A new AI-focused venture capital firm headed by former WANdisco boss David Richards has announced its first deal in a Yorkshire partnership designed to help the world’s largest food and beverage companies boost productivity.
Sheffield-based Yorkshire AI Labs has been established by Mr Richards and his business partners following his departure from WANdisco last year and has an initial £10m fund to invest in promising local companies which could benefit from the deployment of artificial intelligence.
Its first deal is to be with a newly-created company IntelliAM, which is based in Dinnington and led by Tom Clayton, founder of leading UK maintenance engineering and asset management specialist 53North.
