Announcing Atomico V


This post is curated by Keith Teare. It was written by Eleanor Warnock. The original is [linked here]

Atomico Partners in January 2020

Today, we announce Atomico V. 

Our latest fund doubles down on our core strategy: to partner with mission-driven European founders at Series A and beyond, where our Growth Acceleration Team of operational partners can best be deployed to help them scale. At $820 million, our fund size also enables us to continue to invest at Series B and C into breakout companies.  

We partner with ambitious founders who deliver positive, transformational change – across every aspect of our society and economy – building category winners and sector definers. Backed by breakthrough technology and innovative business models, we continue to believe that entrepreneurs are the ultimate gamechangers. They take risks and push boundaries to rewire the world in favour of something better for as many people as possible.

We’re proud to have an increasingly diversified institutional investor base aligned with our vision, who are as excited as we are by the strength of European tech. Atomico V was oversubscribed, closing above our target of $750m to take Atomico’s total AUM to $2.7B. Investors in this fund included a mix of high calibre global institutional investors, existing and new, including pension funds, fund-of-funds, sovereign wealth funds, insurance companies, endowments, banks, family offices and government-backed entities from across the world.

Many of Europe’s most successful entrepreneurs and operators have also endorsed our mission. We’ve been joined by a number of founders and early team members from some of Europe’s most iconic start-ups of the past decade – including Adyen, Klarna, Continue reading “Announcing Atomico V”

Announcing Atomico V


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

Atomico Partners in January 2020

Today, we announce Atomico V. 

Our latest fund doubles down on our core strategy: to partner with mission-driven European founders at Series A and beyond, where our Growth Acceleration Team of operational partners can best be deployed to help them scale. At $820 million, our fund size also enables us to continue to invest at Series B and C into breakout companies.  

We partner with ambitious founders who deliver positive, transformational change – across every aspect of our society and economy – building category winners and sector definers. Backed by breakthrough technology and innovative business models, we continue to believe that entrepreneurs are the ultimate gamechangers. They take risks and push boundaries to rewire the world in favour of something better for as many people as possible.

We’re proud to have an increasingly diversified institutional investor base aligned with our vision, who are as excited as we are by the strength of European tech. Atomico V was oversubscribed, closing above our target of $750m to take Atomico’s total AUM to $2.7B. Investors in this fund included a mix of high calibre global institutional investors, existing and new, including pension funds, fund-of-funds, sovereign wealth funds, insurance companies, endowments, banks, family offices and government-backed entities from across the world.

Many of Europe’s most successful entrepreneurs and operators have also endorsed our mission. We’ve been joined by a number of founders and early team members from some of Europe’s most iconic start-ups of the past decade – including Adyen, Klarna, Continue reading “Announcing Atomico V”

Introducing Conscious Scaling


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

We are all acutely aware that the growth of the tech giants of the 21st century has had both significantly positive, and seriously negative, consequences for society. Tech remains the most trusted of any industry, yet tech companies face questions on everything from workers’ rights to enabling the manipulation of democracy. In the face of global backlash, tech is waking up to the fact that it must answer not only to shareholders, but to the public. 

As venture capitalists, our business model depends on finding, investing in and accelerating the growth of early-stage companies that have the potential to become the next generation of enduring global champions. At scale, their products and services could have a similarly large impact on society, often in ways that were not foreseen during the formative early years.

Of course we can’t see the future, but we can and we should imagine what might happen. Just as both founders and investors challenge themselves to imagine what might happen on the upside if all the stars align, we must challenge ourselves to imagine how technology can negatively impact the welfare of all stakeholders – including employees, suppliers, customers, citizens, and the planet. It is in part because investors have not adequately considered groups other than shareholders that capitalism’s ability to increase the prosperity of all is being called into question. We must invest in companies that return profits but also create returns for society. If not, we’re setting capitalism up to fail. 

The data doesn’t lie. Customers are demanding that companies think about social and environmental impacts –  a third of global consumers are now buying from brands that are doing social or environmental good. 71% of European consumers consider living an ethical or sustainable lifestyle to be important in creating a feeling of wellbeing

Talent – the most important ingredient of successful tech companies – is also asking companies to be more thoughtful. 28% of tech workers in the UK have seen decisions made about technology that they felt could have negative consequences for people or society. 18% left their jobs as a result. 

Other studies and statistics show that consideration of social and environmental factors equal better performance. It’s clear that profit and purpose are not mutually exclusive, they’re mutually reinforcing. 

That’s why Atomico has developed Conscious Scaling, a framework for dialogue between founders and investors/the board focused on identifying and mitigating long-term risks associated with a business model or technology’s impact on society, the environment, and all stakeholders. We believe that companies that fail to successfully mitigate these risks will not realise their full potential. 

We have been running sessions with founders we have partnered with for the last nine months. The founders we’ve worked with want to learn from the negative consequences of the previous generation of tech leaders, and have embraced the opportunity to make time to be challenged on the potential risks of their future success. One said that doing this session sent “a very strong signal to the wider team that our lead investor is indeed supportive and behind our mission.” 

We’ve discovered that many companies have concerns about risks in similar areas, such as the misuse of technology, data security, and how technology can potentially dehumanise employees or customers. The discussions have also led to decisions to adopt non-commercial KPIs, to track misuse of platforms, build policies for ethical pricing, and to consider whether or not they would work with customers such as big tobacco or the defense industry. Teams also have spoken about the importance of having a strong value set to underpin those decisions. We check in every six months and board members can hold founders accountable at board meetings. 

Given our position of influence as board members, venture capitalists are well-placed to help companies consider those factors when they are small and in their formative years. Waiting until a company has 500 employees on 3 continents is too late – at that point culture and operating principles are set and much harder to unwind. We also have a responsibility as stewards of our investors’ capital, board members, and members of society to ensure we are doing everything we can to set these companies up for long-term success and avoid negative external consequences.

We believe we can help accelerate meaningful change and progress in our industry by making the tools that we use available to the entire community. We have open-sourced a Conscious Scaling framework here. 

Please share your feedback with us. We know we do not have all the answers. We hope to inspire some new thinking and build advocacy among our investing peers to ask these hard questions. 

We hope this is a step in the right direction to make future technology companies stronger and better for society; we believe that companies which are more mindful of long-term risks today will be more successful tomorrow.

The post Introducing Conscious Scaling appeared first on Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond.

Introducing Conscious Scaling


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

We are all acutely aware that the growth of the tech giants of the 21st century has had both significantly positive, and seriously negative, consequences for society. Tech remains the most trusted of any industry, yet tech companies face questions on everything from workers’ rights to enabling the manipulation of democracy. In the face of global backlash, tech is waking up to the fact that it must answer not only to shareholders, but to the public. 

As venture capitalists, our business model depends on finding, investing in and accelerating the growth of early-stage companies that have the potential to become the next generation of enduring global champions. At scale, their products and services could have a similarly large impact on society, often in ways that were not foreseen during the formative early years.

Of course we can’t see the future, but we can and we should imagine what might happen. Just as both founders and investors challenge themselves to imagine what might happen on the upside if all the stars align, we must challenge ourselves to imagine how technology can negatively impact the welfare of all stakeholders – including employees, suppliers, customers, citizens, and the planet. It is in part because investors have not adequately considered groups other than shareholders that capitalism’s ability to increase the prosperity of all is being called into question. We must invest in companies that return profits but also create returns for society. If not, we’re setting capitalism up to fail. 

The Continue reading “Introducing Conscious Scaling”

Our Partnership with scoutbee: building the procurement of tomorrow


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

German Gregor Stühler and Northern Irelander Lee Galbraith came from different countries and different backgrounds but faced similar challenges. At drive-technology manufacturer Wittenstein, Gregor saw the price of rare earth magnets rise ten-fold after China closed markets for such materials. Leading sales operations at Lidl, Lee saw how difficult it was to source simple items such as individual bags for bread. When fate brought them together at a gathering in L.A., they bonded over the difficulties of supplier discovery. That’s when they decided to solve this problem. 

Despite increasing supply chain costs and complexity, rising geopolitical tensions, and concerns about sustainability, there is often no insightful, transparent and hyper-efficient way for companies to connect with suppliers. Private sector companies spend on average 43% of their total costs on external purchasing, yet many still knock on doors or rely on outdated black books of contacts and emails to find vital suppliers. 

They found the final member they had been missing when they met Fabian Heinrich through a mutual introduction. Fabian had scaled several global companies for Rocket Internet in Asia and the Middle East. 

Leveraging their combined knowledge of supplier discovery and building robust technology platforms across a range of geographies and industries, Gregor, Lee and Fabian founded scoutbee to create the procurement of tomorrow. 

Atomico is proud to announce its partnership with scoutbee. At Atomico, we believe in the power of technology to create a more transparent, fair economy, and this is exactly what scoutbee are doing by helping the right purchasers and the right suppliers connect, anywhere in the world. As part of this deal, Partner Hiro Tamura will join the board. 

