SCSS Trinity spin-out looks to make sense of disorganised data2018 June 18
Copy from Irish Times 14th June 2018
Data Chemist technology allows connections in data to be mapped
A Trinity spin-out has developed technology to allow companies to make sense of masses of data often lying uselessly filed in a disorganised manner.
The company, Data Chemist, has just raised $1.2 million (€1 million) to develop its platform to “full maturity”and fund what it hopes will be sharp international growth. Atlantic Bridge University Bridge Fund has led the funding round and its partner, Chris Horn, will join the company’s board.
The funding round was also supported by Enterprise Ireland. Trinity College retains a 5 per cent stake in the business alongside the company founders.
“The world of data is in upheaval because existing technology does not work,” says Data Chemist chief executive Kevin Feeney .
“We are trying to grow very fast. We would aim, within 18 months, to have been back in the market for up to 10 times the amount we have raised in this round.”
The company also hopes that rapid development will see it employ as many as 50 people within the next three years.
Speaking to The Irish Times, Dr Feeney said: “Machine learning is very trendy just now but people tend to focus on the sexy stuff. The more difficult stuff is taking existing data and making sense of it.
We set a structure of what the data should look like and then we work at fitting the data that a client has into that structure.”
Data Chemist is the brainchild of Dr Feeney and Gavin Mendel-Gleason. It had its origins in a €4 million EU-funded international research project on data quality.
Read more about this in the Irish Times here
Posted by: Catherine O'Connor, Head of External Relations, School of Computer Science and Statistics, Trinity College Dublin.
catherine.oconnor at tcd.ie