Elkstone Partners Invest With Altada Technology Solutions
We are delighted to announce that Elkstone is now invested with Altada Technology Solutions, who are already delivering leading-edge highly valuable AI-assisted analytics along with material cost savings to a growing pedigree of global fintech and bio-related players.
Altada, founded by Allan F. Beechinor and Niamh Parker in 2017, uses its AI platform to embed effective AI at the heart of organisations. Altada is a solutions provider for creating operational transformation through AI. The company’s solutions reduce processing costs, create new levels of efficiency, and optimise existing resource allocation.
Altada has successfully driven its clients’ automation, data-driven decision making, enabled scale and has increased profitability through AI. The AI operational platform market is growing rapidly, with the global market projected to grow by €12bn by 2025, driven by a compounded growth of 32.9%.
Headquartered in Cork and with offices in Dublin and New York, Altada employs 50 people. It operates across four key sectors: financial services, healthcare, travel technology and security. Its customer base includes Rocktop Partners, Waterfall Asset Management, Wells Fargo, the NFL, the NBA, and the World Health Organisation. Altada also has multiple research and advisory partnerships including the Government of Ireland, Trinity College Dublin, Imperial College London and New York University.
This primary investment will fund further innovation, research and development projects. We look forward to working with co-founders Allan and Niamh on the next stage of their AI journey.