Scoutbee’s three products provide data about the relationships of more than one billion suppliers, let procurement professionals manage an entire RFI and RFP process from start to finish and manage supplier relationships long-term, taking the process down from months and dozens of hours of work to only a few days. Finally, customers can access customer-specific data lakes. 

Scoutbee’s intelligent technology is already enhancing supplier discovery at major multinationals including Audi, Airbus and Bosch and has helped to save billions of dollars. Over the next 18 months, scoutbee aims to facilitate $100B in trading volume across high value global sectors including automotive, off-highway and industrial machining, aviation and retail. 

We’re excited to join the scoutbee team on their journey. 

The post Our Partnership with scoutbee: building the procurement of tomorrow appeared first on Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond.

Our Partnership with scoutbee: building the procurement of tomorrow


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

German Gregor Stühler and Northern Irelander Lee Galbraith came from different countries and different backgrounds but faced similar challenges. At drive-technology manufacturer Wittenstein, Gregor saw the price of rare earth magnets rise ten-fold after China closed markets for such materials. Leading sales operations at Lidl, Lee saw how difficult it was to source simple items such as individual bags for bread. When fate brought them together at a gathering in L.A., they bonded over the difficulties of supplier discovery. That’s when they decided to solve this problem. 

Despite increasing supply chain costs and complexity, rising geopolitical tensions, and concerns about sustainability, there is often no insightful, transparent and hyper-efficient way for companies to connect with suppliers. Private sector companies spend on average 43% of their total costs on external purchasing, yet many still knock on doors or rely on outdated black books of contacts and emails to find vital suppliers. 

They found the final member they had been missing when they met Fabian Heinrich through a mutual introduction. Fabian had scaled several global companies for Rocket Internet in Asia and the Middle East. 

Leveraging their combined knowledge of supplier discovery and building robust technology platforms across a range of geographies and industries, Gregor, Lee and Fabian founded scoutbee to create the procurement of tomorrow. 

Atomico is proud to announce its partnership with scoutbee. At Atomico, we believe in the power of technology to create a more transparent, fair economy, and this is exactly what scoutbee are doing by helping the right purchasers and the right suppliers connect, anywhere in the world. As part of this deal, Partner Hiro Tamura will join the board. 

Scoutbee’s three products provide data about the relationships of more than one billion suppliers, let procurement professionals manage an entire RFI and RFP process from start to finish and manage supplier relationships long-term, taking the process down from months and dozens of hours of work to only a few days. Finally, customers can access customer-specific data lakes. 

Scoutbee’s intelligent technology is already enhancing supplier discovery at major multinationals including Audi, Airbus and Bosch and has helped to save billions of dollars. Over the next 18 months, scoutbee aims to facilitate $100B in trading volume across high value global sectors including automotive, off-highway and industrial machining, aviation and retail. 

We’re excited to join the scoutbee team on their journey. 

The post Our Partnership with scoutbee: building the procurement of tomorrow appeared first on Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond.

Our Partnership with scoutbee: building the procurement of tomorrow


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

German Gregor Stühler and Northern Irelander Lee Galbraith came from different countries and different backgrounds but faced similar challenges. At drive-technology manufacturer Wittenstein, Gregor saw the price of rare earth magnets rise ten-fold after China closed markets for such materials. Leading sales operations at Lidl, Lee saw how difficult it was to source simple items such as individual bags for bread. When fate brought them together at a gathering in L.A., they bonded over the difficulties of supplier discovery. That’s when they decided to solve this problem. 

Despite increasing supply chain costs and complexity, rising geopolitical tensions, and concerns about sustainability, there is often no insightful, transparent and hyper-efficient way for companies to connect with suppliers. Private sector companies spend on average 43% of their total costs on external purchasing, yet many still knock on doors or rely on outdated black books of contacts and emails to find vital suppliers. 

They found the final member they had been missing when they met Fabian Heinrich through a mutual introduction. Fabian had scaled several global companies for Rocket Internet in Asia and the Middle East. 

Leveraging their combined knowledge of supplier discovery and building robust technology platforms across a range of geographies and industries, Gregor, Lee and Fabian founded scoutbee to create the procurement of tomorrow. 

