The Wales Tech list: 35 firms at the cutting edge of innovation and technology
Technological innovation can be found far beyond just companies in software and hardware, but in a wide range of sectors including advanced manufacturing, life sciences and financial services.
And here are 35 great tech focused firms in Wales, from established companies going through new exciting technology-driven growth phases to high-growth potential start-ups.
Our listed is ranked in alphabetical order.
Airbus' huge operations at Broughton in north Wales and Filton near Bristol play a pivotal role in the design and production of some of the world' s most technologically advanced aircraft, including its A380 superjumbo.
The wing-making operation at Broughton employs 6,000 with more than 4,000 in Filton.
The aerospace giant spends around £4bn annually with UK suppliers, which supports a further 11,000 high-skilled jobs in its supply chain.
Cardiff-based start-up Amlyfi was created to deliver business insights into possible technology or market disruptions by commercialising military grade artificial intelligence techniques initially developed for cyber surveillance.
And the company’s flagship product, DataVoyant, is capable of scanning all open surface and deep web sources across every modern language, automatically interrogating, distilling and presenting underlying trends within hours using its proprietary and innovative technology.
A pilot programme, which included some of the world’s largest companies, was highly successful and demonstrated DataVoyant’s commercial viability across aerospace and defence, banking, energy, insurance, private equity, pharma and professional services sectors.
Cellnovo, which has its production facility in Swansea, has developed and marketed the world’s first wireless connected, all-in-one diabetes management system.
It is based on a wearable micro pump for continuous insulin delivery designed to help make life easier for patients.
The technology inside its micro pump is state-of-the-art, using a unique wax actuator that pumps insulin with the highest level of accuracy and precision.
The Cwmbran-based software development company is very much seen as the go to software house for many of the UK's leading price comparison firms.
Its customers include the likes of Confused, Comparethemarket and Gocompare.
Founded by Steve Jones in 2013, the business is on track to increase its turnover threefold over the next three years to around £20m.
And it has just launched the UK's first gadget insurance price comparison website, Protect Your Gadget.
Delio, which was set up in 2015, provides financial institutions with investment platforms to connect their high net worth individuals with global private market investment opportunities.
The fintech start-up is creating 30 jobs over the next two years at its base in Cardiff, but is also looking to drive its global client base through its other offices in London, Brussels and Sydney.
DevOpsGuys was set up in 2013 by the current managers James Smith and Stephen Thair, after identifying a gap in the market to build an IT development and operations (DevOps) business from the bottom up.
The company exceeded its initial target of hiring 40 employees over 24 months and now has more than 70 staff members and consultants.
Its main customers are government departments and blue chip clients including Admiral, Asos, BAE Systems, Defra, Nokia, Fitness First, Waitrose and Travelodge. It recently won a new contract with the DVLA worth £10m over the next two years.
The Cardiff-based firm is targeting £100m turnover over the next five years
Digital Health Labs
Cardiff-based Digital Health Labs has developed Metalyst, a cloud-based platform that will accelerate research on new therapies for challenging modern conditions such as cancer, diabetes, cardio-vascular disease and dementia.
It has particular expertise in using advanced analytics and cutting-edge technologies to help clients gain clarity on the value of their pharmaceutical products and services.
Doopoll was founded by Marc Thomas, Steve Dimmick and Sam Goudie, with the aim of helping organisations to thrive by understanding what matters most to the people they care about.
The Cardiff firm's technology effectively allows the honest opinions of people to be collected, whether customers, employees or TV audiences via online polls which can be analysed immediately.
With thousands of users across over 600 cities worldwide, clients using doopoll in Welsh, Spanish, French and English include, O2 Telefonica, Pernod Ricard, the Government, WRU and Admiral.
Cardiff-based Echosec gives people the power to search through social media based on location.
The results of each search helps to paint a picture of events as they are unfolding.
In less than a second their service is capable of contacting all of the services they tap into, aggregating and normalising their response, scanning for alerts and priority keywords and forwarding notifications directly to users.
