The capital expansion will facilitate the distribution of technology, the launch of the platform to the market, and international expansion.

Inveready invests in Shapelets, one of the first time-series analysis platforms in the Big Data landscape. The solution has a multisectoral approach, providing value in any data-driven business environment such as the energy, healthcare, industry 4.0, IoT, or financial sector. The product has been developed using novel AI algorithms, originating from academia and research, and provides analysis and modeling tools for Data Scientists with the aim of improving information for decision-making in the business areas of companies.

This platform is unique to the market, capable of processing and modeling large volumes of time-series data and viewing it quickly and intuitively, extracting information relevant to the different departments of companies in real time. All of this is done with much more optimal resource consumption than other current techniques. Therefore, the platform reduces implementation costs and accelerates the adoption of advanced analysis techniques. This solution can be used in a company’s infrastructure as well as a cloud model.

As Founder Justo Ruiz Ferrer explains: “This agreement with Inveready is going to help us take Shapelets to the next level, where we will make Shapelets a globally recognized and well-known product, a fundamental piece of the architecture of companies that support their business in data”. Justo has extensive experience in the financial field, specifically in the area of Quants in investment banking, and has also been a CTO in leading companies in the technological landscape. Justo founded this innovative company in Malaga in 2018.

Consequently, thanks to this capital expansion, Shapelets aims to address the product launch phase in the global market and continue to expand the platform’s capabilities. “The extraordinary growth of the integration of artificial intelligence capabilities into a multitude of business processes has created the need for platforms such as Shapelets that facilitate the process of curating, understanding, and representing data. We are delighted that Inveready can help strengthen this important innovation ecosystem. We are convinced that Shapelets will become one of its pillars”, says Ignacio Fonts, Managing Partner at Inveready.

As a remark, the operation has been supported professionally by the law firms Lexcrea, on behalf of Inveready, and Mora & Jordano, on behalf of Shapelets.