TD Weekly (16/08/2019)

From a global expansion drive at one of Wales’ fastest-growing fintech companies to research giving a glimpse into the high-tech future of the home, here are the latest stories from the Welsh tech scene. 

Fintech scale-up raises £3 million 

Fintech company Delio will launch a global expansion drive after securing £3.3 million in venture capital investment.

The round, which was led by Maven Capital Partners and existing investors, will allow the firm to increase its presence across Asia, the Middle East and America. Delio will also create 15 new jobs at its Cardiff HQ. 

Founded in 2015, the firm develops and sells white label private market technology platforms for financial institutions to help them appeal to high net-worth clients.

Gareth Lewis, Chief Executive at Delio, said: “This is an exciting time for the Delio team and a huge opportunity for us to make our mark on a global scale. 

“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.”

New partnership for Cardiff software firm 

Object Matrix, a software development company based in Cardiff, has announced a partnership with media firm VSN.

Its object storage solution, MatrixStore, is now integrated with VSN’s media management and workflow automation platform. The integration will allow media companies to preserve and store content in a more efficient manner. 

Nick Pearce-Tomenius, sales and marketing director at Object Matrix, commented: “As the demands on media and broadcast companies increase, the workflows become more complex than ever before. 

“Enabling seamless, integrated workflows is key to helping our customers continue to access, modernize and monetize their valuable content.”

Patricia Corral, marketing director of VSN, added: “Our customers are increasingly looking for ways to monetize their archive. Being able to easily and quickly discover items within the archive thanks to a joint solution like this is crucial to enabling them to do that.”

New executive for Swansea tech firm 

Swansea-based connected technology firm Vortex IoT has appointed a new head of sales as it continues to push ahead with ambitious expansion plans.

International business development director and sales professional Steve Jones has joined the firm at its headquarters in Swansea Bay.

Over the past sixteen years, he’s held a number of roles across areas such as complex software solutions (SaaS / PaaS) and customer premises equipment (CPE). 

He said: “I am extremely excited about joining such an innovative, Welsh, IOT technology company and look forward to contributing to Vortex’s rapid growth.”

Adrian Sutton, founder of Vortex IoT, added: “We’re thrilled that Steve has joined our thriving team and look forward to him doing what he’s best at.

“We are committed to building on our national and international growth, and know that Steve will help us in raising awareness of our business and our unique, innovative IoT solutions.”

Technologists help boy with cerebral palsy throw a ball 

Product designers at the University of Wales Trinity Saint David and Cerebra have developed a specially adapted ball shooter for a boy with cerebral palsy.

With the 3D-printed innovation, 11-year-old Harry Flynn can now play ball games with his dog Addi. He has Athetoid Cerebral Palsy, which affects his motor skills, and is reliant on a wheelchair to get around.

Harry’s num said: “Harry so wanted to play fetch with Addi, who just loves to run after a ball. Sadly, though, Harry doesn’t have the strength or coordination to be able to throw. 

“He loved being outside with Addi but you could see the disappointment on his face each time we went for a walk. I was so pleased, though, when I came across Cerebra and their wonderful Innovation Centre.”

Vision for smart e-home of the future

Experts recently came together to visualise what the smart, eco-friendly home of the future may look like.

Smart Energy, Go Ultra Low and experts from institutions such as Cardiff University met to discuss the technologies that will drive future innovations in the home. 

Components include bed sheets that change temperature based on individual preferences, smart cushions that change colour using augmented reality, and hydroponic indoor gardens where fresh vegetables can be grown. 

Dr Jo Patterson from Cardiff University said: “The digital revolution has already changed the way we use our homes. New technologies, such as smart meters, can help us to control our homes to provide comfortable and safe and very liveable environments. T

“These technologies can be interconnected and can make decisions for us based on our previous experiences and behaviour. 

“This not only frees up time for social activities but can also help us to use as little energy as possible therefore reducing carbon emissions and the impact on climate change, for a cleaner, greener Britain.”