We expect that will result in the creation of new jobs over all. Artificial Intelligence AI venture We Build Bots has launched a new Seedrs fundraising campaign as it looks to roll out its technology into the public sector. The Cardiff-based start-up develops AI platforms that leverage chatbots, voice, data analytics, machine learning and APIs to help companies and organisations automate crucial areas of their operations. Its IntelAgent platform allows companies and organisations to automat customer engagement processes, to free up human resources, improve customer service and lower costs.
Its IntelAgent platform can help automate millions of low value, repetitive calls and emails that public sector organisations across the UK spend huge amounts of resources to deal with each year. Through using our IntelAgent platform, humans can do what they do best, which is solve complex problems, while robots can take care of the rest. Roadway is a family-run business in Llay that was founded in and specialises in local authority term maintenance, minor road maintenance schemes and associated civil engineering works.
The purchase of the business coincides with the opening of a new asphalt plant on its Wrexham site. T he deal will lead to significant investment in the growth and development of Invertek - creating extra jobs in the region. Their VFDs are used to control electric motors in a wide range of commercial, industrial and energy-saving applications.
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The acquisition of Invertek will see its current board of directors remain managing the business as a separate unit of SHI. I am so greatful for his time in Ridiculously Rich by Alana. Swansea-based industry risk assessment software firm RAP International had been acquired by Japanese conglomerate Yokogawa. The business, which employs, 20 trades in more than 30 countries with its technology employed at sites globally. Yokogawa is the world leader in industrial automation and control, test and measurement, information systems and industrial services.
That is a win-win outcome for all involved. With the new site, the couple will look to expand their staff numbers over the coming months while keeping existing jobs safe. We have built our heritage on serving market towns and rural businesses and have developed our services to meet their particular needs. We are delighted with the merger and the possibilities it brings. Cwmbran-based Moneyshake. The company currently employs four, but is now looking to expand significantly during the next 12 months creating a range of senior technology, marketing and management jobs.
We had a fantastic response from the investment community when we did our funding round. We fit into their existing portfolio well and we have a positive chemistry with their team. South Wales is a great location for us and has some fantastic resource that we can utilise.
This latest investment follows series B funding secured in October , led by Global Founders Capital, the investment vehicle of Rocket Internet, and supported by Dawn Capital. The new funding will allow the company to advance its core product offering, reach into new international markets including Germany, the Netherlands and America and optimise finance for SME and mid-market businesses. Sonovate, which employs 72 at its Cardiff head offices and 24 in its London office, was founded in by Richard Prime and Damon Chapple.
Its tech driven offer provides upfront funding against unpaid invoices. More than 2, businesses now use Sonovate. Sonovate has not disclosed the funding split between debt and equity and what percentage of ownership it has given up. This severely impacts cashflow and poses a huge risk to businesses - Sonovate removes this burden and risk altogether. The disruptive financial technology provider will move into new office in the centre of Cardiff later this year, progressing and cementing its ambition to create a fintech hub in the capital. Since its creation in , Delio Wealth has gone from strength to strength, trebling its customer base in just 15 months, working with the likes of Barclays, ING, Coutts and the newly formed UK Fintech Alliance.
To receive support from Maven highlights the growth opportunity in the business and in the private markets as a whole. As the industry continues to grow, it is vital we grow with it. Eleri Griffith started up a dental practice in Pwllheli in and in she acquired the freehold, assets and goodwill of Penlan Dental Practice - merging the two businesses. Elsbeth, a Welsh speaker, is a graduate of Cardiff Dental School initially practiced in Swansea before heading back home to North Wales a few years ago to practice and start a family with her husband Hywel, at their home in Caernarfon.
The transaction was managed and effected on behalf of the vendor by ProPractices Advisory Ltd, a specialist consultancy operating in the Welsh Dental sector. Large plastic pipe manufacturer for the water infrastructure sector Asset International has been acquired.
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The Newport-based firm, which employs 72, has been bought by market leader in water infrastructure systems SDS. The value of the deal has not been disclosed. The Newport plant, which has been operating for more than 20 years, has the capacity to produce 10, tonnes of Weholite products a year. SDS said it will provide continuity of service to all Weholite customers and takes on immediate responsibility for ensuring the delivery of current and planned projects. Whether we have too much or too little, the critical infrastructure required to ensure its supply, whilst also protecting us from flooding, is under increasing stress.
