Cork, Ireland/New York, NY, 22 November 2021 – Altada Technology Solutions (“Altada”), a global provider of artificial intelligence (“AI”) solutions that supercharges data-driven decision making in financial services, travel and security and healthcare, today opened its London office, marking the sixth expansion of the company’s footprint this year alone. In 2021, Altada launched offices in New York, San Francisco, Malta, Dublin and Barcelona.
As a global financial services hub, the U.K. presents a wide array of opportunities in advancing the use of AI across sectors. London has been called “the AI growth capital of Europe” and just a few weeks ago, the U.K. government unveiled a national AI strategy aimed at boosting the country’s capabilities in AI and machine learning.
“The decision to open our first office in the UK as part of our continued expansion is a crucial step in our business growth strategy driven by the demand we are seeing in the market,” said Allan Beechinor, Altada Co-Founder and CEO. “The U.K. has a robust technology ecosystem, strong drive for innovation and a diverse talent pool in addition to being home to financial services firms that are actively looking to deploy AI solutions that can drive business results.”
The opening of Altada’s new office was unveiled at an event dedicated to meet Irish companies delivering innovation. The event was hosted by Enterprise Ireland in the presence of Ireland’s Prime Minister, An Taoiseach Micheál Martin, and other senior government officials at Cardiff City Hall in Wales.
Denis Canty, Altada Chief Technology Officer added: “The impact of AI is becoming mainstream and Altada is empowering companies across different sectors supercharge their business outcomes with AI-driven decisions. We are at a transformational point as a technology company and our presence in the U.K. is a testament to both the increasing demand for our solutions and the rising number of opportunities we see globally. “
Following a successful USD $11.5 million funding round led by Rocktop Partners alongside Elkstone Partners and Enterprise Ireland, Altada launched a robust global recruiting campaign in the areas of quantum computing, engineering, data science, product development, blockchain engineering, and cloud platform management, among others. The company plans to add at least another 100 jobs next year across offices and has plans to further expand in the U.S. and the APAC region in the near future.