Atomico is proud to announce its partnership with scoutbee. At Atomico, we believe in the power of technology to create a more transparent, fair economy, and this is exactly Continue reading “Our Partnership with scoutbee: building the procurement of tomorrow”

New Year, New Partner: Recognising Irina Haivas

Irina Haivas

At Atomico, we believe that our most important investment as a firm is in our team. It is our team that is building a leading European investment platform for generations to support the region’s most ambitious entrepreneurs. We are therefore happy to announce the promotion of Irina Haivas to Partner.  

Since joining Atomico in 2018, Irina has led Atomico’s partnerships with three gamechanging teams transforming health with technology: Healx, AccuRx and Kheiron Medical. Her promotion recognises the impact she has had in identifying and partnering with founders tackling some of our greatest challenges – from accelerating treatment discovery for rare diseases and enabling better diagnostics with AI, to improving the quality of lives of doctors and patients with better communication. 

Irina’s career has crossed industry lines and geographies, as she has pursued her passion for science and health through investing, consulting and, originally, as a practicing surgeon. Continue reading “New Year, New Partner: Recognising Irina Haivas”

Introducing the Atomico Angel Programme Year 2

Twelve months ago, we launched our angel programme led by Partner Sophia Bendz, one of Europe’s most experienced angel investors. We’re proud to share lessons today from the first year of the programme and announce a new, expanded group of talented individuals for the second year. 

Results and Insights from the First Cohort

12 individuals from eight countries participated in the first cohort. The high percentage of investments into female founded-companies and purpose-driven companies confirms our conviction that angel investing is a powerful tool for solving tech’s diversity problem and also solving some of the world’s biggest issues. Here is an overview of the first cohort’s investments:

Presenting the 2019 State of European Tech report

This is a transcript of Partner Tom Wehmeier’s presentation of the highlights of the annual State of European Tech report at Slush in Helsinki on November 21, 2019. If you want to know more, explore the full report – published in partnership with Slush and Orrick. Where possible, we’ve linked to data in the report referenced in the presentation.

Hello Helsinki! Back in 2015, Slush and Atomico decided to produce a comprehensive, data-driven report to measure the State of European Tech. We’re 5 reports in now and still going strong thanks to our data partners and the support of Orrick. We made a call to not distribute print copies here at Slush this year. We’re mindful of the environment, but we’re also mindful of the report’s growing weight!  

The story of what’s happening Continue reading “Presenting the 2019 State of European Tech report”

The 2019 State of European Tech Report is Live


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

Thanks to our partners, Slush, our incredible data partners, and thousands of people in the region who have shared their experiences, the State of European Tech report is once again the single, most comprehensive data-driven story of European technology today. 

We encourage you to explore the full report, but in case you only have a few minutes, here are five main takeaways. 

  1. Another record year for investment into the European tech ecosystem. We are on track to surpass $110B capital invested in Europe since 2015. Three countries – the UK, Germany, and France – have seen over $10 billion cumulative capital invested since 2015. 
  2. We got 99 problems but a Unicorn ain’t one. There are 99 VC-backed tech companies with a valuation of more than $1 billion – a unicorn – in Europe. 20 countries in Europe have at least one VC-backed unicorn. 
  3. We surveyed more than 1,200 founders from across Europe – explore the dataset! 81% lived comfortably/met basic expenses with extra left over before founding. 21% of founder respondents self-identify as female.  
  4. There is no material improvement in the share of capital invested in European tech companies going to diverse founding teams. $92 of every $100 invested in Europe went to founding teams that are all men. For every woman executive in tech, there are 12 men executives. 
  5. European tech is distinguishing itself through purpose. There are more than 500 European tech companies founded since 2005 that are tackling at least one of the UN’s Sustainable Development Goals as a core part of their mission. $5.5B was invested in purpose-driven European tech companies in 2019, which represents 12.3% of total capital, more than double any previous years. 

Check out the full report. 

The post The 2019 State of European Tech Report is Live appeared first on Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond.

Our partnership with Healx: revolutionising rare disease treatment discovery


This post is by Eleanor Warnock from Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond

Everything changed for drug discovery wizard Dr David Brown and PhD biophysicist Dr Tim Guilliams when they came across the story of Matt Might, an American entrepreneur whose persistence resulted in his disabled, sick son being diagnosed with a completely new, rare disease. 

There are currently around 7,000 rare diseases, affecting 400 million people in the world – a group as large as the population of the USA – 50% of which are children. These conditions are often chronic and life threatening, and the vast majority have a genetic component. Only 5% have a treatment. 

David and Tim saw how the medical profession had let Matt down, and realized that Matt and his son were not alone: the traditional drug discovery model does not serve rare disease patients. 

