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No-Code Machine Learning Platform Graphite-Note Secures €1.2m

Founder, Graphite Note
Kerry-Based Machine Learning Platform Graphite-Note Secures €1.2m

Overview

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Kerry-Based Machine Learning Platform Graphite-Note Secures €1.2m

Kerry-based machine learning start-up Graphite-Note has closed a €1.2m seed funding round with investment from Enterprise Ireland and Harvest Financial CEO Gerry Devitt.

Source: BusinessPlus.ie
FUNDING / 26TH MAY 2024 / GEORGE MORAHAN

The company, which was founded in 2020 by Hrvoje Smolic and Vinnie Lynch, intends to use the funds to achieve further international growth and add 25 jobs at its base at the RDI Hub over the next two years in operations, sales, marketing and technology.

Graphite-Note’s non-code machine learning platform offers businesses actionable insights using analytics, and its clients include Fexco (PACE), Katana and Escape Agency.

The firm’s subscription-based software-as-a-service (SaaS) model allows business intelligence and data analytics teams to access predictive and prescriptive analytics quickly.

“The journey we have embarked on since 2020 has been laser focused on one mission – providing businesses around the world with a tool that aids them to grow.

Kerry-based machine learning start-up Graphite-Note has closed a €1.2m seed funding round with investment from Enterprise Ireland and Harvest Financial CEO Gerry Devitt.

The company, which was founded in 2020 by Hrvoje Smolic and Vinnie Lynch, intends to use the funds to achieve further international growth and add 25 jobs at its base at the RDI Hub over the next two years in operations, sales, marketing and technology.

Graphite-Note’s non-code machine learning platform offers businesses actionable insights using analytics, and its clients include Fexco (PACE), Katana and Escape Agency.

The firm’s subscription-based software-as-a-service (SaaS) model allows business intelligence and data analytics teams to access predictive and prescriptive analytics quickly.

“The journey we have embarked on since 2020 has been laser focused on one mission – providing businesses around the world with a tool that aids them to grow.

“With this injection, we further advance this goal, giving companies across the globe the accessible and actionable insights they require,” said Smolic, CEO of Graphite-Note.

“While there is a sea of AI products and platforms on the market presently, we are proud to say Graphite Note is one that brings immediate, impactful and lasting results to the business intelligence and data analyst teams that utilise its capacities – we are looking to replicate the successes we have seen from our existing clients on a wider scale, and this investment ensures that we remain at the forefront of the AI revolution.”

Lynch added that the Graphite-Note platform “brings that science to businesses across the globe; we are delighted to have the support of Enterprise Ireland, our angel investors and other contributors to this round, who understand the value of this mission, and the importance of investing in regional tech players.

Kerry-based machine learning start-up Graphite-Note has closed a €1.2m seed funding round with investment from Enterprise Ireland and Harvest Financial CEO Gerry Devitt.

The company, which was founded in 2020 by Hrvoje Smolic and Vinnie Lynch, intends to use the funds to achieve further international growth and add 25 jobs at its base at the RDI Hub over the next two years in operations, sales, marketing and technology.

Graphite-Note’s non-code machine learning platform offers businesses actionable insights using analytics, and its clients include Fexco (PACE), Katana and Escape Agency.

The firm’s subscription-based software-as-a-service (SaaS) model allows business intelligence and data analytics teams to access predictive and prescriptive analytics quickly.

“The journey we have embarked on since 2020 has been laser focused on one mission – providing businesses around the world with a tool that aids them to grow.

“With this injection, we further advance this goal, giving companies across the globe the accessible and actionable insights they require,” said Smolic, CEO of Graphite-Note.

“While there is a sea of AI products and platforms on the market presently, we are proud to say Graphite Note is one that brings immediate, impactful and lasting results to the business intelligence and data analyst teams that utilise its capacities – we are looking to replicate the successes we have seen from our existing clients on a wider scale, and this investment ensures that we remain at the forefront of the AI revolution.”

Graphite-Note
GRAPHITE-NOTE WILL ADD 25 JOBS AFTER SECURING INVESTMENT OF €1.2M. (PIC: MICHELLE BREEN CREAN)

Lynch added that the Graphite-Note platform “brings that science to businesses across the globe; we are delighted to have the support of Enterprise Ireland, our angel investors and other contributors to this round, who understand the value of this mission, and the importance of investing in regional tech players.

“We have seen a burgeoning tech community formed in Munster in recent years, and it is one we are proud to be a part of.”

“This is a very exciting time for us, as these partnerships only accelerate our mission.”

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