Brainnwave forms co-venture with Hatch following $10 million Series A investment
- Augmented business intelligence firm headquartered in Edinburgh secures $10.2m (Canadian Dollars) in Series A investment from Hatch, one of the world’s most prominent engineering, project management, and professional services firms.
- Investment establishes co-venture between two organisations which will fulfill Hatch’s digital ambitions and extend Brainnwave’s reach globally.
- Brainnwave team to grow by 100 people in new, highly skilled roles, allowing firm to scale up Edinburgh and London offices.
- Co-venture to initially focus on supporting organisations tackle their impact on climate change and urbanisation following COP26.
Brainnwave, the augmented business intelligence firm, has announced a Series A investment worth $10.2m (Canadian Dollars) with Hatch, one of the world’s most prominent engineering, project management, and professional services firms.
The two organisations have formed a co-venture focusing on developing applications and products combining Brainnwave’s machine learning and AI-powered analytics platform with Hatch’s deep knowledge of the metals and mining, energy, and infrastructure sectors.
The co-venture will allow Hatch to fulfil its digital ambitions and boost its digital practice by helping develop and deploy digital solutions. It will also provide Edinburgh-headquartered with access to clients on a global scale. The Series A funding will unlock a plan to grow Brainnwave’s headcount by 100 people in new, highly skilled roles, while in parallel upscaling the firm’s Edinburgh and London locations.https://www.uktechnews.info/deal-news-lite
Brainnwave’s augmented business intelligence solution – which is already used by organisations such as William Grant & Sons, Aggreko, and Metropolitan Thames Valley – combines data exploration and visualisation to rapidly improve decision-making capabilities. Its customised software solution enables the sourcing and aggregation of unlimited data combined with bespoke or industry reference machine learning algorithms and AI to help businesses unlock unrealised value in data, preparing them for a digital future.
Alim Somani, managing director of Hatch’s Digital practice said:
“We know our clients are facing tremendous challenges and need solutions now, not years from now. Our partnership with Brainnwave helps us develop practical, innovative solutions for our clients’ challenges and accelerates our ability to deliver them quickly so that our clients can begin to reap the benefits.”
Steve Coates, CEO and co-founder of Brainnwave, added:
“This partnership made sense because both organisations are like-minded in their entrepreneurial approach, willingness to do things differently and challenge the status quo, and propensity to develop game-changing solutions. This co-venture was the ideal opportunity to combine Brainnwave’s unique tech stack and expertise with the deep industry relationships and sector expertise of Hatch to build things together, tackling some of today’s most important issues.”
The co-venture will initially focus on creating solutions to target two of the world’s most pressing issues: climate change and urbanisation.
Following the conclusion of COP26 on 13th November 2021, the two firms believe that this presents a prime opportunity for businesses to consider their climate contribution and how they can limit their impact on the global emergency. Through the digital solutions and visualisation platforms created through the co-venture, organisations will be able to track, measure, plan, and most importantly, act upon their climate strategies across multiple assets while complying with regional regulations.
Hatch will bring its industry-leading expertise in climate change and technology together to create climate intelligence software that focuses on the unique challenges facing organisations in the metals and mining, energy, and infrastructure sectors. Utilising the Brainnwave platform, Hatch will be able to give organisations the power to put their plans into action and have a positive impact on the future of the planet.
The new platform will also play an integral role in helping governments globally to plan for a more sustainable future in the face of population growth, economic disparity, and climate change. Brainnwave will give local authorities the ability to dig deeper into their data, uncover actionable insights, and build economic development plans that will have a lasting impact on their communities for years to come.
Issued on behalf of Brainnwave. For further information please contact:
Kirsten Paul: [email protected] 07814 487 663
Hannah Walker: [email protected] 07747 548 939
Brainnwave delivers game-changing insights through data, helping clients transform their businesses. Our augmented business intelligence solution leverages industry leading cloud computing and storage capabilities to combine machine learning and AI to deliver business impacting insights, visualised intuitively. We are an award-winning entrepreneurial team with a passion for challenging the norm. Founded in Edinburgh in 2015 by Steve Coates and Graham Jones, Brainnwave has had demonstrable early success in the mining, energy, beverage, and social housing sectors and is growing rapidly to meet client demand, experiencing more than 300% growth in 2021.
Whatever our clients envision, our engineers can design and build. With over six decades of business and technical experience in the mining, energy, and infrastructure sectors, we know your business and understand that your challenges are changing rapidly. We respond quickly with solutions that are smarter, more efficient, and innovative. We draw upon our 9,000 staff with experience in over 150 countries to challenge the status quo and create positive change for our clients, our employees, and the communities we serve. Hatch customers include Rio Tinto, Transport for London and Crossrail, General Fusion, and Sun Cable.