South West News #22
Our South West tech news round-up aims to give you an insight into the latest tech news specifically in the South West. If you enjoy this, make sure to sign up to our email list to receive updates on more content like this!
We also do a weekly tech update, which you can find here.
Virti raises $10m to optimise human performance for the global workforce
Digital training platform Virti has raised $10m in a Series A to further its goal of improving human performance using world-class interactive technology. The round was led by deeptech investors IQ Capital and joined by Cedars-Sinai Medical Center and a new, UK-based learning technology VC fund.
Launched in 2018 by Dr Alexander Young – an NHS trauma and orthopaedic surgeon – Virti helps organisations optimise learning, training and performance using interactive simulations and AI-powered data analysis. The technology turns traditionally subjectively-assessed skills (such as communication, teamwork and decision-making under pressure) into objective and measurable data to improve performance. The startup was recently named one of TIME’s Best Inventions of 2020 and Fast Company’s Most Innovative Companies of 2021.
Source: TechSPARK 2021
12 Clusters Report showcases the South West’s Leading Tech Companies
Over the course of the past year, London Tech Week and the UK Tech Cluster Group have been producing cluster reports to explore the unique ecosystems and tech trends across every region of the UK – and this month the South West is taking centre stage.
12 Clusters of Tech charts the companies, sectors, and case studies that make up the entire UK tech landscape. The tenth report in the series is on the South West, which you can read here. The South West has established itself as one of the leading UK regions for technology business and startups, building on a proud tradition of scientific and industrial advancement.
From the first photograph and the first chronophotographic camera, to the invention of plasticine and being at the forefront of transport and infrastructure innovation since the 17th century, the region home to the Bristol, Swindon and Gloucester triangle – Silicon Gorge, has been at the heart of innovation and creativity in the UK for a very long time.
Source: TechSPARK 2021
Job boom as South West marketing, media and tech firm expands
The Ascot Group has offices in London and near Bristol, and has recently acquired its third site at Worle Park Way, North Somerset – adjacent to a mainline train station, the M5 motorway and 20 minutes from Bristol international airport.
The new base will not only provide a unique office space but will be an employees’ haven of physical and mental wellbeing, with an onsite gym, café, lounge, happiness-boosting indoor ‘living wall’ and more.
Over 500 people applied for roles during a three-day socially distanced recruitment event. Groups of five people were shown around the new head office, with an opportunity to learn about various roles and answer questions.
Source: Business Leader 2021
Gloucestershire tech company secures MoD contract to develop underwater renewable energy device
A Gloucestershire tech company has secured a £350,000 contract with the Ministry of Defence (MoD) to develop a renewable energy device that will support underwater national security operations.
WITT Limited, based at Gloucestershire Science and Technology Park in Berkeley, has created ground-breaking technology that captures energy from all planes of movement and turns it into storable electrical power.
The company will now tailor its eponymous WITT (Whatever Input to Torsion Transfer) device for the subsea environment.
Source: Business Live 2021