logo
How BrAInStormX is making AI work for businesses

How BrAInStormX is making AI work for businesses

Irish Times11 hours ago

Like it or not, there's no getting away from AI. Its potential reach is mind-boggling, so it's hardly surprising that many organisations are struggling to pin down exactly what it can do for them.
Promising to cut to the chase is Dublin-based start-up BrAInStormX, whose founders, Patrick Brennan and Brian Glancy, say it bypasses the hype to provide AI solutions that deliver tangible results.
Brennan and Glancy met while working for Kingspan. Brennan was the CTO, and Glancy (an engineer by background who holds personal patents in logistics, construction, and manufacturing) was digital strategy director and head of innovation.
The road to the formation of BrAInStormX began in 2023 when software engineer Brennan started using AI to build a health and wellness start-up.
READ MORE
In the course of his research, he spotted an opportunity to provide an AI service to the general market that focused more on the 'how' and less on the 'why' of AI to help organisations answer two key questions: where do we start with AI, and how do we implement it safely? Convinced that the opportunity had legs, the founders pivoted to develop what has since become BrAInStormX.
'We all know why we should use AI, so focusing on the how is now the most important aspect. However, too many teams are stuck in AI limbo and unsure where to start. They've heard the buzzwords, but they don't know who to trust,' Brennan says.
'Furthermore, while large enterprises have the resources to leverage AI for strategic advantage, smaller organisations are being left behind. Our mission is clear – build intuitive, powerful AI tools that any business can use to develop winning strategies that drive growth, innovation, and competitive advantage in an increasingly complex global marketplace.'
'What makes us different is that we work directly with organisations to transform their approach to AI by helping them understand its value in terms of what it can do specifically for them,' Brennan adds. 'We identify practical applications and help with their implementation without getting buried in jargon and technical complexity.'
`Spec'
Clients give BrAInStormX a 'spec', as it were, for how they would like to use AI in their operation – to drive efficiency or improve processes, for example – and the company makes recommendations on the best way to proceed.
'We can transform what is currently weeks of consultant work into an instant AI strategy, and unlike many AI start-ups chasing quick wins, we bake security and regulatory compliance into every solution,' Brennan says. 'We are boutique for a reason and are building our own AI solutions for our service offering because you really have to master the technology before you can implement or advise on it.'
Brennan adds that from talking to companies, he has found that many are worried about how the tools they're using are being used to train AI models. He's also come across companies that can't account for how private information about them has turned up in the public domain. And the fallout is not over yet.
Brennan predicts that the next wave of AI will make it increasingly important for organisations to lock down how they're using AI to minimise risk, keep their brands safe, secure their data, and keep day-to-day operations on the right side of governance and regulation.
'Our focus is on ensuring that organisations implement AI,' Brennan says. 'This means risk analysis aligned with the EU AI Act and compliance by design. Any new technology exposes an organisation to risk, but unlike other technologies, AI risk is still largely misunderstood. This is why human-centric solutions and oversight are key.
'We prioritise quality, security, and brand protection in an uncertain new world. AI is not without its liabilities, but it also has amazing potential. Data within organisations that has been siloed will be a source of future value if AI can be used safely and the data capitalised on without exposing it unnecessarily to open models.'
Brennan says that rapid advances in AI have radically changed the timeline on establishing a new business such as BrAInStormX. 'Even four or five years ago, to do what we've done would probably have taken 20 people a year to build. We did it in three months with one person.'
Funds
Investment in the company to date is running at around €100,000 between personal funds, a feasibility grant from Fingal Local Enterprise Office, and stipend support from Enterprise Ireland as part of the New Frontiers programme.
The company has been revenue-generating since late last year, with clients in Ireland, the UK, the US, and Europe, and there are plans to launch an initial seed round of €500,000 early next year.
Interestingly, the founders have eschewed the SaaS revenue model on the grounds of public fatigue with recurrent fees. Instead, they've opted for a one-off charge to provide clients with a report on what they need in terms of AI and how to implement it.
The BrAInStormX platform will be fully developed by the end of this year and, once all the elements are up and running, the company will begin hiring.
However, rather than bringing a raft of techies on board, Brennan says they will be looking for business development specialists who have the knack for dealing with people.
In his view, the more tech takes over in business, the more important the ability to build personal relationships with clients will become.
Are you aware of a recent innovation or innovator we should feature in this column? Email us at
innovation@irishtimes.com

