First two start-ups for Founders Factory’s AI accelerator programme announced
University of Birmingham data firm Illmur and London-based AI research assistant Iris.ai will receive six months of hands on growth support
The first two companies to join Founders Factory and CSC Group’s six-month artificial intelligence (AI) accelerator programme have been revealed.
Founded in 2013 at the University of Birmingham, Illmur helps organisations understand and predict behaviour by turning datasets into 3D patterns. Its clients include government departments, large financial institutions and housing organisations.
Iris.ai, the second start-up to join, was founded in Norway in 2015, but has since relocated to London. It is a an AI research assistant that allows users to search and map over 60 million open access research papers from across different disciplines.
The two companies will receive hands on support from Founders Factory and CSC Group to help accelerate their growth.
Henry Lane Fox, co-founder and CEO of Founders Factory, said: “We are delighted to welcome Iris.ai and Illumr to Founders Factory. Our team looks forward to supporting these ambitious founders as they continue to build out their products, expand their market presence and drive value for their customers.”
Xiangshuang Shan, chairman of CSC Group, added: “We are very impressed with the strength of illumr and Iris.ai’s technology and look forward to delivering our comprehensive plan to work with these businesses to lead changes in these industries.”