Kerry company Graphite Note raises €1.2m in seed round

Investment comes from angel investors and support from Enterprise Ireland

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Vinnie Lynch and Hrvoje Smolic, Graphite Note The images appearing are the exclusive property of Michelle Breen Crean Photography and are protected under International Copyright laws. The images may not be reproduced, copied, transmitted or manipulated without the written permission of Michelle Breen Crean 086 1023233. Use of any image as the basis for another photographic concept or illustration (digital, artist rendering or alike) is a violation of International Copyright laws.

Kerry-founded machine learning data analytics platform Graphite Note has closed of its seed investment round of €1.2 million, with the support of angel investors, led by Gerry Devitt, CEO Harvest Financial, and Enterprise Ireland. This investment will be used to achieve further global growth, in addition to expanding its team from its base at The RDI Hub, Killorglin.

Founded in 2020 by Hrvoje Smolic, CEO, and Vinnie Lynch, CRO, Graphite Note is a no-code machine learning platform that gives businesses around the globe access to actionable insights via unique analytics.

“The journey we have embarked on since 2020 has been laser focused on one mission – providing businesses around the world with a tool that aids them to grow,” said Smolic. “With this injection, we further advance this goal, giving companies across the globe the accessible and actionable insights they require.

“While there is a sea of AI products and platforms on the market presently, we are proud to say Graphite Note is one that brings immediate, impactful and lasting results to the business intelligence and data analyst teams that utilise its capacities – we are looking to replicate the successes we have seen from our existing clients on a wider scale, and this investment ensures that we remain at the forefront of the AI revolution.”

“I saw firsthand just how labor intensive and expensive data science can be, during my tenure as a data scientist, and the issues this has historically caused for companies – our goal is to democratise data analytics to give businesses an immediate competitive advantage. This is the future of data,” added Hrvoje Smolic.

“I have been in the tech space for many years, and there is one thing that has rung true for me – sales is a science,” said Lynch. “Our platform brings that science to businesses across the globe; we are delighted to have the support of Enterprise Ireland, our angel investors and other contributors to this round, who understand the value of this mission, and the importance of investing in regional tech players. We have seen a burgeoning tech community formed in Munster in recent years, and it is one we are proud to be a part of. This is a very exciting time for us, as these partnerships only accelerate our mission.”

Graphite Note plans to create 25 local jobs over the next two years in operations, sales, marketing and technology as it looks to scale its business outside Ireland.

TechCentral Reporters

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