Firm winning plaudits
Software spin-out drawing industry interest
Software company Particle Analytics, an Edinburgh university spin-out, will tomorrow (3 Nov) launch its simulation technology, which has already attracted attention from investors and academics.
The company has developed intelligent software that aims to help businesses get products to market faster and more cheaply.
Last year it was awarded almost £300,000 from Mercia Fund Management and a further £150,000 from Old College Capital, the university’s in-house venture capital fund. It later secured £40,000 in funding from Scottish EDGE.
Interest has been shown from companies involved in industrial applications such as storage, transport, milling, excavation and soil movement working in pharmaceuticals, mining, oil and gas, agriculture, manufacturing and construction.
Procter & Gamble, Johnson Matthey, Astec and a number of research organisations are among a growing client portfolio.
Dr Carlos Labra, chief executive and co-founder, said: “This is a hugely exciting time for the company and we are looking forward to welcoming our clients, potential collaborators and industry specialists from around the world to our commercial launch this week.
“We’re also thrilled a number of science and technology specialists will be attending, along with investors and academics from the University of Edinburgh.
“Our software is already delivering significant benefits for the businesses we’re working with, helping them gain greater insights into their simulation activity. Feedback has been resoundingly positive and we look forward to the opportunity to explain the innovation and technology behind our software at the launch.”
Tom Ogilvie, enterprise manager at Edinburgh Research & Innovation (ERI), said: “The launch of Particle Analytics is another prime example of how the University of Edinburgh is dedicated to successfully translating its world-class research into practical application by industry through Edinburgh Research & Innovation, the University’s commercialisation arm.
“We are delighted to have supported the commercialisation of this industrially important university technology into a Scottish-based spin-out company that will undoubtedly have a bright future.”