DeepMatter, the Glasgow-based scientific software firm, today said it is looking at further rolling out its technology globally after what it said had been a transformational 2018.
The AIM-quoted company, which recently acquired a German software business from global publisher Springer Nature for £1.8m in cash and shares, and unveiled plans to raise £4 million to fund its growth, is currently trialling its technology with a number of global scientific organisations.
Chief executive Mark Warne said the company is now focused on deploying its technology to an increasingly larger user base and progressing to the direct monetisation of the platform it as developed.
“Alongside this the company has begun to identify unique chemistry insights, which we will use to create intellectual property and share with the wider scientific community in due course, as further proof of the validity of the platform,” he said.
The company reported a loss of £1.92 million after tax last year, up from £1.46m the previous year.
DeepMatter has developed an artificial intelligence-enabled cloud-based software and hardware platform called DigitalGlassware enabling chemistry experiments to be recorded and shared.
The company’s founding scientific director is Glasgow University's Regius Professor of Chemistry Lee Cronin.
The company announced today that Professor Cronin is stepping down from its board and joining its advisory committee.
