Altada Technology Solutions, a Cork, Ireland-based artificial intelligence (AI) platform solution provider which creates operational efficiencies for clients by leveraging AI to surface value in data, raised USD $11.5m in funding.
The round was led by Rocktop Partners alongside Elkstone Partners and Enterprise Ireland.
The company intends to use the funds to hire over 100 new employees across its global offices in the areas of quantum computing, engineering, data science, product development, blockchain engineering, and cloud platform management, among others.
With over 70 employees across the U.S. and Europe, Altada is focused on building upon its work in financial services and responding to a rapidly increasing demand for AI solutions in healthcare, security, and travel. This new infusion of capital will support the hiring of
Led by Allan Beechinor, Co-Founder and CEO, Niamh Parker, Co-Founder and Chief Legal and People Officer, Denis Canty, CTO, Máire P. Walsh, Chief Commercial Officer, Trucle Nguyen, Chief Innovation Officer, and Brian McElligott, Chief Intellectual Property Counsel, Altada provides scalable artificial intelligence solutions for companies to empower their data-driven decision-making processes. The company works with asset managers, multi-family offices, institutional investors, and large enterprises in travel, healthcare, cybersecurity and security sectors, to name a few. Altada’s solutions reduce processing costs, create new levels of efficiency, optimize existing resource allocation and help generate and deliver alpha.
In the last year, the company opened offices in New York, San Francisco, Dublin, Malta and Barcelona and has plans to expand to Austin and in the APAC region in the near future.