Software start-up Particle Analytics, has attracted business leaders and investors to the official launch of its disruptive DEM simulation data analysis software.
Particle Analytics, which has already won awards for its innovation, has developed intelligent software that allows organisations across a range of industries to simulating the movement of bulk solids and particles in a more advanced, efficient and cost effective way.
The game-changing technology enhances the efficiency of the conventional Discrete Element Modelling (DEM) software by providing a more advanced and in-depth level of insight into the data produced, improving decision making and reducing costs. By reducing the time needed for DEM simulations from days to hours, businesses are able to get products and projects to market faster.
Having received nearly £300,000 in investment from Mercia Fund Management and a further £150,000 from Old College Capital, the University of Edinburgh's in-house venture capital fund, in 2015, Particle Analytics innovative technology has already generated considerable interest in corporations operating in industries spanning mixing, storage, transport, milling, excavation and soil movement across pharmaceuticals, mining, oil and gas, agriculture, manufacturing, construction and IT. Its portfolio of clients already includes Procter & Gamble, Johnson Matthey, Astec Inc and some research organisations.
The launch event which will be hosted this Thursday 3rd November, will be used as a platform through which the technology and the implications for business will be explained to investors, R&D specialists, and other organisations that use DEM technology to simulate and analyse the behaviour of materials such as coal, mined ores, soil, tablet, and powders.
Dr Carlos Labra, CEO and co-founder of Particle Analytics commented:
"This is a hugely exciting time for the business and we are looking forward to welcoming our current clients, potential collaborators and industry specialists to our commercial launch this week. We’re also thrilled a number of science and technology specialists will be attending, along with investors, academics from the University of Edinburgh and Edinburgh’s booming technology community.
"We’re creating significant savings for the businesses we’re working with at the moment by reducing the time required to run simulations, the expertise needed to analyse results, and removing the risk of making errors. 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."
In 2016, Particle Analytics won both Spin-Out of the Year at ERI's annual Inspire Launch Grow 2016 Awards, and a Scottish EDGE award which recognises entrepreneurial talent.