blobbles
05-12-2016, 09:30 AM
Heard these guys on National Radio this morning, sounds interesting. They are a tech company in the field of AI and machine learning with (it appears from their website) a focus on network/hardware capability/capacity and planning (http://www.aria-networks.com/products/overview/). Current clients they claim to be big accounting firms, they help them make sense out of complex and voluminous data. Fairly bleeding edge stuff.
They are planning on an NZX listing soon, hoping to raise $50m in capital. They was talk of Diligent founders/investors being involved. They said they were more interested in NZX rather than others because NZX has a history of supporting tech startups (or some such). Reading between the lines, it was hard to see if this was their real motivation (I think Aus would be better?), maybe they all just decided they want to move to NZ together!
Would be interested in learning about their products more and looking at their books. Seems like they have some pretty heavy weight science guys in their line-up, looks very promising. http://www.aria-networks.com/about-us/board/
But like all startups, particularly tech, buyer beware.
EDIT
Iceman picked up below I pointed to the wrong company. I don't know why you would name your company so close to another in a similar business in similar industry based in the same country. Its like having a company named Microosoft based in Seattle that makes alternate office software!
Further info about the offer and timetable information here: http://www.scoop.co.nz/stories/BU1612/S00096/timetable-and-progress-to-new-zealand-and-australia-ipo.htm
They are planning on an NZX listing soon, hoping to raise $50m in capital. They was talk of Diligent founders/investors being involved. They said they were more interested in NZX rather than others because NZX has a history of supporting tech startups (or some such). Reading between the lines, it was hard to see if this was their real motivation (I think Aus would be better?), maybe they all just decided they want to move to NZ together!
Would be interested in learning about their products more and looking at their books. Seems like they have some pretty heavy weight science guys in their line-up, looks very promising. http://www.aria-networks.com/about-us/board/
But like all startups, particularly tech, buyer beware.
EDIT
Iceman picked up below I pointed to the wrong company. I don't know why you would name your company so close to another in a similar business in similar industry based in the same country. Its like having a company named Microosoft based in Seattle that makes alternate office software!
Further info about the offer and timetable information here: http://www.scoop.co.nz/stories/BU1612/S00096/timetable-and-progress-to-new-zealand-and-australia-ipo.htm