The composite results are also live streamed to its connected end users.
Bangor-based Elidir Health is using technology to potentially save lives by reducing the time nurses spend on paperwork.
Its CHAI app puts important information at their fingertips, allowing them to spend more time with patients.
Self-funded from revenues, it is now gearing up to take on investment to meet demand.
Many experts in the property industry criticise the conveyancing process, with more and more pressure being added to make it more transparent. Other issues include solicitors having less time to work on each case.
Swansea-based Hoowla believes that transferring the process online fixes the problems, and that’s exactly what it’s done.
Sporting an easy-to-use website, all parties involved in a house purchase are able to keep up-to-date with the property transaction.
And it’s gone beyond conveyancing, adding family law, wills and probate, personal injury and more to the type of cases that can be supported through its case management software.
Hut Six Security
Graduate tech start-up, Hut Six Security - which has come through the graduate entrepreneurship 'bootcamp' Alacrity Foundation programme - is poised for strong growth supporting firms and organisations to comply with tough new European cyber security legislation carrying fines that could run into millions of pounds.
With growing concerns over breaches of customer data and hacking from next year companies and organisations not taking appropriate steps to mitigate against such events, face being fined as much as 4% of their global revenues or nearly £17m, depending on which is the larger.
And the Newport-based firm is already working with two of Wales’ leading firms in technology venture IQE and the Celtic Manor Resort. It is also in talks with a number of government agencies, as well as targeting the financial and professional services sector.
Hydro Industries, based in Llangennech, has developed ground breaking water purification technology.
Its technology is now being deployed across the world providing clean water to communities, including those in conflict hit countries such as Somalia and Sudan.
It also sees India as a huge growth market.
And it recently confirmed a tie up with global industrial firm Harsco Corporation, which has its HQ in the US.
The new agreement will enable both companies to bring environmental and recycling solutions to the steel plants globally.
One of Wales' leading technology firms, IQE, has been tipped to be at the heart of the next iPhone from Apple.
IQE, which is listed on the London Stock Exchange, makes the special materials that are found in laser diodes, which are expected to feature in the next Apple iPhone - to power ground breaking 3D tracking technology.
It is also a key partner in plans to create the world's compound semiconductor cluster in south east Wales, which could create up to 2,000 new hi-tech jobs. IQE has its headquarters in Cardiff.
Based in Cardiff and Pembroke Dock, Jellagen is developing next-generation materials from collagen harvested from jellyfish.
These could have a wide range of medical and non-medical applications.
And it recently secured a £1m plus equity round to expand its jellyfish collagen processing capacity and recruit a further six staff over the next two years.
The latest funding round had been led by angel investors in Medcity/London Business Angels and Finance Wales with co-investment from xénos, the Wales Business Angel Network and other existing investors.
Start-up Kar-Go is on track to deliver one the of first road-legal driverless vehicles in 2018 after a successful crowdfunding campaign.
Kar-Go, built by the University of Aberystwyth-based Academy of Robotics, is capable of delivering items to retail customers on unmarked roads without human assistance.
The academy recently closed its equity crowdfunding campaign on Crowdcube at more than £321k – 107% of its original target.
The £321,000 raised will also be matched by “one of the largest tech companies” in the world, according to William Sachiti, the group’s founder.
By using a combination of advanced robotics, driverless vehicle technology and an advanced package management system, Kar-Go will be able to make deliveries in residential areas at any time of the day.
Cardiff-based start-up education technology company Learnium was formed by a team of graduates from the Alacrity Foundation.
The social platform allows student and teachers to link up online, collaborate on projects and documents and share digital resources. The platform is available to all UK universities and colleges.
And its technology has been boosted by a deal integrating it with Microsoft Online Office. Both companies have now made their combined product available for free to more than four million students in the UK.
Caerphilly-based Nujded is a tech start-up specialising in health and wellbeing.
