DataChemist has spun out from Trinity College Dublin with support from University Bridge Fund to commercialise an analytics platform for disorganised data.
DataChemist, an Ireland-based enterprise data analytics spinout from Trinity College Dublin (TCD), officially launched on Tuesday with €1.2m ($1.4m) in seed funding led by spinout-focused investment vehicle Atlantic Bridge University Bridge Fund.
Government-owned enterprise support agency Enterprise Ireland also supplied funding. University Bridge Fund is backed by TCD, University College Dublin and the EU-owned European Investment Fund.
Founded in 2018, DataChemist is developing data analytics technology that automatically compiles disorganised data into graphs and other digital publishing interfaces.
The system consistently monitors stored data in real-time and alerts the client when specific expectations have been broken.
DataChemist said it has assembled an international client base and was working on unspecified data analytics assignments for “global leaders”. Chris Horn, venture partner at Atlantic Bridge, has joined DataChemist’s board of directors.
Leonard Hobbs, director of Trinity Research and Innovation, TCD’s tech transfer office, said: “We saw first-hand how the technology behind DataChemist can bring clarity and insight to researchers handling large and complex data sets.
“We are confident that they will be able to translate this research into the commercial world, highlighting Ireland’s growing excellence in the tech space.”
