Edinburgh-based data protection startup ionburst has won Pitch of the Day at the EIE21 tech investor conference.
Run by the University of Edinburgh’s Bayes Centre in partnership with the DDI (Data-Driven Innovation) initiative and supported by Scottish Enterprise, EIE21 is a year-round programme highlighted by a day of pitching to investors from across the globe.
Taking place on June 10th at a virtual event, the investor day showcased several data-driven startups as they pitched for funding from seed to series A.
Amongst these were Earth Blox, Bridgeweave, Net AI, iOPt, Libereat, Beta Bug, Nebu-Flow, Transwap and GoBubble, with ionburst being recognised as providing the Pitch of the Day.
The company’s platform addresses data leaks in the cloud for SMEs and larger corporates at a time when hackers and ransomware are becoming more prevalent worldwide.
CFO of ionburst Anne Lanc, a former Treasury Director at BlackRock, said: “We’re delighted to win EIE21, it’s such a prestigious event and the standard of competition was incredibly high, and now that EIE has showcased us we look forward to speaking to investors that want to help us build a global business.”
Previous EIE Pitch of the Day winners include Callum Murray-founded identity verification software specialist Amiqus, Amy Williams-founded ethical advertising technology startup Good-Loop, and Rotimi Alabi-founded “laboratory on a chip” tech firm RAB-Microfluidics.
CEO of the UK Business Angels Association Jenny Tooth OBE said: “It was such a pleasure to chair an investment panel at EIE21 alongside my esteemed investor panelists.
“The quality of entrepreneur pitches was excellent, showcasing some very significant innovations and disruptive technologies applied across a wide range of sectors and markets. It’s great to see EIE go from strength to strength.”
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EIE has supported over 500 tech startups since 2008 who have collectively raised over $1 billion from seed through to Series A and later stage funding – with Current Health, FanDuel, Celtic Renewables, Amiqus, Novosound, Two Big Ears, Speech Graphics, pureLiFi and mLed among EIE alumnus companies.
Mike Welch OBE, one of the keynote speakers at EIE21 who is now running one of the world’s largest online tyre retailers, Miami-headquartered Tirebuyer, commenting on Scotland’s tech scene said: “Scotland now has a digital friendly ecosystem, it’s a great time to be based in the country, be part of the set-up and take advantage of the opportunities available.”