Robotical, we are offering young people fantastic opportunities to develop coding and robotics skills for the future.”

Hearts’ CEO and chairman, Ann Budge, said: “I know from personal experience just how important it is for young people, particularly those in less affluent areas, to be given opportunities to develop and acquire valuable skills.

“I hope that our Innovation Centre might help unearth the next generation of successful entrepreneurs, as well as a legion of recruits for Scotland’s digital economy.”

Want to find out more? Read the original article here.



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