Edinburgh-based Administrate, a cloud-based training management platform, has successfully raised €3.5 million (£3M) in funding from the Investment Fund for Scotland (IFS). This investment, managed by Maven and delivered by the British Business Bank, will enable Administrate to launch its new AI-powered scheduling software and expand its market reach to international clients, including Siemens, Royal Caribbean, and Maersk.
Led by CEO John Peebles, Administrate’s platform integrates with customers’ existing Learning Management Systems (LMS) and key business systems, serving as a central hub for managing training and scheduling. The recent funding aligns with the launch of their AI-driven scheduler, which allows large enterprises to plan, schedule, and optimize complex classroom training activities at scale.
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Scaling AI Solutions
The company aims to address the challenges that large enterprises face in managing training programs, particularly those still reliant on spreadsheets and traditional classroom settings. With the support of IFS Maven Equity Finance, Administrate is poised to enhance its AI capabilities, driving further innovation in Scotland’s rapidly growing tech sector.
Mark Sterritt, Director of Nations and Regions Funds at the British Business Bank, emphasized the importance of funding for tech entrepreneurs in Scotland, highlighting Administrate’s potential to lead in AI-powered training management solutions.
Strategic Investment for Future Growth
This funding round marks the fifth investment by IFS Maven Equity Finance, which has previously backed companies like Carcinotech, Calcivis, and Nami Surgical. Rob Stevenson, Investment Manager at Maven, expressed enthusiasm for supporting Administrate’s journey, noting the platform’s ability to deliver more efficient and cost-effective training solutions for large-scale organizations.
With this new investment, the scotish firm is set to continue its growth trajectory, leveraging AI to revolutionize training management across global markets.
