Donegal-based Cerebreon Wins €30,000 Follow-On Investment at NDRC Investor Showcase

Cerebreon came up trumps at NDRC Investor Showcase this afternoon (7 June), with the insolvency software startup seeing off nine high-quality businesses to win the event and, with that, €30,000 in follow-on investment.

Cerebreon brings machine intelligence to the insolvency sector, increasing efficiency, reducing default levels and improving net margins for all stakeholders.

At NDRC’s Spring Investor Showcase 10 companies pitched to a panel of investors in sectors ranging from ticket software to high-end fashion sales, cybersecurity to location tagging, all looking to secure next stage investment and continue their path to growth.

The judges on the day were Ben Hurley, CEO NDRC; Nicola McClafferty, Draper Esprit; Sarita Johnson, Enterprise Ireland and David Bowles, Delta Partners.

NDRC builds and invests in digital startups, with 40 per cent of the current cohort led by female founders. NDRC’s portfolio of companies include Tandem, SilverCloud Health, Newswhip, Boxever and Nuritas.

NDRC has a mandate from the State (Department of Communications, Climate Action and Environment) to make these investments; ensuring digital entrepreneurship is a vibrant and growing part of the Irish economy and helping position the country to compete internationally.

Ben Hurley, CEO NDRC said:

“Cerebreon successfully portrayed its excellent solution to what it convincingly depicted as a global problem, standing out as the business with the most scalable opportunity.

“Although it took the judges some time to come to a decision, Cerebreon stood out as having serious potential for growth in international markets. This finishing investment will be coupled with further support from NDRC in areas including investor relations both here and abroad, helping to progress the business further.

“Throughout NDRC’s first decade of investing, the early stage efforts of entrepreneurs in Ireland have continued to deliver exciting investment propositions. We look forward to seeing this trend continue with future investments which will run later this year.”

NDRC is currently seeking startups for its upcoming investment programmes in Galway and Dublin, with further information available here.

Please find below information on the 10 startups that took part in today’s NDRC Investor Showcase:

InvizBox
InvizBox’s hardware VPN enables seamless privacy and security protection for any device in home, office or mobile with the touch of a button.

Genuid
Genuid platform provides unique identifier tagging and offline-to-online solutions allowing brand owners to achieve brand protection and direct consumer engagement.

SKMMP
SKMMP is a centralised digital wholesale platform enabling fashion showrooms to introduce, connect and transact wholesale orders between their ready-to-wear fashion designer clients with high-end global retailers.

Urban Fox
UrbanFox protects online retailers against new forms of stealth fraud by analysing and learning from existing legitimate and fraudulent customer behavioural patterns.

Evopass
Evopass operates a face value secondary ticketing exchange, eradicating ticket fraud and touting. It does this by facilitating peer-to-peer secure transfers of digital and e-tickets.

Cerebreon
Cerebreon brings machine intelligence to the insolvency sector, increasing efficiency, reducing default levels and improving net margins for all stakeholders.

Advanced Radio Mapping
Advanced Radio Mapping is Google Analytics for the physical world, using sensor technology and machine learning to track performance and effectiveness of spend in retail, hospitality, healthcare and events.

Evidential.tech
Evidential.tech provides governance, regulatory, compliance and business intelligence products and services for enterprise blockchains.

Genuid
Genuid platform provides unique identifier tagging and offline-to-online solutions allowing brand owners to achieve brand protection and direct consumer engagement.

Depublish
Depublish integrates legislation with technology, and trust relationships with social media publishers, to quickly determine when content is wrongly published. We build products around our core triage to tackle global problems from cyber-bullying to online defamation.

NDRC:
NDRC sources and builds digital start-ups to invest in and work with, providing them with an integrated offering of knowledge, experience and expertise and enabling them to become market ready faster, more successfully and more efficiently than otherwise. With a mandate from the Department of Communications, Climate Action and Environment, NDRC aims to ensure digital entrepreneurship is a growing and vibrant part of the economy.

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking