AI start-up plans to grow team by 600 per cent
Tech start-up Distributed plans to grow its team by 600 per cent in 2019 after closing its investment round.
The funding from Fuel Ventures has taken the firm’s total initial backing to £1.65 million.
The London-based start-up created the Elastic Team platform, which allows customers to provide a description of the technical outcome they require and uses AI to deliver the outcome without the need for talent management from the customer.
Callum Adamson, CEO of Distributed, said: “In a world where tech talent is in increasingly short supply, it’s clear that maintaining the pace of delivery required by modern businesses, via hiring direct or outsourcing, is no longer working.
“We created Distributed to answer this problem.”
“Using our AI powered global workforce, the best talent is deployed into work that is meaningful to them as individuals, and organisations achieve both their business goals and a better return on their spend.
“Our ultimate goal is to make great work available to millions of digital specialists worldwide, while simultaneously removing resourcing, HR and talent headaches for businesses large and small,” he added.”
Adamson also said the company’s aim is to “raise the benchmark on the delivery of digital work”.
Founded in 2017 and headquartered in London, the company has generated revenues of more than £1m in its first year.
Fuel Ventures founder Mark Pearson said: “The need for software development is accelerating at an unprecedented rate, which we expect to exceed trillions of spend over the coming decade, and Distributed will be positioned front and centre of this growth.
“We believe the majority of businesses should focus on their own core competencies and use the Distributed platform to create better digital products for their customers.”