- CEO
- Paul William Watts
- Full Time Employees
- 44
- Sector
- Technology services
- Industry
- Packaged software
- Address
- 60 Gracechruch Street London GL United Kingdom EC3V 0HR
- IPO Date
- Apr 29, 2014
- Business
- Rosslyn Data Technologies plc Rosslyn Data Technologies plc provides a cloud-based spend intelligence platform that leverages artificial intelligence and machine learning to extract, clean, enrich, classify, and analyze procurement data from diverse source systems including enterprise resource planning platforms, purchase cards, and purchase order systems; core offerings encompass the RAPid platform for data visualization and workflow management, the Artificial Intelligence Classification Engine (AiCE) for automated spend categorization into any taxonomy without pretraining, IniTrack for real-time tracking of procurement initiatives such as cost savings, supplier rationalization, de-risking, and sustainability goals, and Benchmarking for comparing spend against industry peers, internal departments, and public price books like Amazon Business; additional services include professional services for platform configuration and onboarding, data enrichment from external sources, supplier information management, supplier performance management, and supplier contract management. The company, founded in 2007 and headquartered at 6th Floor, 60 Gracechurch Street, London EC3V 0HR, United Kingdom, operates primarily in the United Kingdom, Europe, and North America, serving large global enterprises across sectors such as technology, healthcare, manufacturing, media, e-commerce, and professional services with complex supply chains; it targets procurement departments while enabling collaboration with risk management, finance, and sustainability stakeholders through intuitive interfaces and automated workflows that deliver rapid return on investment via spend visibility, risk mitigation, and strategic decision-making. Recent developments include the commercial launch of AiCE in 2024 following operational deployment and testing with four customers, securing a major three-year contract with a top-10 Fortune 100 global technology company for central procurement data lake development, selection as preferred supplier by a top-5 global consulting firm leading to contracts like a US internal spend visibility project on over $20 billion across 23,000 suppliers and a partnership for North American center of excellence with joint go-to-market strategy, post-period wins such as a £220,000 three-year deal with a Fortune 500 healthcare solutions provider via Accelerate Procurement partnership and further contracts with a global media company generating $160,000 ARR plus $60,000 professional services and a British train operator for £200,000, platform modernization to serverless architecture for AI readiness and efficiency gains, a £3.3 million gross fundraising via shares and convertible loan notes in October 2024, and launches of IniTrack post-year-end with Benchmarking imminent; these initiatives supported FY2025 revenue of £3.0 million, improved gross margin to 40.7%, reduced adjusted EBITDA loss to £2.0 million, and lowered monthly cash burn to £160,000, positioning the company for sustainable growth through expanded pipeline, quality revenue focus, and AI-driven modules.