UK private equity house Maven Capital Partners has invested GBP1 million in ebb3, with the potential for an additional GBP0.5 million of follow-on funding.
ebb3 is a technology services business operating in a niche part of the high performance computing market. It delivers data intensive 3D graphical applications to customers on any device using High Performance Virtual Computers (HPVCs) and its solutions negate the need for businesses to maintain and run traditional fixed location computer workstations across their organisations.
ebb3’s technology is able to drive heavyweight applications for the likes of computer assisted design (CAD) or computer generated imagery (CGI) work, delivering 3D graphics without compromising on performance. Its platform allows engineers or designers the freedom to work on any device, anywhere, at any time. ebb3 provides a full managed service solution combining the necessary hardware and support to customers.
Traditionally heavy graphics applications have required expensive inflexible fixed location single-user workstations. Typical clients have not been able to successfully run their 3D applications through traditional cloud hosted providers with acceptable levels of performance. ebb3’s solution eliminates bottlenecks, improves efficiency and collaboration, reduces the need for travel, improves security and can be accessed from any device. For many customers it can also deliver cost benefits when compared to the purchase and maintenance of traditional workstation computers.
The demand for real-time virtualised software solutions is forecast to continue to grow at over 25 per cent per annum. Within ebb3’s niche segment, exponential data growth, and remote working will continue to drive strong demand for 3D graphical applications to be delivered virtually. The technology is being adopted by a number of industries including energy services, construction, and Formula 1 which are well aligned to their solution.
The funding from the Maven VCTs will enable ebb3 to significantly scale its skilled workforce of solutions architects and implementation technicians, as well as converting the current pipeline of opportunities.
Andrew Ferguson, partner at Maven, says: “We are very excited to be supporting the team at ebb3 in the roll-out of this disruptive technology. ebb3 has a highly scalable business model with the potential for significant expansion and has already been embraced by key integrators. Given the growth we have seen in the wider market, we are confident that the demand for ebb3’s niche solutions will remain strong in the coming years.
“The highly capable management team led by Mark Vickers has over a century of combined experience, a number of whom are market leaders in their respective fields. We have every confidence in their ability to drive the business forward and deliver shareholder value and we look forward to work together over the coming months and years.”
Mark Vickers, CEO at ebb3, says: “We are proud to have secured Maven’s confidence and investment in ebb3. We were able to demonstrate the benefits of our solutions, which can now be used to help more customers make their business mobile, flexible and streamlined.
“Over the coming months, we look forward to recruiting more talented people to the team and increasing our ability to grow the business rapidly.”
