As if there weren’t enough technology startup accelerators already in Europe, yet another launched today with the hope of attracting ‘cloud’ based startups in the areas of Big Data, Machine Learning and other similarly high-end areas. But unlike some, this one will have some pretty heavyweight serial entrepreneurs involved. SeedCloud is an new London-based incubator which also announces its first transaction, a £500,000 fundraising for Sentience Technology.
SeedCloud is the brainchild of Stephen Chandler (ex-MessageLabs and managing partner at the cloud-focussed VC Notion Capital) and Graham York (ex HP senior CTO and director of a number of enterprise software companies). They hope to bring to bare their technical expertise in Cloud architectures (back-end scalable Cloud platforms), mobile, Big Data analytics, semantic and NLP, AI / Machine Learning and graph (social and collaboration) architectures.
The incubator wil be leveraging the UK Government’s Enterprise Investment Scheme (EIS) programs which have won plaudits for their investor-friendly terms.
SeedCloud’s first venture is Sentience Technology, which provides a real-time enterprise recommendation engine for both content and sources of expertise by creating a knowledge graph within the enterprise.
SeedCloud joins Seedcamp and TechStars London (formerly Springboard) and other incubators/accelerators in the city, though the latter two don’t particularly specialise in any one area. So the highly technical focus of Seedcloud is probably to be welcomed.