Traditional drug discovery is predominantly focused on blockbuster drugs for prevalent, well-known diseases; it’s expensive, risky and takes many years which rare disease patients don’t have. Using the commercial model, it typically takes 12-15 years with a price tag of between $2-3bn and a failure rate of 95% to develop a drug. 

That’s why they founded Healx. The company’s mission is to improve the lives of rare disease patients by using AI to accelerate the discovery and development of treatments at scale.

Atomico is proud to announce its partnership with Healx. At Atomico, we believe in the power of technology to change lives, and that mission-driven approach at Healx immediately stood out to us. As part of this investment, Atomico Principal Irina Haivas will join the board. 

Combining innovative technology, deep pharmacological expertise and extensive patient engagement, Healx has developed the world’s most comprehensive AI-based drug discovery platform for rare diseases. They’ve named it Healnet, and they can use it to move towards clinical trials for new treatments 80% faster, 80-90% cheaper and with a greater chance of success than conventional drug discovery methods. 

Using Healnet, Healx have already discovered potential treatments for diseases such as Fragile X syndrome, Pitt Hopkins, neuroblastoma and CDKL5 which were validated in preclinical testing. In partnership with the FRAXA Research Foundation, Healx are set to start clinical trials for Fragile X – the leading genetic cause of autism – later this year. 

Healx are also launching the global Rare Treatment Accelerator programme with this round of funding. With Accelerator, Healx and partnering patient groups will be able to scale the impact of this approach by leveraging the power of AI and combining their knowledge, information and expertise so that, together, they can discover new treatments and move them towards the clinic within 24 months. Patient communities can apply to join the Rare Treatment Accelerator online.

Healx’s mission is to advance 100 rare disease treatments towards the clinic by 2025.

We are excited to join the Healx team on their journey. 

the Healx team
The Healx team today

The post Our partnership with Healx: revolutionising rare disease treatment discovery appeared first on Atomico: European Venture Capital Firm Partnering With Companies at Series A and Beyond.

Our partnership with Healx: revolutionising rare disease treatment discovery

Everything changed for drug discovery wizard Dr David Brown and PhD biophysicist Dr Tim Guilliams when they came across the story of Matt Might, an American entrepreneur whose persistence resulted in his disabled, sick son being diagnosed with a completely new, rare disease. 

There are currently around 7,000 rare diseases, affecting 400 million people in the world – a group as large as the population of the USA – 50% of which are children. These conditions are often chronic and life threatening, and the vast majority have a genetic component. Only 5% have a treatment. 

David and Tim saw how the medical profession had let Matt down, and realized that Matt and his son were not alone: the traditional drug discovery model does not serve rare disease patients. 

Traditional drug discovery is predominantly focused on blockbuster drugs for prevalent, well-known diseases; it’s expensive, risky and takes many

the Healx team

Continue reading “Our partnership with Healx: revolutionising rare disease treatment discovery”

Our Partnership with Kheiron Medical: giving people a better fighting chance against cancer

Kheiron Medical founders

As a child, Peter Kecskemethy spent many hours after school in his mother’s radiology department. He saw first-hand the stress and extreme workloads that she and other radiologists face every day, and the worry when deciding if a patient has cancer or not. He vowed to one day find a way to ease this burden by supporting doctors with more accurate and efficient diagnostic solutions. 

Diagnosing and tracking the progression of cancer is an extremely challenging and time-consuming task, even for the most experienced radiologists. A massive shortage of radiologists in many countries, coupled with an ever rising demand for imaging is adding even greater pressure to the doctors who are responsible for making critical decisions about patient care. 

That’s why Peter founded Kheiron Medical with his co-founder Tobias Rijken. Kheiron is focused on radically improving imaging-based cancer diagnostics and patient outcomes across the globe to give people Continue reading “Our Partnership with Kheiron Medical: giving people a better fighting chance against cancer”

Our partnership with Koru Kids: improving family well-being

Koru Kids founder Rachel Carrell with her children at work.
Photo by Fiona Freund, Motherworks

When Rachel Carrell – a native New Zealander living in London – had her first child and watched her friends start families, she realized how difficult childcare is in the U.K. It’s expensive,  difficult to coordinate, and options such as nurseries don’t work for many families. “I also saw lots of female friends unable to go back to work, or making career choices they didn’t really want to make, just because they couldn’t find the right childcare. I felt deeply that this was unfair, and bad for society,” she says. 