The new working capital facility with the Development Bank, which is wholly-owned by the Welsh Government, will help Bombora to manage its cash flow while the grant is received over the next two years. The company is looking into overseas markets such as Ireland or Spain where the wave energy is stronger and are keen to maintain their presence in Wales for assembling and exporting modules in the future.
The company expects to recruit another 10 staff by the end of the year, some in engineering and others in sales and marketing. Bombora was established in Perth, Western Australia in The company has since set up its European headquarters at Pembroke Dock. The company plans to use the marine energy test area off the coast of Pembrokeshire to demonstrate its 1. Three of us moved over here from Australia at the end of , and Bombora has created new skilled jobs, growing the team to 21 people.
Bombora is backed by its Australian founders and early investors. At the end of it received a major investment from Enzen, a global energy and environment company with a base in Solihull.
go site Its device, called mWave, was conceived in and patented in As pressure from the waves passes over the device, the membranes are pushed in and air inside the cells is forced through a turbine, generating electricity. Because the mWave device sits on the seabed a minimum of 10 metres below the surface, it is safe from the damaging effects of storms and strong waves.
Bombora plans to place a full-scale demonstration model of mWave on the seabed for six months of testing early next year. Once the device ha completed its testing, Bombora will be looking for to sell mWave to commercial wave farm developers.
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The health, safety and environmental consultancy arm of risk management solutions business Alcumus has been acquired in a management buyout. The deal for the Nantgarw-based business, the value of which has not been disclosed, has been supported with financial backing from Ultimate Finance. Supporting legal advice was provided by GS Verde Group. Following the deal, the business has been renamed Ligtas. As well as its Nantgarw operation, the business has a sister site in Huddersfield, West Yorkshire. The team is lead by manufacturing and professional services sector expert Shaun Ashmead as managing director, with Alexis Vranch as finance director and Simon Jones as technical director.
Mr Ashmead is the former managing director of Blackwood-based contract electronic manufacturing firm Axiom. Ligtas will continue to provide consultancy and risk management systems, services and training to organisations operating in the property management, financial services, healthcare, retail, consumer and business and wider industry sectors. The company, which currently employs 71, will also look to grow its products and services in key areas such as construction and manufacturing.
Founders of the energy switching site Look After My Bills, Will Hodson and Henry De Zoete, walked out of the Den with the accolade of securing more money for less of their business than anyone had ever managed before. Look After My Bills moves customers to a new cheap energy deal automatically when their tariff expires.
Newport-based GoCo — the group behind GoCompare.
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Why spend hours finding a decent price each year when you can appoint an expert to deal with all the hassle for free? However George Chalmers, chief executive of rival auto-switching service Migrate, was less than impressed with the deal. Given the service switches people once a year, that means that all the people who signed up afterwards will now be switched for the first time under the new regime — not the small company they signed up to. Headquartered in Fareham, Hampshire, the business has doubled its revenues over the past five years.
It employs people across 10 regional offices and its partners include Samsung, Apple, Gamma, Mitel and Virtual1. Over the next three to five years, it expects to increase the workforce substantially, invest in systems and processes that ready the business for scale, and make acquisitions. Onecom also announced Mark Thompson as its chairman.
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Founder Darren Ridge remains a significant shareholder and becomes a non-executive director. We have worked very closely with LDC over the last few months and they share the same level of ambition as we do. The investment was led by LDC head of London Yann Souillard, who will take a place on the board as a non-executive director. QuoteOnSite has announced the cash injection, from the Development Bank of Wales and Deri Green, will facilitate aggressive growth over the next 12 months.
Four staff have been hired following the funding round, with plans to expand the team over the next year. QuoteOnSite is a platform that streamlines the quote management process for businesses of all sizes from start-ups to established enterprises. For businesses that still rely on traditional methods of quoting QuoteOnSite provides a solution to the lack of visibility, traceability and analytics that form an integral part of a successful sales process. This reduces time wasted on duplicating data-entry from traditional contact forms into downstream CRM systems. The husband and wife team behind QuoteOnSite, TJ and Elaine Amas, identified the need for a quoting tool within the trade and construction industry.
After two years of working on development and a huge amount of testing, QuoteOnSite officially launched in Since then their tool has been adapted for use across multiple sectors and enables any business or sole trader to provide easily accessible quotes to customers.
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