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Global shares hit their third record high in three days despite Fed concerns
Global shares hit their third record high in three days despite Fed concerns

Irish Times

time26 minutes ago

  • Irish Times

Global shares hit their third record high in three days despite Fed concerns

Global shares hit their third record high in three days on Thursday despite growing market concerns about the US Federal Reserve's independence. Dublin Euronext Dublin finished the day up 0.5 per cent, which was largely in line with international peers. Ryanair climbed 40 basis points, but underperformed the sector with Aer Lingus parent International Airlines Group and Air France up 2 per cent and 4.5 per cent respectively. It was a mixed bag for the home builders with Cairn Homes up 2 per cent, while Glenveagh Properties was down 23 basis points. READ MORE Meanwhile, insulation specialist Kingspan finished the day up 1.2 per cent, while Ires Reit – the biggest landlord in the State – climbed 1.3 per cent. Among the food names, Kerry Group was up 22 basis points at close of business, while Origin Enterprises, Greencore, and Glanbia climbed 2.7 per cent, 2.2 per cent, and 1.8 per cent respectively. London The UK's main stock indexes rose, with midcaps closing at a 10-month high as investors digested corporate results and considered the outlook for interest rates after data indicated softening consumer spending. The internationally-focused FTSE 100 ended up 0.2 per cent, with a jump in the pound to its highest since 2021 weighing on dollar earners such as Unilever and HSBC. The FTSE midcap index climbed 0.8 per cent to its highest close since August. Among companies that reported, Inchcape gained 5.9 per cent after the car distributor maintained fiscal-year outlook through cost-cutting measures that offset US tariffs and increased competition. Moonpig slumped 9.2 per cent to touch a more than two-month low after the greeting card retailer forecast slower earnings growth and announced the departure of its CEO. Next 15 Group slumped 28 per cent after the consultancy and marketing services provider warned full-year 2026 profit would significantly miss market expectations. Europe European shares edged higher again, buoyed by signs that the Israel-Iran ceasefire appeared to be holding and that European Union leaders were preparing to set their stance for US trade tariff talks ahead of a Trump-imposed deadline of July 9th. The region's flagship Stoxx 600 index was up 0.2 per cent on the day while MSCI's record-high world stocks benchmark was up 0.4 per cent, leaving it almost 8 per cent ahead for the year. The euro jumped 0.6 per cent to $1.173, its strongest since 2021. Euro zone bond yields fell slightly after rising the day before, as markets weighed worries about rising fiscal spending against the outlook for monetary policy. Germany's 10-year government bond yield, the euro zone's benchmark, was last down 1 basis point at 2.555 per cent, after rising 3 basis points the day before. The 30-year yield was little changed at 3.07 per cent. 'We're range trading,' said Anders Svendsen, chief analyst at Nordea. 'I think we should be careful not to over-interpret daily moves.' New York The dollar sank to a more than three-year low after reports Donald Trump is planning to choose the next Federal Reserve chief early. The US dollar index was down nearly 0.5 per cent on the session and more than 10 per cent for the year. If it stays that way in the next few days it will be its biggest fall in the first half of a year since the start of the era of free-floating currencies in the early 1970s. Wall Street's main indexes were trading higher, with the benchmark S&P 500 and Nasdaq nearing record highs. The Dow Jones Industrial Average rose 0.74 per cent; the S&P 500 rose 0.66 per cent; and the Nasdaq Composite rose 0.73 per cent. Copper miners gained after the red metal's prices jumped to a three-month high. Freeport Freeport-McMoRan rose 6.2 per cent and Southern Copper advanced 6.5 per cent. Equinix's shares dropped 9.2 per cent after its annual growth forecast failed to impress investors, with multiple brokerages cutting their ratings on the data centre company's stock. – Additional reporting: Agencies

Ballymaloe Cookery School profits soar after Kate Winslet enrolls for course
Ballymaloe Cookery School profits soar after Kate Winslet enrolls for course