It engages individuals with tailored content via web, email, SMS and app-based interaction.
It aims to help people manage their health through making healthy choices based on a holistic approach to wellbeing and encouraging people to make the changes they want to make, and uses an algorithm to connect data about different aspects of an individual’s behaviour and desires and convert it into actionable insights.
Since being founded in April 2013 it’s benefited from funding from a number of sources including the Welsh Government’s Welsh Tech Seed Fund.
OpenGenius, which has developed innovation management and workplace collaboration software such as iMindMap and DropTask, was founded by serial entrepreneur Chris Griffiths back in 2006 after he spotted a gap in the market for software which promoted creativity.
Now the Penarth-based firm's software and training solutions are used by individuals worldwide within Disney, NASA, the BBC and Microsoft.
The business, which is recruiting, plans to float on the London Stock Exchange next year.
Perpetual V2G Systems
Founded in 2013, green tech company Perpetual V2G Systems is already reducing the carbon footprint of companies such as Sainsbury’s.
It harnesses lithium ion cell technology to provide zero carbon power in a variety of off-grid and mobile power settings, ranging from carbon reduction systems for use in supermarket delivery vans through to critical onboard power supplies in emergency vehicles.
The batteries can also be used to provide remote power without the need for generators, and for off-grid power storage and temporary power in both domestic and commercial buildings.
Last year the Lampeter-based firm secured a £500,000 equity investment from Finance Wales.
Machynlleth-based telematics firm Plant i has international expansion plans on its agenda, after the launch of two new innovative solutions.
The first is a device that will help lorry and bus drivers avoid low bridges or getting stuck in lanes too narrow for their vehicles. The device uses both in-cab driver alerts and remote database updates.
The second is a 360 degree bird’s-eye view video fitted to plant machinery and lorries that provides the driver with a full view covering all blind spots.
This video data is stored in-cab and on cloud servers and can be viewed remotely using Plant i software via personal computer or tablet.
ProfitSourcery.com, based at start-up hub Welsh ICE in Caerphilly, helps Amazon sellers find stock which will make them profits.
The company, which launched in 2015, has a six-figure turnover and analyses two million retail products per month and compares them to Amazon’s prices.
It has hundreds of customers, half of whom are in the USA.
Newport-based meditech company Proton Partners is building the UK’s first specialist cancer treatment centres to offer high energy proton beam therapy.
Work on the first of the centres at Newport began last year, and others are being built at Reading and Bomarsund, Northumberland.
The company was formed following discussions between Professor Karol Sikora, former head of the World Health Organisation’s cancer programme, Sir Chris Evans, the leading life sciences entrepreneur, and Neil Woodford, founding partner of Woodford Investment Management.
Life sciences firm ReNeuron is pioneering stem cell therapy to treat stroke patients.
The business relocated from Surrey to Pencoed after a £25m equity investment from institutional investors led by the Welsh Government’s Wales Life Sciences Fund, managed by Arthurian Life Sciences.
It recently reported “highly encouraging” results in its clinical trials assessing regained limb movements in stroke sufferers treated with its pioneering stem cell therapy.
ReNeuron now intends to apply to the US and European regulatory authorities to commence a randomised, placebo-controlled, pivotal clinical trial with patients.
One of most innovative companies in Wales, Riversimple has been working for years developing its breakthrough Rasa ‘network electric’ car powered by a small hydrogen fuel cell in the boot.
The Powys-based firm, led by Hugo Spowers, set out to rethink not just the way we power cars, but the way we build and acquire them.
The Rasa is as lightweight as it can be, its chassis a carbon fibre monocoque weighing just 40kg.
And a product of 15 years of research, its emits only water with a range of 300 miles.
And residents in Monmouthshire have been chosen to test drive 20 of the hand built cars later this year, ahead of commercialisation in 2018.
Caerphilly-based Signum Health is a digital referral platform for medical professionals, healthcare providers and the public.