Childcare is an increasing headache for UK families balancing work and family. Arrangements can be difficult and expensive, as 91% of local authorities in London have significant gaps in the supply of childcare available to their communities and the cost of childcare to families in the UK has outpaced inflation by 2.5x Continue reading “Our partnership with Koru Kids: improving family well-being”

Recognising the achievements of a great founder-funder

Carter Adamson, our colleague in New York, has been with Atomico since 2015, but his relationship with many in the Atomico team stretches back even further to his days as Head of Product at Skype, co-founder of Rdio and Atomico’s very first Entrepreneur-in-Residence (EiR) a decade ago.  

At Atomico our goal is to be the leading European technology investment platform. To achieve that we need great people, a commitment to developing our talent and deep relationships in the world’s largest consumer markets. We’re therefore happy to announce the appointment of a long-time Atomican to Partner.

His appointment to Partner recognises the impact that he has had in finding and partnering with game-changing late-stage founders in the U.S. who are looking to scale globally. In his new role, he’ll continue to manage sourcing and our relationship with key co-investors in the States, as well as applying his deep knowledge Continue reading “Recognising the achievements of a great founder-funder”

Our partnership with Infarm: making cities self-sustainable in producing food

Erez Galonska grew up in a village in Israel, where he watched buildings slowly displace farms. When he was older, he searched for a way to reconnect with nature and learned about different farming techniques around the world, including the Canary Islands where he experienced how hard it was to be completely self-sufficient. When he did move back to a city, he was shocked at the lack of taste and freshness in store-bought produce. He wanted to find a way to offer cities scalable solutions to achieve fresh, high-quality, self-sustaining food production.

The consumption of fresh produce – which is rarely native to most end markets – is a huge environmental burden on our planet. Seasonless appetites, lengthy transportation routes, and overused soil take a heavy toll not just on the environment but also on taste and nutrition.

Production of fresh produce is centralised in only few climate zones with Continue reading “Our partnership with Infarm: making cities self-sustainable in producing food”

Our partnership with Spacemaker: Designing better, more sustainable cities with AI

Five years ago, Håvard Haukeland was an architect in Oslo who had just received his dream project: he was asked to design a large residential development. As with any project, it was complex, and he asked experts for help as he worked on his design – including acoustic engineers, people to assess daylight, accessibility consultants. Not only did the experts take a long time to get back to him, they gave him conflicting information; the optimal plan from the acoustic engineer left more of the apartments in shade, while the sunlight specialists suggested a plan that would have been more noisy for residents. Håvard wanted to find a better way to marry all these recommendations  and come up with the best possible plan across all these criteria.

Our planet’s population is exploding. By 2050, 2.5 billion more people will be living in cities – to accommodate them, an area Continue reading “Our partnership with Spacemaker: Designing better, more sustainable cities with AI”

Our partnership with Peakon: insights to enable everyone to reach their full potential

Five years ago, four friends and entrepreneurs with a track record of building some of Europe’s most successful technology startups from Songkick to Podio and Qype came together. Two Danes, Kasper Hulthin and Christian Holm, and two Brits, Phil Chambers and Dan Rogers, believed there was a problem tech hadn’t yet solved.

Employees are a company’s most important asset and in most developed economies, firms spend 60% of costs on people. Yet, they rarely put any budget towards measuring and analyzing employee sentiment and productivity and improving retention. As a result, most companies only check in with employees once a year at most, and employees feel that feedback is never acted upon. Managers have no way to make evidence-based and data-driven decisions to help employees reach their full potential.  

That’s why the four friends founded Peakon, with the mission of impacting the world’s productivity and happiness by using Continue reading “Our partnership with Peakon: insights to enable everyone to reach their full potential”

Our partnership with Automation Hero: empowering information workers through AI

German entrepreneur Stefan Groschupf has spent the past 25 years developing machine learning solutions for some of the most complex enterprise environments. As one of the earliest big data activists working on the Apache Hadoop project, and most recently with big data business intelligence company Datameer  – which counted over 50% of the Fortune 50 as customers – he has also proved himself able to scale companies on both sides of the Atlantic.

But as Stefan saw a shift in customer demand from business intelligence to business automation, and in emerging technologies from big data to AI, he knew there was a new opportunity to be captured, and moved his sights to building the next generation of robotic process automation.  

The robotic process automation (RPA) market has seen extreme growth in the last few years, but current technology was architected over a decade ago and is limited to automating Continue reading “Our partnership with Automation Hero: empowering information workers through AI”