Former Autonomy chief Lynch backs Augmented Reality startup

Mike Lynch makes an undisclosed investment into London-based Taggar.

Mike Lynch, Autonomy founder

Mike Lynch, the co-founder of software firm Autonomy has invested in an augmented reality start-up based in London.

The start-up known as Taggar, allows people to share video and other content they have tagged to objects, Lynch said.

The undisclosed investment is the second by Invoke Capital, a $1 billion fund set up by the British entrepreneur after he left Autonomy. The first was a $20 million investment in cybersecurity firm Darktrace.

Advertisement - Article continues below

Lynch is now focusing on commercialising science and mathematics technology coming out of British universities, which he calls "techy tech".

"I am a great believer that techy tech and creative tech need to talk to each other a bit more, on both sides," he said in an interview.

"We are good at both of them, but the sad thing is in the past they haven't leveraged each other enough."

The use of augmented reality, which allows devices such as smartphone to recognise objects in the real world, such as a building, and overlay relevant information onto the image on its screen, is expected to become increasingly common.

The launch of Taggar comes on the third anniversary of London's Tech City, a government-backed initiative to create a cluster of tech business in the capital.

Advertisement
Advertisement - Article continues below

Lynch netted $760 million after HP bought Autonomy, but the deal has been overshadowed by accusations of accounting fraud.

Advertisement - Article continues below

Lynch, who has strongly contested the claims, said he had heard "remarkably little" from the authorities, including the US Department of Justice and Britain's Serious Fraud Office, in the last year.

"We are still sitting here waiting to hear what this is all about," he said.

"It's an absolutely bizarre situation to us."

Featured Resources

Top 5 challenges of migrating applications to the cloud

Explore how VMware Cloud on AWS helps to address common cloud migration challenges

Download now

3 reasons why now is the time to rethink your network

Changing requirements call for new solutions

Download now

All-flash buyer’s guide

Tips for evaluating Solid-State Arrays

Download now

Enabling enterprise machine and deep learning with intelligent storage

The power of AI can only be realised through efficient and performant delivery of data

Download now
Advertisement

Most Popular

Visit/software/video-conferencing/355138/zoom-beaming-ios-user-data-to-facebook-for-targeted-ads
video conferencing

Zoom beams iOS user data to Facebook for targeted ads

27 Mar 2020
Visit/infrastructure/server-storage/355118/hpe-warns-of-critical-bug-that-destroys-ssds-after-40000-hours
Server & storage

HPE warns of 'critical' bug that destroys SSDs after 40,000 hours

26 Mar 2020
Visit/software/355113/companies-offering-free-software-to-fight-covid-19
Software

These are the companies offering free software during the coronavirus crisis

25 Mar 2020
Visit/mobile/mobile-phones/355088/apple-lifts-iphone-purchase-restrictions
Mobile Phones

Apple lifts iPhone purchase restrictions

23 Mar 2020