Data Tech Start-up TUBR Secures £473K Investment for Rapid Growth
Sheffield-based data technology start-up TUBR has recently secured £473,000 in funding to support its rapid growth plans. The investment, which includes £100,000 from Finance Yorkshire’s Seedcorn Fund, will enable TUBR to advance its machine learning platform and increase the speed of implementing its services.
TUBR, founded by entrepreneur Dash Tabor, offers a machine learning platform that helps businesses turn data into informed actions quickly. The technology can be applied in various sectors, such as retail and environmental control, to predict future events and make data-driven decisions.
With a previous funding round in 2022 that attracted interest from US-based venture fund BlueWing VC, TUBR has relocated its business from London to Sheffield Technology Parks. Tabor was drawn to South Yorkshire because of the support available to start-ups and the opportunity to tap into the technology park’s ecosystem for business development.
The investment from Finance Yorkshire and other investors will not only help TUBR advance its technology but also facilitate the expansion of its customer base. Tabor believes that machine learning and AI are crucial for companies to remain competitive in a post-pandemic world. The funding will enable TUBR to enhance its solution, which can predict demand and improve operations for businesses.
Alex McWhirter, the CEO of Finance Yorkshire, commended Tabor’s vision and ambition for her solution, stating that the seedcorn fund is perfect for supporting start-ups like TUBR. He emphasized the rapid progression of data technology and expressed his satisfaction in supporting TUBR and Tabor’s entrepreneurial spirit.
Tom Wolfenden, CEO of Sheffield Technology Parks, expressed excitement about TUBR’s relocation and praised the company as an excellent example of a London-founded start-up choosing Sheffield for its unique advantages. He is confident in TUBR’s growth and technological development and looks forward to being part of their journey at Sheffield Technology Parks.
Finance Yorkshire’s seedcorn fund is part of a broader regional business fund, expected to provide over £50m to SMEs over five years. In addition to the seedcorn fund, investment opportunities are also available through Finance Yorkshire’s growth and business loans funds.
TUBR’s recent funding success demonstrates the growing interest in data technology start-ups and their potential to drive innovation across various industries. With the support of Finance Yorkshire and other investors, TUBR is well-positioned for rapid growth and the continued development of its machine learning platform.
