The Hottest Startups in Dublin in 2024 | EUROtoday
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Thanks to low company tax and authorities incentives, Dublin has hosted the European headquarters of many massive US know-how firms—Google, Meta, LinkedIn and Microsoft all have places of work within the metropolis’s Silicon Docks.
“The big US companies operated independently of the startup world for many years,” explains Will Prendergast, accomplice at Frontline Ventures. “But in the past five years, US technology companies have been building product and engineering functions here, and that talent is starting to spill out, driving startup creation.”
Government help through Enterprise Ireland’s Pre-Seed Start Fund, designed to speed up early stage startups, and hubs similar to Dogpatch Labs are supporting this wave of recent expertise. “Ireland does have a capital issue,” says worker advantages startup Kota cofounder Luke Mackey. “There are lots of ways to raise €1 million but not many ways to raise €10 million.”
With latest funding rounds led by each US and native VCs of €10 million ($11.1 million) or extra, that appears set to alter.
Openvolt
Openvolt is constructing an API that collates carbon emissions knowledge throughout Europe to produce to vitality transition firms. It’s no coincidence that the purpose is to make an API that’s as easy to work with as Stripe’s cost system—Don O’Leary, Openvolt’s CTO, was Stripe’s EMEA head of buyer engineering. With CEO Dave Curran, he launched the corporate in 2023. Openvolt’s first step was securing real-time knowledge from 90 million sensible meters throughout the continent, with fuel consumption and the carbon depth of electrical energy provides to observe. The firm raised a pre-seed €1.5 million ($1.6 million) led by Cavalry Ventures. Its first shopper is Helios Energy, which is able to use Openvolt knowledge in its audit of shopper’s vitality use. openvolt.com
Tines
Tines is an automation platform for IT and safety groups to automate any guide job utilizing a menu of eight widespread instructions, similar to “HTTP request,” which sends or receives knowledge from one other system. Tines targets easy duties that groups spend probably the most time on—onboarding customers or triaging low-level safety incidents for example—to scale back “alert fatigue.” Launched with an $11 million (€10.2 million) Series A spherical led by Accel, Index Ventures, and Blossom Capital in December 2019, the corporate has raised $146.2 million (€130.6 million) total. With 200 staff throughout the USA, Ireland, Australia, and Canada, income has grown 200 % between November 2022 and May 2024. Customers embrace Databricks, Mars Inc., and Oak Ridge National Laboratory. tines.com
Select Video
Marker Video is a user-generated branded content material platform, promoting product evaluation movies by atypical folks to manufacturers and retailers for a flat payment. Launched as Marker Content in 2022 with €600,000 ($670,00) from Enterprise Ireland, founder Greta Dunne switched from weblog put up to video in February 2023. “I met the head of marketing at Estée Lauder who had just pivoted from influencers to ordinary people after their data showed the more authentic the content, the better the response,” the previous copywriter explains. Customers can scan a QR code in accommodations, or on merchandise, and add video critiques that are tagged and listed. The movies promote for between €100 and €200 ($111 to $223). Brands obtain limitless use and creators are given 50 % of the payment. A stealth launch in April and offers with Unilever and Acer Hotels noticed 5,000 creators a month be part of the location. A second spherical raised €200,000 ($223,000) from Enterprise Ireland and investor angels similar to Brian Caulfield, in addition to David Byrne of Digital Irish to fund a full launch within the fall. markervideo.com
CaliberAI
CaliberAI is an AI-powered content material moderation platform that searches for dangerous and defamatory content material. Acting as a “spell check for libel and hate speech,” it notifies information publishers and social media customers after they’re getting near the road. It was based by a father-and-son crew—Conor Brady was editor-in-chief of The Irish Times and Neil Brady was a journalist for The Guardian. An Enterprise Ireland grant of €300,000 ($335,000), adopted by €850,000 ($950,000) pre-seed launched the corporate in 2019. The crew trains CaliberAI and different massive language fashions on particularly created knowledge units—a paucity of defamatory materials to coach on meant the corporate constructed its personal. Customers embrace Mediahuis, the Daily Mail, Meta, and quite a few regulation companies concerned in AI. “Misinformation and hate speech is eroding democracy because news publishers are on their knees,” explains Neil. “Generative AI chatbots and the companies that make them are not going to be afforded the same legal protections as social media users.” caliberai.internet
EdgeTier
