Data Tech Start-up TUBR Secures £473K Investment for Rapid Growth, UK

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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.

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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.

Frequently Asked Questions (FAQs) Related to the Above News

What is TUBR?

TUBR is a data technology start-up based in Sheffield that offers a machine learning platform to help businesses turn data into informed actions quickly.

Who founded TUBR?

TUBR was founded by entrepreneur Dash Tabor.

How does TUBR's machine learning platform work?

TUBR's machine learning platform uses advanced algorithms to analyze data and predict future events. It enables businesses to make data-driven decisions and improve operations.

What sectors can benefit from TUBR's technology?

TUBR's technology can be applied in various sectors, such as retail and environmental control, to predict demand and optimize operations.

Why did TUBR relocate its business to Sheffield?

TUBR relocated its business from London to Sheffield Technology Parks because of the support available to start-ups and the opportunity to tap into the technology park's ecosystem for business development.

How will the recent investment support TUBR's growth plans?

The recent £473,000 investment, including £100,000 from Finance Yorkshire's Seedcorn Fund, will enable TUBR to advance its machine learning platform and accelerate its services' implementation.

Why is machine learning and AI important for companies?

Tabor believes that machine learning and AI are crucial for companies to remain competitive in a post-pandemic world. These technologies can help predict demand and improve operations for businesses.

Who invested in TUBR?

TUBR received funding from various investors, including Finance Yorkshire's Seedcorn Fund and US-based venture fund BlueWing VC.

What is Finance Yorkshire's seedcorn fund?

Finance Yorkshire's seedcorn fund is part of a regional business fund that provides investment opportunities for SMEs. It aims to support start-ups like TUBR in their growth and technological development.

How is TUBR contributing to innovation in various industries?

TUBR's recent funding success and its machine learning platform showcase the potential of data technology start-ups to drive innovation across sectors by turning data into actionable insights.

Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.

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