Funding from global investors Astia Angels and Wheatsheaf Group will help bring innovative AI enabled analytics to an international audience
Oxford, United Kingdom – March 8th, 2018 — RowAnalytics Ltd announced today that it has secured seed round investment from global investors Astia Angels and Wheatsheaf Group Ltd, part of the Grosvenor Estate.
RowAnalytics uses its precisionlife range of patented AI analytics tools to interpret complex genomics data and other influences to provide a deeper and more useful understanding of how foods, medicines and healthcare can be combined to improve peoples’ lives.
The investment will enable the company to accelerate its programme of product launches and expansion into new international markets. Steve Gardner, CEO of RowAnalytics, said: “We have developed innovative analytics and AI capabilities that enable a new generation of precision medicine and precision agriculture solutions. The ability to deliver combinatorial, multi-omic analysis at scale is a critical missing piece in realising the benefits of the genomics, IOT and AI revolutions. This investment will enable us to scale our business to address the significant global opportunities in these high-growth markets.”
Sharon Vosmek, CEO of Astia and Astia Angels, lead on the investment into RowAnalytics, said: “We are excited to be investing in a hugely experienced leadership team creating new value from complex life science data. Astia Angels member investors around the globe are participating in this deal: from Silicon Valley, New York and Boston to London and Frankfurt, reflecting the truly global nature of our network and our ability to identify high growth potential companies with women in positions of equity and influence. The potential for RowAnalytics is extremely exciting and there was real enthusiasm for this investment and team from our members.”
Peter Kristensen, European Portfolio Development Director for Wheatsheaf Group, said: “RowAnalytics has a uniquely enabling combination of deep genomic, semantic and real-time decision support analytics that is perfect for the type of complex multi-trait optimizations required in precision agriculture. We are excited to work with this fantastic team on developing ground-breaking capabilities for the animal and crop health markets. It further strengthens our portfolio of businesses that seek to make better use of global resources and, with our support, we believe it will enable food producers across the world to operate with increased efficiency and help meet the increasing demands of a changing global population.”
As part of the company’s growth strategy, RowAnalytics has moved to larger, hi-tech premises in Kidlington, Oxfordshire in preparation for the company’s plans for significant growth in the next 6 months.