“Customer service is broken—no one likes fighting with a chatbot to get through to a human to solve their problem,” says EdgeTier CEO and cofounder Shane Lynn. The firm’s AI displays buyer conversations with name facilities, listens out for points and gives coaching to people based mostly on the conversations it has analyzed. Lynn, CCO Bart Lehane and CTO Ciarán Tobin launched with a seed spherical in 2019 and have since raised €7.5 million ($8.3 million) in two rounds lead by Smedvig Capital and ACT VC. The firm now operates in additional than 20 nations throughout Europe and the Americas, working with Abercrombie & Fitch, Ryanair, the TUI journey firm, Electric Ireland, and Tipico. edgetier.com
Noloco
Noloco is a platform for any enterprise to construct an app utilizing a point-and-click interface, with out the necessity for software program or coding expertise. Founder Darragh Mc Kay describes it because the Webflow for enterprise apps. As a software program engineer, Mc Kay realized “how few of the tools I had were available to non-software engineers and how complicated they were to use”. Noloco has a collection of templates for widespread HR, venture administration and stock apps in addition to a clean canvas the place customers can drag and drop the duties they want apps to carry out. Founded in summer time 2021, seed funding in February 2022 raised $1.4 million (€1.8 million), led by Unpopular Ventures and Accel Angels, and the app builder was launched in July 2022. Customers are SMEs—primarily building firms, advertising and marketing companies, accountants and legal professionals. Available as a subscription mannequin, income has grown 140 % prior to now 12 months. noloco.io
Inspect you
Inspeq.ai is an analysis platform for product groups creating AI functions. It displays app improvement, particularly LLMs, to be sure that the output is correct, constant, doesn’t hallucinate and is free from biases and damaging tones. The concept for the corporate got here to CEO Apoorva Kumar and CTO Ramanujam MV, previously product managers at Microsoft and Meta respectively. The pair discovered that the LLMs they labored with would typically “hallucinate,” producing grammatically appropriate however factually inaccurate data. After constructing a proof of idea on the Founders Talent Accelerator in late 2023 that lowered hallucination points by 80 %, they raised €1.1 million ($1.2 million) in a spherical lead by Sure Valley Ventures in May 2024 to develop operations in Ireland, London, and India. inspeq.ai
Barespace.io
Barespace CEO and cofounder Conor Moules labored at a neighborhood hair salon when he was a teen. Then, when he joined meals supply app Bamboo in his twenties, he realized to his shock that typical salon transactions had been greater than 10 occasions bigger than typical meals supply orders. He based Barespace to assist barbershops, salons, and spa companies automate their enterprise administration with a complete SaaS platform that mixes appointment scheduling, shopper historical past and advertising and marketing designed for use by non-technical workers. Founded in March 2022 by Moules and COO Glenn McGoldrick, it closed a €1.5 million ($1.6 million) pre-seed spherical in August 2024 from buyers similar to Brian Caulfield, chair of Scale Ireland; Barry Napier, CEO of Cubic Telecom; and Rick Kelley, the previous managing director of Meta Ireland. Barespace has processed greater than €10 million ($11.1 million) in funds in its first 20 months since launch, rising the enterprise by greater than 300 %. barespace.io
Gazelle Wind Power
Gazelle Wind Power is constructing floating wind turbine platforms far out within the deep sea. Ninety-nine per cent of wind farms are mounted to the ocean flooring in comparatively shallow depths. However, extra constant and stronger winds are discovered above a lot deeper water. Antonio García—racing yacht engineer and uncle to Gazelle founder Jon Salazar—devised a dynamic floating platform with anchor strains hooked up to the seabed, accompanied by a counterweight that balances the platform in tough seas. The firm has raised $11.3 million (€10.1 million) in fairness up to now, led by Katapult Group, and has a collection A spherical looming. Salazar’s subsequent purpose is decreasing the fee to achieve the “Henry Ford moment”—an affordable, scalable platform that’s easy to assemble, set up, and function. gazellewindpower.com
Antler Bio
Antler Bio’s EpiHerd screening platform examines RNA in blood from dairy cows—the software by which genes are expressed within the surroundings. “Farmers think about breeding for perfect genetics,” cofounder Maria Jensen explains, “then wonder why the animal isn’t delivering.” EpiHerd reveals environmental results on gene expression—illness, weight loss program, farm infrastructure or stress—present really helpful actions particular to farm and animals, and monitor the influence adjustments. Cofounded by Jensen and Nathalie Conte in November 2020, the corporate raised greater than €1 million ($1.1 million), led by the Nest household workplace. The first paying farm in November 2023 elevated milk manufacturing by 30 %. Antler expects to achieve 173 farms by the top of 2024. Plans embrace validating EpiHerd to display for endemic ailments, similar to bovine TB. antlerbio.com
This article first appeared within the November/December 2024 problem of WIRED UK.
https://www.wired.com/story/the-hottest-startups-in-dublin-in-2024/