There is no hiding the fact that Edinburgh is the technology capital of Scotland. The city is buzzing with tech startups.
Skyscanner and Fanduel seem to gather most of the column inches, but there is a wealth of clever Edinburgh technology companies working away, establishing international credibility and growing rapidly.
In the first of a series of articles in conjunction with StartEdinburgh we highlight Administrate, Aridhia, FreeAgent, snap40 and sensewhere.
Kendra Byers, managing director of StartEDIN said “StartEDIN is the brand for all players in the tech ecosystem to get behind to help promote Edinburgh to the world as the Tech hub it is. Edinburgh is uniquely positioned as one of the best start-up destinations – that includes strong research, serious investment, cultural heritage, and a fantastic lifestyle.
StartEDIN aims to celebrate our successes world-wide while encouraging collaboration and providing support to companies at all stages of growth and development. Our tech eco-system deserves better recognition.”
Online training software company Administrate, has opened a Middle East and North Africa (MENA) office in Beirut, Lebanon as part of their expansion strategy and was the first Scottish tech company to do so.
The company recently secured £577,000 in funding from Scottish angel group Archangels and the Scottish Investment Bank as it prepares for its next phase of growth.
Currently at 46 employees, with three in the pipeline, 61% of the company joined between August 2015 and now.
As part of the £200 billion training services market there is plenty of opportunity for international expansion for Administrate as CEO John Peebles explains –
“Training has never been more important to employers and individuals and as expectations around the quality of education rise and the delivery of training increasingly shifts online our software becomes a must-have for any organization committed to providing a holistic training experience. Education is rapidly and fundamentally changing and we’re excited to help position our customers at the forefront of this transformation.”
Founded in 2007, Aridhia is a world-leading clinical and translational informatics company developing technology and capability that helps transform clinical research into clinical practice.
The Edinburgh and Glasgow based firm is a regular partner to universities and research organisations around the world.
Most recently the firm's data analytics platform and services ecosystem, AnalytiXagility, has been selected for use in a landmark £6.9m Alzheimer’s Dementia research project helping researchers analyse data gathered from 250 volunteers recruited from existing study cohorts led by the Dementias Platform UK.
Current CEO Chris Roche was appointed in April 2015 succeeding co-founder David Sibbald who moved to the chairman role.
Aridhia’s 50-strong multidisciplinary team is delivering services across the UK and Europe in collaboration with the NHS, research organisations, life sciences companies, IT service providers and patients.
Edinburgh based FreeAgent has signed up a slew of partners recently as the company develops its accountancy reseller channel and now boast a user base of nearly 50,000 small businesses, freelancers and their accountants across the UK.
Set up in 2007 by Ed Molyneux and his cofounders, the company now employs over 100 people and has raised more than £7m in funding to accelerate its grown in the now competitive SME and freelance online accounting sector.
In 2015, the company secured £1m in its first crowdfunding campaign through equity crowdfunding site Seedrs.
Health tech startup, snap40, has secured £2 million in funding in what is thought to be the largest ever seed round by a Scotland-based startup.
Led by CEO and co-founder, Christopher McCann, the firm has a clear mission to change healthcare globally by enabling hospitals to catch deteriorating health earlier using its own medical-grade vital signs monitoring wearable arm-band and accompanying analysis software platform.
The patient monitoring market is estimated to be worth over $35 billion but remains dominated by a small number of multi-nationals focused on critical care monitoring.
Edinburgh-based snap40 uses a single medical wearable device to continuously monitor patients from the upper arm across more health indicators than any other single device on the market. Crucially, the company then uses this data to identify, in real-time, patients at risk of deteriorating. By alerting doctors and nurses early, they can take action, potentially saving the patient's life, improving outcomes, and allowing them to return home sooner.
The company has already built a core team of 5 and is recruiting a further 4 software engineers and data scientists over the coming 5 months, as well as building its commercial team during 2017. snap40 is currently demonstrating the performance of its product in a major clinical trial at a UK hospital and will be on the market in early 2017. The company has substantial customer interest already, including a contract with NHS England via the SBRI contracting process, the first phase of which has been successfully delivered.
sensewhere has recently moved into prestigious new Princes St offices after a successful launch in Asia with China’s biggest technology giant, Tencent. sensewhere has also recently secured a £1.4m grant from Scottish Enterprise to create jobs and further develop its indoor positioning software.
sensewhere is pioneering the creation of software that offers universal location and navigation data in dense urban areas including shopping centres and airports, where GPS and other global navigation satellite systems are blocked.
Determined to maintain its place as a leader in the market, sensewhere hope the continued developments to its technology will not only improve services for its existing clients but also help build on its international client base, which currently includes global names such as Tencent and TomTom.
While GPS is the most well-known positioning technology, it has serious limitations inside buildings and in dense, built-up areas. sensewhere’s indoor positioning technology tackles these problems by using a database of electromagnetic sources, such as Wi-Fi, Bluetooth signals and other sensors to triangulate a user’s location.