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Grégory Nain, DataThings, speaks about finding investors in Luxembourg“DataThings is a software engineering company specialised in the development of machine learning, data analytics, digital twins and artificial intelligence solutions for all industrial sectors,” explains Grégory Nain. “We help clients uncover the potential of their data by co-designing made-to-measure data processing engines and creating web applications to pilot them and display their results intuitively. Luxembourg is our main market, but we are currently expanding to France.”

Corporate investors

A spin-off from the University of Luxembourg incorporated in 2017, DataThings has managed to find investors in Luxembourg. “We had our first fundraising round in late 2020, aimed at boosting the development of several products in order to complement our existing services,” says Mr Nain. “We chose two industrial investors established in Luxembourg: sustainable energy player Encevo and international engineering company Paul Wurth. They are now both clients and partners with whom we continue to develop products for the smart electricity grid and for facilitating the use of machine learning in industry. In addition to financing, they provide us with in-depth knowledge of their respective markets and access to their business networks to help us grow.”

Our investors are now both clients and partners with whom we continue to develop products for the smart electricity grid and for facilitating the use of machine learning in industry.

The next step for the company is now to promote its products further on the market. “We will expand our service portfolio with new offers of consultancy and training on how to leverage machine learning to develop efficient and production-ready artificial intelligence solutions that are tailor-made for each business.”

Photo: © Luxinnovation / Luc Deflorenne

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