Irish Times

time42 minutes ago

  • Irish Times

Ballymaloe Cookery School profits soar after Kate Winslet enrolls for course

Boosted by Hollywood star Kate Winslet enrolling for a course at the Ballymaloe Cookery School last year, post-tax profits at the school increased by 53 per cent to €135,952 in 2024, according to its accounts. It recorded post-tax profits of €88,864 in 2023. The post-tax profits at the cookery school last year resulted in accumulated profits rising to €3.05 million. The total remuneration of its three directors – Darina Allen, Toby Allen and Rory O'Connell – in 2024 (including salaries and other benefits) was €329,847; the previous year they shared €336,478. READ MORE The east Cork cookery school business sits on a 100 acre organic farm, where Darina Allen is the majority shareholder. In April of last year, t came under the spotlight after Winslet enrolled in a two-and-a-half-day course there with TV chef and bestselling cookbook author Rachel Allen. The cookery school usually has more than 60 courses on offer each year and the flagship programme remains the 12-week long certificate course which runs three times every year. Already, the course for this September and January of next year is booked out, with participants paying €16,295 for September's course and €16,795 for the January option. The school increased its headcount last year, from 68 to 73 people, with staff costs rising from €2.52 million to €2.6 million. Staff numbers are made up of three directors , 70 teachers and administration staff. The profits last year take account of non-cash depreciation costs of €183,123 while directors' pay dipped slightly from €336,478 to €329,847. The firm's cash funds increased from €944,642 to €988,639. The book value of the firm's fixed assets increased marginally from €4.7 million to €4.78 million. Under the heading of 'post balance-sheet event', the accounts said that 'there is a significant risk to the global economy arising from the current geopolitical situation and the impact on energy costs and inflation'. The note added that 'this development will have implications for the activities of the company in future months. The directors are unable to quantify or determine what the extent of the implications of these matters are for the company as at the date of approval of the financial statements'. The cookery school is one of a number of businesses operated by members of the Allen family at Ballymaloe.

Crypto trading exchange Kraken secures EU-wide licence from Central Bank
Crypto trading exchange Kraken secures EU-wide licence from Central Bank

Irish Times

timean hour ago

  • Irish Times

Crypto trading exchange Kraken secures EU-wide licence from Central Bank

Kraken, a crypto trading exchange, has secured authorisation from the Central Bank of Ireland under new EU regulations, which the company said would allow it to expand more quickly across the Europe. It is the first licence that the Irish watchdog has issued under the EU's Markets in Crypto-Assets Regulation (Mica), which came into effect last year. Kraken already held so-called virtual asset service provider (Vasp) registrations in Ireland and a number of other European markets, including, Belgium, France, Italy, the Netherlands, Poland and Spain. 'Securing a license from the Central Bank of Ireland (CBI), with its long heritage and experience as a rigorous financial regulator, isn't just about compliance. It's a powerful signal of Kraken's commitment to expanding the crypto ecosystem through responsible innovation,' said Arjun Sethi, co-chief executive of the company in a statement. READ MORE 'Over the past several years, our team has worked tirelessly to meet the CBI's gold standard regulatory expectations. This license reflects that effort and places us in a strong position to expand our product offering, grow our institutional and retail client base, and deliver secure, accessible, and fully regulated crypto services to millions more people across the EU.' The development bucks a recent trend. Gemini, the cryptocurrency exchange founded by the US billionaire Winklevoss twins, switched its headquarters from Ireland to Malta earlier this year citing a better environment for 'innovation among fintech and digital assets'. Last week, Coinbase, one of the world's biggest crypto marketplaces, revealed it had switched its European regulatory hub from Ireland to Luxembourg, where it has a Mica licence. Central Bank governor Gabriel Makhouf has long taken a sceptical view of crypto assets, saying most explicitly in a blog post two years ago that it 'might be more accurate' to describe them as 'Ponzi schemes' rather than investments. Mica aims to bring crypto under the same regulatory umbrella as traditional finance, but some fear that uneven enforcement across the EU could undermine its goals. France's financial markets regulator has publicly warned that the European Securities and Markets Authority's (Esma) lack of direct authority could lead to a 'regulatory race to the bottom'. Kraken said that its Mica authorisation, along with European licences under the markets in financial instruments directive (Mifid) and as an electronic money institution (Emi) will enable it extend its regulated offering to millions of clients across the EU. 'Together, these licenses support significant growth opportunities across retail, professional, and institutional client segments, including in spot trading, derivatives and payments,' it said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store