Mind Foundry is developing algorithm-based data analytics software for the industrial technology, finance, commerce and consumer data sectors.
Mind Foundry, a UK-based machine learning and data analytics spinout from University of Oxford, today secured an undisclosed amount of capital from the Parkwalk Opportunities Fund.
Further details on the investment round were not provided. Parkwalk Opportunities Fund is managed by commercialisation firm Parkwalk Advisors and runs under the UK’s Enterprise Investment Scheme tax relief framework.
Spun out from Oxford’s Machine Learning Group unit, Mind Foundry will commercialise algorithm-based data analytics software and has already sealed contracts in the industrial technology, financial, commerce and consumer data sectors.
Mind Foundry previously raised an undisclosed amount of capital in 2016 from University of Oxford Innovation Fund II, an investment vehicle for Oxford alumni and supporters operated by Parkwalk and tech transfer office Oxford University Innovation (OUI).
The business is managed by a team of four – including Stephen Roberts and Michael Osborne, who are lead and co-lead of the Machine Learning Group respectively.
Roberts and Osborne work with David Pool, chief executive, who acted as Mind Foundry’s project director at OUI, and John Clarke, who is chairman and once led technology transformation at banking group Barclays.
