Cambridge-based Foundries.io has been chosen as one of the ten winners of Tech Nation’s Rising Stars, the UK’s national early-stage tech scaleup competition.
Cambridge-based Foundries.io revealed as rising star of UK tech
George Grey, CEO, Foundries.io, commented:“We are delighted that Foundries.io has been recognised as a winner at the 2020 Rising Stars Final event, and we look forward to bringing our secure IoT software platform to more customers as we grow over the coming years."
Tech Nation announces the winning Rising Stars of UK tech
Tech Nation, the UK network for ambitious tech entrepreneurs, has today announced the 10 early-stage scaleup winners of its nationwide competition, Rising Stars.
The Rising Stars competition is the only national early-stage tech scaleup competition in the UK, and is designed to showcase the most exciting companies at Seed to pre-Series A funding from all areas of the country. Tech Nation’s Rising Stars are on track to become the world leading tech companies of tomorrow - the UK is a world leader in producing successful tech companies, and is now home to 77 billion-dollar businesses, double that of Germany and almost four times as many as Israel.
The final 10 winners were revealed at the Rising Stars Grand Final in London last night which was the culmination of nationwide search that saw the 33 regional winners revealed in November, followed by the Semi-Final in Manchester last month where a panel of judges whittled the finalists down to 20 companies.
At the Grand Final, the winners were required to pitch to a panel of industry leading judges, and in front of an audience of over 200 of the top venture capitalists, founders and corporates in the UK. The judging panel included techUK President, Jacqueline de Rojas, PrettyLittleThing co-founder Adam Kamani, and MD of Microsoft for Startups UK Amali de Alwis.
In its second year, the competition received almost 400 applications in total, a 39% rise from 2018 and attracted a diverse group of founders - 30% of the original applicants have at least one female founder, and 90% of companies who entered the final are from outside of London. Applicants were required to be at Seed to pre-Series A funding or generating annual revenues up to £1.5m.
The competition’s prize package has been built in response to the challenges which are faced by companies at this stage of growth, for instance, access to networks and platforms for promotion. The prize package and the competition itself aims to raise the profile of the winners nationally and internationally. It includes one-to-one support, introductions to potential partners and investors and support from the programme partners, BDO Drive, Microsoft Advertising, Soldo, Talent Works International and TLT LLP.
Previous Rising Stars winners include Tickr from Liverpool who went on to raise £1m through the Seedrs platform, SeedLegals who went on to raise Series A funding of over £3m led by SeedCamp and Kima Ventures, and Tended who raised £1.4m from Blackfinch Ventures and Minerva Angel Business Network. Other companies that took part in Rising Stars 1.0 have gone on to join Tech Nation growth programmes, including Kani and Heliocor who joined Fintech 2.0, and People Matter Technology who joined Tech Nation’s first Applied AI programme.
The Rising Stars winners:
Cambridge | Devices & IoT | @FoundriesIO
Foundries.io is addressing security and device management for IoT and Edge devices. FoundriesFactory is a self-service cloud solution that provides turnkey services to develop, secure, deploy and maintain embedded IoT and Edge compute products. They enable secure IoT devices and provide lifetime software maintenance at a fraction of current costs.
Birmingham | Ecommerce & Marketplace | @shopperdotcom
Shopper.com is a community driven global marketplace for online and offline voucher codes, covering thousands of e-commerce sites. It automatically applies the best value voucher code at checkout in one click for both mobile and desktop devices.
Cardiff | AI | @wbb_ai
We Build Bots delivers AI powered automation to the public sector, helping organisations deliver better, faster and cheaper citizen services. Leveraging bots, voice and conversational analytics, they help the public sector make better use of the data they collect, making it more predictive and more productive.
Edinburgh | Tech for Good | @neatebox
Tackling personal loneliness and communication, the Neatebox “Welcome” platform removes barriers and promotes empathetic relationships between consumers and customer service teams, promoting real societal change and heralding a new age of understanding and communication.
Glasgow | Healthtech & Biotech | @TMedicines
Talking Medicines captures the digital voice of the patient, aggregating it into patterns of behaviours and commercialising it to brand managers in pharmaceutical companies through subscription access. They put patient centricity at the core of what they do, aiming to improve outcomes of medicines.
London | Tech for Good | @hypdev
CoGrammar operates the largest coding education provider in Africa – HyperionDev. Through this, they source, select, train, and integrate full-time code reviewers from top African tech talent. This allows Western companies to affordably assess developers and technical team quality, whilst creating hundreds of jobs in African countries.
London | Fintech | @ClearGlassL
ClearGlass is a digital intermediary between asset managers and pension funds. It collects underlying costs and performance data from asset managers and helps pension funds decide which is the best fund to invest in for their members.
Manchester | SaaS | @tootootofficial
tootoot is award-winning software that supports the psychological safety and wellbeing of individuals within education, sport and the workplace. tootoot provides a way for individuals to raise a concern to their organisation with complete confidentiality.
Southampton | SaaS | Sparkbox.co
Working in the retail and fashion space, Sparkbox uses machine learning to reduce stock, improve profitability, and prevent over-discounting by optimising prices. Their AI helps retail teams leverage their data, understand the impact of pricing decisions and make the most of the inventory they own.
Truro | Digital Entertainment | @quizkit
Codices Interactive provides viewers with a live interactive video platform, enabling any broadcaster to create interactive shows. Its first product is now the most used gameshow creation tool on the Twitch platform, with 1,000+ monthly active broadcasters and 300,000 unique monthly viewers.
The prize package:
- Business plan diagnostic, delivered by accounting and business advisory firm, BDO
- Pitch training and coaching by Sunderland Software City
- Opportunity to pitch your business in front of over 200 investors, accelerators, entrepreneurs and corporate leaders
- Induction into the Rising Stars alumni network
- Speaking opportunities, thought leadership and press through the Tech Nation network
- Complimentary TLT Legalsifter subscription with onboarding
- Microsoft Advertising coupon worth £200 and Azure credits of $1500
- Complimentary annual subscription to Soldo and Xero
- Recruitment process analysis, reporting and recommendations by Talent Works International
Digital Minister Matt Warman said: "It's great to see such a diverse group of entrepreneurs from all over the UK involved in this competition and I’m excited to find out what's next for these world-leading tech firms of tomorrow.”
"This government is committed to making sure the UK is the best place in the world to start and grow a digital business. We've worked hard to develop a business friendly environment, a reputation for innovation and the ability to attract the best talent from across the globe."
Mike Jackson, Entrepreneur Success Director, Tech Nation, commented: “The Rising Stars announced today are great examples of the strength of the UK tech ecosystem. The winners highlight that innovation, determination and ambition in this fast growing sector can be found right across the UK. What the Rising Stars competition, and indeed Tech Nation, does is provide a platform to showcase these exciting and innovative companies.”
Esme Caulfield, Competitions Lead, Tech Nation, commented: "It's incredibly exciting to see how the Tech Nation Rising Stars competition has grown in the last year. The standard of companies from all parts of the UK has been impressive at every stage. I'm looking forward to following the winners' future successes and continuing to support them in their growth journey.”