In this episode we learnt about Jack Macfarlane, CEO of DeepStream Technologies.
The company is completely modernizing communication and data exchange among parties within the RFX experience (any sort of procurement process). With a strong focus on reducing inefficiencies, and bringing auditability, transparency and flexibility to a bureaucratic tender process that was ripe for disruption and with an industry-agnostic SaaS solution.
Jack lived a very cosmopolitan life in his early years. He was born in Egypt and grew up in places like Peru, Tanzania, India and France before he went back to the UK at the tender age of 14.
With a strong investing banking and finance background, Jack invested early into DeepStream (just when they were just an idea), and wanting a new challenge, he approached the founding team and convinced them that he could take the company to its next level.
Jack also led the team into the Techstars journey. The energy program designed and managed by Equinor, Kongsberg and McKinsey brought many benefits, most importantly validation in “an incredibly risk-averse industry”, introductions and the “brand” that come with the industry partners managing the program.
Typical companies range from gigafactory battery providers, brokers like Braemar, O&G companies, and any other company that relies heavily on document-heavy-tender-processes.
2020 was a good year for DeepStream, catapulted by the digital-everywhere-migration, and 2021 might even bring profitability and further growth (with some money raising added to the mix). In terms of the #ClimateTech influence and impact of the DeepStream solution, they are enabling and further helping the startups in the Gigafactories battery space all around in Europe and the EV auto industry to become even more efficient. Therefore, helping the digital transformation of all these companies to move faster, reduce friction and increase transparency. Jacks sees even from a clean-accreditation point of view (in terms of carbon emissions, etc) lots of potential to use DeepStream as a mechanism to shed light into CO2 footprint within the supply chain. Very exciting area to explore.
DeepStream Technologies website: https://www.deep.stream/
Techstars: https://www.techstars.com/
David's LinkedIn: https://www.linkedin.com/in/davidcontrerasdiaz/
Art by: Maria Alexandra Monteverde / Instagram: @mariale.ilustra.asi
Editing, mixing and mastering by: Julio César Fernández / Instagram: @juliocfdez
Disclaimer: This podcast was prepared by myself in my personal capacity and the views and opinions expressed in the podcast are my own. They do not necessarily reflect the opinion or views of TGS and TGS does not guarantee the accuracy or reliability of the information provided herein.