Multi-million funding boost for flood mitigation software
A company whose software helps water companies to tackle flooding and pollution has received an £8.4m investment to boost staff numbers and international expansion.
Belfast-based software company StormHarvester has developed a solution that uses machine learning and rainfall forecasting to help prevent avoidable flooding and pollution using a prediction and anomaly detection approach, which is now being used by 75 per cent of wastewater utilities in the UK.
The funding will facilitate the expansion of the company’s product range, as well as its sales and marketing capabilities, and will accelerate growth into new markets including Australasia and North America, whilst also strengthening its presence in the UK.
In a statement, StormHarvester founder and CEO, Brian Moloney, said, “This significant investment represents a transformative step in our company’s journey, fuelling our expansion and creating exciting opportunities for Northern Ireland's job market.
“We’re thrilled to announce new positions spanning sales and marketing roles to drive our global reach, alongside cutting-edge technical roles that will shape the future of our smart technology as we advance our innovative product roadmap.”
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