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Fedr8 CEO Damion Greef talks to Alan Green about the company’s machine learning technology and the current round of fundraising
Brand Communications CEO Alan Green talks to Fedr8 CEO Damion Greef about Green Rain, the company’s proprietary machine learning engine. Damion explains how Green Rain interrogates software code at a granular level and how the process solves the challenges faced by major institutions when moving legacy applications to the cloud. Damion discusses the the decision to move the current fundraising activities to FCA regulated EIS technology funding specialists Sentient Capital.
Viewers wishing to find out more about the current fundraising round can request documents from Sentient Capital at the link below.
Fedr8’s Green Rain: Cloud-ready solutions from complex legacy software applications – Proactive Investors
Fedr8 Sales Director Richard Beckensall & advisor Derek Ward talk Proactive’s Andrew Scott through Green Rain, the business strategy and current fundraising via technology partners Sentient Capital and Crowdcube.
”Fedr8 came to market in 2008, initially as a consultancy firm, helping technology partners and resellers in the industry understand a bit more about cloud – how it was going to impact their revenue models”, Beckensall says.
”We’ve grown through automation of process and because of that journey we stumbled somewhat across the ability to automate the discovery process for applications”, he adds.
Discussing why Ward chose to get involved with Fedr8, he says: ”I’ve had a privileged opportunity to look at tech around the world .. and those positions lead me to being able to see what UK tech could do”.
”I got involved with UK tech particularly helping organisations I felt had brilliant ideas, really smart people and importantly people running them who’ve got the credentials of having taken businesses and scaled them”.
”In this cloud market place … the people who will win are the people who can accelerate the growth”, Ward says.
Green Rain, which launched back in September 2017, automates application discovery and helps support customers to make fast decisions, at scale and with greater efficiency.
Multichannel Podcast – Brand CEO Alan Green discusses Fedr8 Green Rain with Neil Butland of Sentient Capital
Neil discusses Sentient Capital’s role in identifying high potential growth company investment opportunities for their HNW client base.
Looking at Fedr8, Neil explains how Green Rain works to analyse thousands of legacy applications, and how it saves a huge amount of time and money. He compares a typical coding task: a contractor on daily rate can take 40-50 days to complete analysis and coding requirements for a single app, in comparison to Green Rain, which takes just 24 hours and can run thousands of tasks simultaneously. These factors have resulted in Sentient Capital successfully completing two fundraising rounds for Fedr8 prior to the current Crowdcube fundraising campaign.
Award winning machine learning software company Fedr8 has launched a crowdfunding campaign to accelerate the roll-out of its Green Rain machine learning software.
Fedr8’s Green Rain accelerates the transformation of legacy software applications into fully cloud ready modern applications. Using its proprietary machine learning engine, Green Rain interrogates software at a code level showing where code in the software needs to be changed to suit the major cloud companies’ cloud platforms. Instead of taking several man-weeks of effort, the time required for the analysis is reduced to a few machine-hours.
Almost without exception, major international companies and institutions wish to move to the cloud in order to capitalise on the efficiencies and economies that the cloud brings. These large organisations face a unique set of challenges; to move and modernise many thousands of legacy applications they first need to understand the DNA of those applications.
Fedr8’s Green Rain has already attracted keen interest from several large banks and 2 Global Systems Integrators are actively engaged in Proofs of Concepts to adopt Green Rain as a core component of their Global Cloud Factory offerings. Given these levels of endorsement a Crowdcube Crowdfunding campaign has been launched to raise £400,000 to accelerate the roll-out of Green Rain.
CEO Damion Greef; “This is a world-changing piece of Great British machine learning software” “The legacy issues of outdated infrastructures are well documented…and in many cases have impacted on our day to day lives.”
To find out more about the Crowdcube fundraising opportunity, click on the Crowdcube logo above or click here.
Want to find out more about Green Rain? Sales Director Richard Beckensall explains all in the video clip below.
Damion Greef, CEO
Richard Beckensall, UK sales Director
Tel. 07555 323321
Brand CEO Alan Green talks to Fedr8 director Richard Beckensall re the Crowdcube campaign & #GreenRain
Brand CEO Alan Green talks to Richard Beckensall, Sales Director at Fedr8 (fedr8.com) about the current fundraise at Crowdcube. Richard looks in detail at Fedr8’s flagship #GreenRain product, and explains the process of machine learning and source code analytics. He also explains how for large corporates, Green Rain accelerates the transformation of multiple legacy software applications into a fully digital cloud based solution.