Oxford University spinout Mind Foundry is developing software that will help organisations solve problems by unlocking insights hidden deep within their data. The Oxford team uses advanced machine learning algorithms to solve problems which can only currently be solved by teams of data scientists, or which are currently unsolvable.
Mind Foundry has raised £1.2m in seed funding from private investors and investment company Oxford Sciences Innovation to commercialise the technology.
The company’s technology is based on advanced algorithms and techniques developed by Professors Stephen Roberts and Michael Osborne, who lead Machine Learning research at Oxford’s Department of Engineering Science.
Mind Foundry will build on over 25 years of academic research and applied commercial consulting engagements within the Machine Learning Research Group, a specialist research team within Information Engineering at the University’s Department of Engineering Science.
Stephen Roberts commented: “We live in an era in which the success of organisations and advances in science and technology are increasingly reliant on the fast and accurate analysis of data. But driving these advances is a deluge of data which is outstripping the computational ability to process it, let alone act upon it. We live in an age of big data – but not necessarily big insight. Mind Foundry has the capability to turn this data into actionable insight.”