13 new firms have joined Tech Nation‘s eleventh ‘Future Fifty’ programme; marking maybe its most regionally numerous line-up but.
The Future Fifty programme is a development programme for late-stage tech companies. Now in its eleventh yr of operation, alumni embrace the likes of Revolut, Skyscanner, Monzo and Deliveroo.
Over the previous 10 years, the programme has supported 30 of the 138 tech unicorns based within the UK, who’ve raised £16.3billionn collectively (contributing to over a 3rd of the £47.1billion raised by all UK-founded unicorns).
This week, on the eve of its eleventh yr, Tech Nation confirmed the names of the 13 firms as a consequence of be a part of the programme.
Collectively, the 13 firms becoming a member of Future Fifty 11.0 function in 19 totally different nations, confirming it to be essentially the most regionally numerous cohort but, with 46 per cent of the late-stage firms hailing from outdoors of London.
The cohort consists of:
The London-based utilized synthetic intelligence (AI) firm builds AI that helps organisations flip their information into insights, methods and choices. Its Frontier product gives a scientific strategy to determination intelligence, serving to organisations make sturdy, proactive choices.
The London-based healthtech firm seeks to deal with the varied challenges surrounding a scarcity of healthcare workers with software program that helps healthcare suppliers construct, prepare and function a versatile staffing pool.
Graphcore, which is headquartered in South West England, has developed an intelligence processing unit (IPU) for AI computing which lets innovators create the following breakthroughs in machine intelligence to boost human potential.
The e-commerce fulfilment supplier, once more positioned in South West England, allows retailers to entry a whole fulfilment operation. It arranges the choosing, packing and posting of merchandise to clients through a worldwide service community, permitting on-line retailers to concentrate on rising their enterprise.
Somersham-based Paragraf manufactures high-purity graphene (for making electronics) at scale which integrates into ready-to-use merchandise that may be adopted by clients and companions to assist the development of their applied sciences.
Cambridge-based AI firm Speechmatics have developed computerized speech recognition expertise that understands each human voice. It presents speech recognition for answer and repair suppliers to combine into their stack no matter their business or use case.
The Fashionable Milkman
The local weather tech firm, which is predicated in Manchester, applies expertise to assist customers return and reuse packaging whereas encouraging them to buy ethically and conveniently.
“Future Fifty presents an incredible alternative to speed up the work we’re doing as a enterprise that wishes to have a constructive affect on the atmosphere and drive client change,” feedback Simon Mellin, CEO of The Fashionable Milkman.
“The collaboration and knowledge-sharing alternatives we’ve already skilled as members of the Upscale 7.0 cohort have been invaluable,” continues Mellin.
The London-based firm has developed self-driving expertise in an try and reimagine autonomous mobility by means of machine studying. It’s the first to deploy autonomous autos on public roads with end-to-end deep studying.
The London-based open banking platform permits firms to entry monetary information and provoke funds. Designed and constructed for open finance, the corporate builds scalable and safe open banking infrastructure and instruments to energy innovation.
The identification platform, based mostly in London, gives options equivalent to reusable digital ID, identification and age verification and e-signatures authentication. Its digital identification app allows onboarding with 5,500 identification paperwork from over 200 nations and helps 17 languages.
The insurance coverage firm, being one other London native on this record, has created a ‘win-win’ mannequin which advantages people, companies and society. Its app allows YuLife policyholders to finish on a regular basis wellness actions with the intention to earn YuCoin, which they will use to purchase presents for themselves, mates or household, or to enhance the world by means of planting bushes and donating to charity.
London’s Zilch allows clients to pay on debit or credit score for no curiosity or late charges. As one of many UK’s first pay-over-time suppliers to be granted a client credit score licence by the Monetary Conduct Authority (FCA), Zilch’s open banking-backed credit score various is designed along side regulators to make sure client safety and monetary well being when borrowing.
Macclesfield-based Zuto is working to make automobile financing extra clear. It goals to eradicate any confusion surrounding whether or not a buyer is definitely permitted for finance, what APR they are going to be supplied, how a lot they will borrow, or which number of lenders clients can be supplied. Its platform connects clients with the perfect lender for his or her circumstances and makes use of buyer information to return an APR and month-to-month compensation, with an upfront approval.
As a late-stage tech enterprise, the stakes are excessive, and Future Fifty was designed to supply steerage to deal with challenges distinctive to essentially the most profitable tech firms within the nation.
The entire firms becoming a member of Future Fifty 11.0 are anticipated to develop over the approaching months, with their common projected headcount improve for the following yr sitting at over 400 per cent, and with the companies planning to develop to 44 nations collectively within the subsequent yr.
Over the following six months, the most recent Future Fifty cohort can be guided by means of their scaling journey with entry to peer-to-peer studying alternatives, open dialogue between skilled entrepreneurs and founders, in-depth masterclass classes run by seasoned coaches, classes with key authorities officers and ministerial roundtables, and entry to a devoted Tech Nation Visa workforce.
HSBC UK, Evelyn Companions and Slaughter and Might can be programme companions for this yr’s programme and can present assist, experience and insights to the brand new cohort.