SC Launch Inc. announces investment in AICG
August 31, 2022
South Carolina Research Authority’s investment affiliate, SC Launch Inc., has invested in AICG. The $250,000 investment will help the startup continue excelling as a leader in machine learning, data integration, and business analytic.
AICG Inc. became an SCRA Member Company in 2021 and received a $25,000 Project Development Fund Grant. It became a SC Launch Inc. Portfolio Company this year with this investment.
Christian Screen, founder & director, AICG, Lee MacIlwinen, investment manager, SCRA
With its flagship product, DataLakeHouse, AICG helps businesses, startups to large enterprises, become more informed about their operational metrics and gain insights on how to run their businesses better. Their product helps businesses to create competitive advantages and reach their goals by extracting the business value found in data.
“The DataLakeHouse product is also a self-service data management tool that encourages organizations to use a modern framework that is completely customizable,” said Lee MacIlwinen,” SCRA investment manager. “The AICG team designs, implements, and manages data and information systems that directly contribute to revenue and business success for their clients.”
“I started this business after seeing large and small organizations struggle to implement and analyze their own data, some being the largest household brands in the country. We realized we could help companies move the needle by delivering quick business value using their own data. SCRA and SC Launch Inc. understood our vision and partnered with us on our journey,” said Christian Screen, AICG CEO, and co-founder.
“We understand how businesses can sometimes struggle to quantify their customer base, markets, and viability. These success metrics are rooted in data, and AICG can extract the right data that produces valuable information and in a short period of time. This is crucial to a company’s success,” said Bob Quinn, SCRA executive director. “We’re excited to have SC Launch Inc. invest in AICG, and we are looking forward to their growth.”
With a mix of professional services and product development, AICG is innovating in several sectors including the restaurant, airline, transportation, gaming, health care, finance, and manufacturing industries.
About SC Launch Inc.
scra.org/sclaunchinc
Established in 2006, SC Launch Inc. is the investment affiliate of the South Carolina Research Authority. The independent nonprofit corporation provides convertible loans and equity investments to selected South Carolina-based companies participating in the SC Launch program.
About SCRA
scra.org
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority (SCRA) fuels South Carolina’s innovation economy through the impact of its four programs. SC Academic Innovations provides funding and support to advance translational research and accelerate the growth of university-based startups. SC Facilities offers high-quality laboratory and administrative workspaces for technology-based startups and academic institutions. SC Industry Solutions facilitates and funds partnerships between and among startups, industry, and academia. SC Launch mentors and funds technology-based startups that may also receive investments from SCRA’s investment affiliate, SC Launch Inc.
