DeepVerge, a scientific research group founded in Ireland and listed in London, will create 60 highly skilled jobs in Co Cork.
He announced a major expansion of his Fermoy-based scientific data management company, Rinocloud, with the development of a new center of excellence in artificial intelligence (AI). The company is recruiting for positions in data science, physics and microbiology.
Fin Murray, managing director of Rinocloud and chief operating officer of DeepVerge, said the new center will play a key role in the real-time detection of pathogens such as E-coli and the SARS-CoV-2 coronavirus, which leads to Covid.
The new facility, to be located in the Moorepark Technology Center, includes laboratory and engineering production units to discover these pathogens in water and wastewater systems.
Rinocloud is one of three divisions of DeepVerge (formerly Integumen) which cover environmental monitoring, life sciences and data / AI.
The company, which was acquired by DeepVerge under a â¬ 3.5 million deal in 2019, is a data management company that has developed a remote monitoring sensor system that transmits data from ‘samples and uses AI to process large volumes of information to detect pathogens. Its technology is used among others by the Environmental Protection Agency.
âThe epidemiology of water is not new and will not end with this pandemic. Examining wastewater for evidence of SARS-CoV-2 is an internationally recognized tool used by many governments to assess the rate of infection in community populations, âsaid Founder and CEO of DeepVerge, Gerry Brandon, commenting on Rinocloud’s expansion
In addition to environmental monitoring, Rinocloud also works with DeepVerge’s microbiology firm known as Labskin, which developed lab-grown human skin – using the AI ââmodel it developed to analyze the skin to detect various microbes and DNA.
DeepVerge, headquartered in Cambridge, England, has a market capitalization of around Â£ 60million. The group, which is listed on AIM in London, has just entered into a major agreement with China Resources Group to form a joint venture for the manufacture and sale of environmental monitoring equipment. CRG is a Chinese state-owned conglomerate that reported revenues of $ 91 billion in 2019.
He also recently launched a new “ Skin Trust Club ” service that promises a personalized skin care routine derived from a home testing kit and app that builds a complete picture of a skin’s microbiome. individual and the impact of their local environment.
Overall, DeepVerge employs over 90 people and holds over 60 patents. It also has facilities in York, Delaware and Shanghai.
âData is at the heart of everything we do. We generate and store our own data – from contaminants in water, skin microbiome, etc. – to continuously teach AI to learn from it, âsaid Murray.
He said there was huge potential for the business to grow locally, noting the World Health Organization’s launch this week of a new global center in Germany for pandemic and epidemic intelligence. in order to predict, prevent, detect, prepare for and respond to health threats.
âIn the life sciences industry alone, our customers include many of the world’s largest companies, including Unilever. We expect this to increase dramatically with the monitoring work we do, âsaid Murray.