Platinum Informatics has received two grants for its big data analytics software, which could find utility in segments including pharmaceuticals and healthcare.
University of Dundee spun out UK-based Platinum Informatics on Tuesday to develop big data analytics software for life science and industry clients.
Platinum Informatics is designing cloud and on-premises software that performs big data management, visualisation and analysis, with features such as a streamlined drag-and-drop interface.
The software is built for life science-related segments including pharmaceuticals, biotechnology and healthcare, as well as government research laboratories and small and medium-sized enterprises.
The spinout advances research from University of Dundee’s Laboratory for Quantitative Proteomics, led by Angus Lamond, a biochemistry professor in the School of Life Sciences.
It launched with a grant from charitable foundation Wellcome Trust intended to fund analysis of human disease mechanisms.
Platinum has also received a feasibility grant from government-owned economic development agency Scottish Enterprise’s Smart:Scotland initiative. It will use the funds to develop additional software products.
John Rowan, vice-principal for research, knowledge exchange and wider impact at University of Dundee, said: “The work of professor Lamond and colleagues has been established as world-leading for many years, and the launch of this new company builds on that extremely strong base.
“We are always looking to see how the knowledge generated at the university can be applied to create wider economic benefit and jobs, so it is hugely encouraging to see an innovative new company like Platinum Informatics being formed.”
