Today the startup has announced a £1.4m seed round led by ADV with participation from Seedcamp and EF.
Globalisation has led to the shrinking of time and space. But being global means organisations are managing much larger projects across unique markets creating unnecessary unknowns.
Nodes & Links are laser-focused on understanding and interpreting complexity for project leaders. The founders have a strong combination of theoretical and commercial experience in the field. Early progress has already shown us the size of the potential future.
‘Complex projects’ account for over 4% of the world’s GDP, yet only 8% of them complete on budget and on time. In addition, profits are regularly in the single digits. Today the company has announced that it has raised a £1.4M seed round to increase the performance of complex projects around the world and across all industries.
The company, which has a laboratory in Cyprus, has developed technology to quantify and control the effects of complexity. Its most recent deployments included de-risking the maintenance plan for a UK-based Nuclear Reactor; improving the baseline estimates of a £billion infrastructure project; and improving upon the industry-standard Critical Path Method by over 2,800% in the aerospace domain.
Nodes & Links CEO, Greg Lawton, said, “The world of the future will not look like the one today: it will have hyperloops; space travel; sustainable living and total global interconnectivity. All aspects of change will be driven in one way or another by complex projects. Through this investment we can accelerate our work to make these endeavours more efficient and effective. By taming complexity, we will enter a new era of productivity with the complex projects we undertake, achieving what was before thought to be impossible.”
Nodes & Links is now building its capability into a hybrid-collective intelligence called Aegis and partnering with some of the world’s largest organisations to deploy its intelligence.
The company graduated from EF’s 10 cohort last year.
Greg continued, “By quantifying the causal and probabilistic relationships that exist between project KPIs and human actions we give managers, sponsors and executives confidence in the delivery of their most ambitious endeavours. Moreover, we give them the opportunity to improve and learn over time. The change that we are ushering in is as philosophically important as automation was for manufacturing and agile was for software development, and that is really exciting. Through this investment we will be able to accelerate our growth and continue our work on producing world-leading research.”
Tom Wilson, Investment Partner at Seedcamp: “Rarely a week goes by without a headline somewhere highlighting the impact of the increasing complexity in projects across a multitude of verticals from construction to travel to defence. This pain point is being acutely felt and is impacting the entire economy as a result of spiralling and unpredictable costs. Nodes and Links are bringing increased clarity and predictability to such complexity and we’re delighted to be able to help them on their journey”
Alice Bentinck, co-founder of Entrepreneur First: “Complex projects are exactly that, and are notorious for being derailed by wide-ranging factors that severely compromise their delivery and profitability. And we’ve felt from the off that Greg and Christos, with their combination of first-hand experience and specific scientific study of the area, were the best people to solve this problem. We’re incredibly excited about what Nodes & Links will achieve, and in fact the changes they could facilitate in the world more generally.”