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Edinburgh AI-driven project delivery startup Sharktower raises £400K to scaleup

Sharktower, the Edinburgh-based AI-driven project delivery platform, has raised a significant investment in a £400K seed round led by Equity Gap and backed by Scottish Enterprise.

This new funding will enable Sharktower to expand across additional sectors in the UK, and further expand globally.

Fraser Lusty from Equity Gap commented, “Equity Gap is delighted to conclude this seed investment round in Sharktower. Sharktower is redefining project management, bringing innovation to well-established sectors and markets. By blending intuitive project collaboration with AI-driven analytics and real-time reporting, Sharktower gives teams the tools to deliver better outcomes.” Equity Gap is a business angel syndicate actively investing and co-investing in early-stage Scottish-based companies.

Announces new appointment

Besides the investment, Sharktower also announced the appointment of Gordon Cooper as chairperson to help guide the next stage of growth. Founded and worked towards the success of VisionWare, Gordon brings proven experience to the team in accelerating growth and opening new international markets.

Gordon added: “I’m delighted to be appointed as Chairman of Sharktower. The ability for organisations to deliver better, faster outcomes is even more vital as the economy recovers, and data and AI are the game changers. Sharktower is at the forefront of AI-driven project management and has solid growth potential in various markets.”

Significant growth in a year

Founded by Craig Mackay and Lynsey Taylor just before the lockdown in 2020, Sharktower already achieved global reach with clients in the recruitment, education, energy and retail sectors. It gives businesses the ability to work consistently across territories. The online platform has proved to be a valuable resource for clients during the pandemic.

During the COVID-19 pandemic crisis, traditional project management can no longer keep up with the responsive change that businesses need to survive and grow. This is where Sharktower’s intelligent delivery software enables change makers and project leaders to deliver better business outcomes in one simple platform. Also, it helps their teams waste less time, collaborate seamlessly and spot problems before they happen.

Co-founder Craig stated: “We were painfully aware of how outdated methods and tools were no longer fit to deliver the rapid change needed for businesses to survive. We’re all being challenged to deliver more, and at a faster and faster rate, but we still face the stress and frustration of misalignment and surprises in projects.​”

Furthermore, co-founder Lynsey said: “The growth of remote working has opened up global opportunities faster than we had expected, and we now have project teams using Sharktower to deliver projects every hour of the day across the world.”

The post Edinburgh AI-driven project delivery startup Sharktower raises £400K to scaleup appeared first on UKTN (UK Tech News).

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