The Teesside AI price optimisation tech specialist Bubo.AI has been selected as a regional winner for Tech Nation’s Rising Stars 3.0 competition.

Tech Nation’s Rising Stars 3.0 is the UK’s most exciting national competition for innovative, early-stage tech companies, designed to showcase the best the country has to offer, and to help companies become investor ready. The Rising Stars competition provides the opportunity for early-stage scaleups to meet leading investors, influencers and corporates.

This accolade follows another award for Bubo.AI who were recently crowned ‘Best Emerging Technology in AI’ by Computing’s AI & Machine Learning Awards 2020.

The five regional winners for each region and nation across the UK have been selected by a panel of industry experts and the companies are regarded as tech leaders within their respective regions.

The competition culminates in the top 20 companies being showcased online and promoted to a curated audience of investors, corporates, influencers and the wider tech ecosystem. The judging panel will then deliberate over the final 20, selecting 10 companies to be named as this year’s Rising Stars. The 10 Rising Stars UK Winners will be revealed in February 2021.

Alan Timothy, CEO of Bubo.AI, said: “The team is excited to represent the North East. Since the start of the global pandemic, being good just isn’t good enough anymore. At Bubo.AI we strive to be the best, and relish this opportunity to stand on the shoulders of giants to learn and improve as we head towards our next funding round.

Being a Tech Nation Rising Star company will give us the ability to extend our network throughout the UK startup and investor community even more, which could support future growth goals.”

Over 330 applications were submitted, which demonstrates the vitality, resilience and scale of the UK startup scene in 2020. Despite the current challenges, entrepreneurs are founding and launching companies, and investment is still being raised.

Esme Caulfield, Competitions Lead, Tech Nation, continues: “Everyone knows that 2020 is a challenging year. We’re honoured that so many companies took the time to apply for Rising Stars 3.0 and are truly excited about the calibre of our Regional Winners.”

The 55 Rising Stars Regional Winners are companies that are proving their resilience and adaptability, building products that will support businesses and customers both now, and into the future. They are all deserving of recognition – and here at Tech Nation, we’re thrilled to celebrate and showcase them.”

Entrepreneur Engagement Manager for the North East, Kate Patton, added: “I am in the lucky position of being able to meet so many innovative, brave, and ambitious founders who are creating disruptive and game changing (quite literally) technology right here in our lovely part of the world.

Rising Stars is my favourite competition that we host because it shines a light on these types of founders and enables them to raise their company profile at a nationwide level. Massive congratulations to all our regional winners, you have made the Northeast proud!”

Bubo.AI, recognised in Gartner’s 2020 Pricing Optimization Software list, uses the power of artificial intelligence (AI) to get prices right. Wholesalers, retailers, and other B2B companies rely on Bubo.AI’s award-winning SaaS-based technology and expertise to determine the optimal price point for every individual transaction. With a corporate headquarter in the UK and offices across Europe, Bubo.AI is committed to deliver profitable growth and typically achieves a 3% increase in net margin for its customers.