Founded in 2018, Nodes & Links’ intelligent software controls the effects of complexity within projects, increasing their predictability, productivity and profit. Today the London-based company has announced that it has raised about €1.6 million (£1.4M) in a seed round led by ADV, with participation from Seedcamp and Entrepreneur First, to increase the performance of complex projects around the world and across all industries.
Complex projects account for over 4% of the world’s GDP, yet only 7.8% are completed on budget and to time and profits are regularly in the single digits. Nodes & Links is leading in the field of complexity science and in its application to project management.
Nodes & Links CEO, Greg Lawton, stated: “The world of the future will not look like the one today: it will have hyperloops; space travel; sustainable living and total global interconnectivity. All aspects of change will be driven in one way or another by complex projects. Through this investment we can accelerate our work to make these endeavours more efficient and effective. By taming complexity, we will enter a new era of productivity with the complex projects we undertake, achieving what was before thought to be impossible.”
The company, which is headquartered in London and has a laboratory in Cyprus, has developed world-leading technology to quantify and control the effects of complexity. Its most recent deployments included de-risking the maintenance plan for a UK-based Nuclear Reactor, improving the baseline estimates of a £billion infrastructure project, and improving upon the industry-standard Critical Path Method by over 2,800% in the aerospace domain.
Nodes & Links is now building its capability into a hybrid-collective intelligence called Aegis and partnering with some of the world’s largest organisations to deploy its intelligence.
Greg Lawton continued: “By quantifying the causal and probabilistic relationships that exist between project KPIs and human actions we give managers, sponsors and executives confidence in the delivery of their most ambitious endeavours. Moreover, we give them the opportunity to improve and learn over time. The change that we are ushering in is as philosophically important as automation was for manufacturing and agile was for software development, and that is really exciting. Through this investment we will be able to accelerate our growth and continue our work on producing world-leading research.”
Tong Gu, Investment Lead at ADV, stated: “Globalisation has led to the shrinking of time and space. But being global means organisations are managing much larger projects across unique markets creating unnecessary unknowns. Nodes & Links are laser-focused on understanding and interpreting complexity for project leaders. The founders have a strong combination of theoretical and commercial experience in the field. Early progress has shown us the size of the potential future and we’re really excited to see this become reality.”
For more info about how Nodes & Links works, check out their CEO’s Demo Day pitch as part of Entrepreneur First 2018: