Brainnwave, Hatch Form Co-Venture for AI-Augmented Metals, Mining, & More

Brainnwave, founded in 2014, provides an augmented business intelligence platform that leverages advanced machine learning and statistical models to transform data. Now, the Edinburgh-based company has teamed up with a company nearly 60 years its senior: Hatch, which delivers engineering, construction, and consulting solutions for industries spanning mining, metallurgy, energy, and infrastructure. The new co-venture will combine Brainnwave's AI-powered analytics with Hatch's sector knowledge to deliver improved solutions for those industries. At the launch of the co-venture, Hatch announced a Series A investment in Brainnwave, not disclosing the amount of the investment. "This partnership made sense because both organizations are like-minded in their entrepreneurial approach, willingness to do things differently and challenge the status quo, and propensity to develop game-changing solutions," said Steve Coates, CEO and co-founder of Brainnwave.