Liopa raise pre-seed funding

Liopa recently completed a ‘pre-seed’ funding round designed to take the company through development of technology demonstrator and early market proving.

Liopa CEO, Liam McQuillan, commented “we are greatly encouraged by the willingness of our investor partners to support us at this early point in our journey.  This strong backing, clear market need for our Visual Speech recognition technology and our exceptionally strong founding team give Liopa every chance to succeed”

Liopa win Regional Final of Seedcorn Investor Readiness competition

Liopa were today named the best new start and best early stage companies respectively at the regional final of the 2016 InterTradeIreland All-Island Seedcorn Investor Readiness competition.

With a global market for the technology, Liopa’s CEO, Liam McQuillan, viewed the Seedcorn process as an opportunity to develop the company’s pitch as Liopa gained exposure to the investment community.  They will use the prize money to assist in the production of the first market-ready product.

Now in its 14th year, Seedcorn is the island’s biggest business competition for new start and early stage companies in any sector, from any part of the island.  The competition, aimed at companies which have a new equity funding requirement, has an overall cash prize fund of €280,000, with no equity stake taken.  Since its inception in 2003, companies that have gone through Seedcorn and reached regional final level, have leveraged in excess of €200m.  Encouragingly, so far for last year alone, this figure stands at more than €10 million.

InterTradeIreland Picture Conor McCabe Photography

InterTradeIreland Picture Conor McCabe Photography

Photo – SeedCorn CEO Connor Sweeney with Liopa’s Liam McQuillan

Liopa completes spin-out from Queen’s University Belfast

Liopa have completed the ‘spin-out’ process from Queen’s University, Belfast.  The founding team have been joined by Belfast-based hi-tech start-up veterans Liam McQuillan and Richard McConnell and by Richard Davidson, ex-Principal Software Architect at Intel/AePONA. Queen’s University retain a shareholding in the company through their Research Commercialisation vehicle, QUBIS.

Liopa CEO, Liam McQuillan, commented “We have a exceptionally strong founding team within Liopa with a proven track record in creating and developing hi-tech software product start-ups, and in achieving high shareholder ROI on exit. We have world leading expertise in the fields of image processing, facial, phoneme and viseme analytics and an in-depth knowledge in the design of highly resilient and scalable software solution.  All this, coupled with strong commercial skills makes me very confident