Edinburgh spin-out reaches commercial milestone
Edinburgh tech start-up Particle Analytics is set to embark on its official commercial launch this Thursday (3 October) in the company of top business leaders, investors, academics who have been attracted by its disruptive simulation technology.
The University of Edinburgh spin-out company, which has already won a string of awards for innovation, says it has developed intelligent software which allows organisations across a range of industries to simulate the movement of bulk solids and particles in a more advanced, efficient and cost effective way.
Its “game-changing technology” is reported to enhance the efficiency of conventional Discrete Element Modelling (DEM) software, reducing the time needed for simulations from days to hours.
Particle Analytics claims it provides a more advanced and in-depth level of insight into the data produced, improving decision making and reducing design risk. Businesses are also able to get products to market faster at a much reduced cost.
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 from companies involved in a wide range of industrial applications spanning mixing, storage, transport, milling, excavation and soil movement across sectors as diverse as pharmaceuticals, mining, oil and gas, agriculture, manufacturing and construction.
Its portfolio of clients already includes Procter & Gamble, Johnson Matthey, Astec Inc and a number of research organisations.
The official launch event will be used as a platform to showcase the technology and its implications for business. Guests will also hear about the benefits being derived by existing customers and how Particle Analytics software stands to revolutionise the field of DEM simulation and visualisation.
Dr Carlos Labra, CEO and co-founder of Particle Analytics, 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.”
In 2016, Particle Analytics won both Spin-Out Out of the Year at ERI’s annual Inspire Launch Grow 2016 Awards and a Scottish EDGE award which recognises entrepreneurial talent.