NeuWave

Reducing offshore costs using advanced data models and AI

The first thing to crack when raising investor money is to make a convincing pitch deck and PitchBuilder have certainly cracked it.

We’re sure that we pass on some great startups that just don’t hit the mark in their deck (and we aren’t even investors!)

PitchBuilder works with start-up & growth stage founders who either don't have a pitch deck, or have one that isn't performing.

Lead by Jay Dickieson, an ex-strategy consultant delivering board-level strategy projects for global brands like Tesco, Sainsbury’s and AT&T. Jay now spends his time building killer pitch decks that impress investors and help founders raise funding.

With a £600 million raised track record, if your deck isn’t performing this might be a no brainer of an investment to make.

Lucky for you, quick pitch has got our readers a discount of £150+vat on their Gold Pitch Deck Creation Package.

Meet the founders

  • Cofounder and CEO, Jana Stella: PhD Environmental Engineering Candidate, Machine Learning and AI specialist

  • Cofounder and Lead Data Engineer, Chris Wright: PhD Computer Science Candidate, Quantum Computing Specialist

The Market

  • Offshore operations rely on weather and sea surface models to protect their vessels and other coastal infrastructure

  • False or inaccurate predictions have a huge cost:

    • Incorrect predictions cost from £30K-700K per boat each day

    • Installing wind farms and other large assets have average construction delays of 2-4 years totalling up to £1.2B

This startup is solving two key problems:

  • Poor data models: NeuWave’s local models reflect the actual sea surface conditions. Their models are able to see weather windows and sheltering zones which other models cannot

  • Inflexible Scheduling: NeuWave’s flexible scheduling leverages AI and their bespoke data model to be 20x more accurate then the industry standard, which could save key projects up to £100m annually

Founder-market fit:

The two cofounders are well suited to build the advanced data models in this area, having studied for their PHDs in computer science and environmental engineering.

NeuWave is transforming vessel navigation and scheduling, making offshore operations made visible, accessible, actionable;

→ Local data models for accurate weather and sea-surfacing reporting

→ Automated tools to plan routes and redirection

→ Live dashboards to track changes offshore

We’re collaborating with VC’s to offer exclusive allocations into deals. Stay tuned for the launch of quick pitch deal

In the meantime register below if you’re interested

If you’re interested to receive exclusive opportunities like these join our waiting list now

Login or Subscribe to participate in polls.

Quickfire

Headquarters

Manchester

Employee count

4

Business model

SAAS with optional Pay-as-you-go 

Backed by 

Insurtech Gateway, QVentures ,GM Advance, GC Angels

Funding amount

£515,000 committed

Raising £600,000 (£85k left to fill)

Traction Metrics: 

  • Secured 4 customers who are waiting to use the product as soon as it goes live (later this month).

  • Trial booked with the National Grid.

  • Demos and proposals ongoing with several wind farms

Competition

  • StormGeo, Met Office, and Global Maritime provide limited support to help offshore operations:

    • Neither StormGeo nor Global Maritime provide wave specific regional data. They also do not run daily sensitivity tests.

    • The Met Office does provide regional data and sensitivity tests but it doesn’t provide data in an accessible format and it doesn’t provide historical data.

    • Overall, NeuWave’s data has been shown to be 20x more accurate.

Our take

APPEALS

  • Large underserved market: Protecting offshore operations is a billion dollar industry that is relying on old, outdated tools that are ripe for disruption

  • Huge upside: Improving on current models even slightly has the potential to save offshore companies hundreds of millions in wasted days

  • Strong moat: The team have developed their data models which competitors cannot easily replicate

RISKS

  • Dense market: There are a small number of large potential clients; breaking in could be tough

  • Building the team: Hiring staff and growing the team in this very niche industry could be challenging

  • Limited maritime experience: The founders have amazing technical experience in this field, but limited experience working in the industry with the key players

To request an introduction to the founder, choose 'Yes' below

Login or Subscribe to participate in polls.

Quick Pitch’s First Event!

  • We’re partnering with The Graduate Guide and Grads Building Companies alongside Peter Wood to host our first investor-founder dinner in March 🤝

  • We’re bringing together the most promising young founders for an exclusive dinner—designed to connect them with early stage investors who can help them scale. With a community of 20,000 ambitious young founders building the next generation of UK startups, they’ve already got the recognition from the likes of Google and other leading brands.

  • Let us know here if you’d like to come, partner with us for the event, or have a space we can use.

Let the people decide

How Likely will NeuWave succeed? 1-10 scale

Tell us WHY in the comments

Login or Subscribe to participate in polls.

Last feature’s results

  • The people have spoken: Our readers are SPLIT on JOBBA, with 50% believing it will be a success. Vote in the poll above to see how your decision stacks up against thousands of founders, investors and operators.

  • Here’s what you guys had to say: Low margin recruitment is either all or nothing, 58k for 1 year is not a strong signal. My last one we launched did £1m in 12 months. With no digital platform. Great concept though

Written by Seb & Luke