Industry: IT Region: Belgium Transaction price: US$ 1 million Transaction method: equity investment
Project introduction:
An IT service company in Belgium has an important department in R&D. The mission of the company is "to help organizations improve their own level by using information technology for the benefit of customers, employees and shareholders". The company is an extended team composed of more than 250 professionals, distributed in Belgium, Greece and Cyprus, serving large and medium-sized enterprises in different commercial fields. R&D department is active in many fields that can meet the needs of customers. The department has successfully participated in identity, artificial intelligence, high performance computing, cloud, environment and other related projects.
The company's department, which is active in the fields of artificial intelligence and high-performance computing, has developed a solution to efficiently execute high-performance computing workloads on the cloud. The platform allows users to upload HPC workloads, estimate the time and cost required to execute these workloads in all available infrastructure combinations, and propose a variety of alternatives for users to choose from. When selected, the workload will be automatically deployed and executed in many virtual machines. Users collect results in the form of files or using simple visualization tools.
Cooperation mode:
Look for European cooperation in high performance computing, artificial intelligence and cloud computing. The company has completed the first stage of platform creation, and MVP is ready for use. Look for investors who will fund the following activities:-improve the artificial intelligence algorithm for predicting the execution time and cost of HPC workload-start the marketing and commercialization activities of products-find alternative use cases based on the experience collected so far. Assuming that an agreement is reached, a new company will be established, focusing on the HPCMinds platform.