It is the brainchild of primary care and public health manager Victoria Norman, who has worked in the industry for 15 years and has first-hand experience of how a system like Signum Health can help patients while saving the NHS money.
It has already been used by medical practitioners around the UK to remotely diagnose a range of skin conditions and allergies.
It can also diagnose 17 other conditions remotely and has the potential to scale quickly.
Llandudno fintech firm Stockomendation has calculated the big stock market winners of the year when it comes to picking savvy investments.
The firm was created by entrepreneur Paul Roberts after a dud share tip saw him lose a significant sum of money
It ranks the performance of researchers and analysts, helping investors decide who to follow and who to avoid.
Unlike conventional refrigeration, the patented Sure Chill cooling technology does not require a constant electricity supply and can be used to time-shift energy usage.
It provide cooling for over 10 days or more without power in hot ambient conditions. The platform technology can be adapted to suit any cooling device, from cool box and domestic refrigerators to air conditioning and retail chillers.
And the Cardiff-based technology firm was recently named as one of 30 firms globally that can help create a better future for the world in a Dubai government backed initiative. The company's backers include Microsoft founder Bill Gates.
The Newport-based firm is another graduate entrepreneurship start-up to emerge from the Alacrity Foundation.
Talkative leverages WebRTC technology to power webcalling. Webcalling allows consumers to make a voice call from an organisation's website into the organisation's phone systems.
Its vision is to make webcalling ubiquitous and bridge the divide between telephony and websites.
TestLodge is a cloud-based software testing tool that enables its users to document and manage their testing efforts with ease.
It’s primarily used by start-ups, internal IT departments, product and design agencies and quality assurance teams looking for an easy-to-use programme to test the functionality of their software.
The Penarth-based company currently supports thousands of users across more than 180 countries and is widely regarded as one of the top emerging software testing tools to come out of the UK.
Founded by entrepreneurs Nick Tulp and Rhydian Hoddinott, Thaw Technology began trading last year.
And within three months the Cardiff start-up won the highest subscribed Innovate UK competition ever with their invention the Use By Mate, which has now partnered them with Tesco and the food waste charity WRAP.
The invention informs customers of the expiration dates of the products they have in their home, delivering notifications direct to their phones and also providing menu suggestions.
Cardiff-based life sciences firm TrakCel has developed technology that allows the safe and visible management and control of cell, gene and immunotherapies from clinical trials through to commercial scale on a global basis.
Last year it secured £315,000 European investment to take part in a cell therapy project to help treat cancer, and last summer it announced that it was to double its workforce after a new funding round.
It is looking to significantly increase its commercial activities in North America.
Based in Swansea Veeqo is an in-one inventory, orders and shipping management system for e-commerce businesses.
Founded in 2013 by e-commerce entrepreneur Matt Warren, Veeqo has been backed by investors including New Look founder Tom Singh.
The Veeqo team has grown from a headcount of one to 30 over the past two years and the new investment round will be used to further grow the team and improve its software, with 75 new jobs planned over the next three years.
Having delivered 504% growth of its monthly recurring revenue over the past 12 months, Veeqo’s next objectives are to further dominate the UK market and expand into the US.
Last year the investment community gave a huge thumbs up to the commercial potential of software business Vizolution when it raised £5m.
HSBC led the investment while Finance Wales contributed another £1m.
The Port Talbot-based firm develops customer service software for financial services, telcoms and utility companies.
And this year it has significant growth targets both domestically and internationally.
The firm also intends to expand its presence in North America and develop new products.
The financial technology sector is poised for huge growth, and Cardiff-based robo-investment firm Wealthify ticks all the right boxes.
One of the co-founders is managing director of ActiveQuote.com, Dr Richard Theo, the other is experienced chartered wealth manager Michelle Pearce.
Wealthify’s online technology requires no investment knowledge and is targeted at people who want to invest anything from £1 to £2m.
It uses a combination of algorithms and an investment team to build basic portfolios ranging from the cautious to the adventurous.