23rd August 2019 – As one of the first cities in the world to appoint a chief technology officer – the innovative Francesca Bria – Barcelona has earned a reputation as southern Europe’s innovation hub. The tensions that shook the city after Catalonia’s failed bid for independence in 2017 have subsided, and Barna (as locals call the city – the football club is Barça) has recovered its shine with entrepreneurs and investors alike. Part of that is down to the city’s vivacious nightlife, and to Spain’s links with Latin America.
“One gets the chance to rapidly penetrate a very big market – Latin America – where people speak the same language,” says Clemens Rychlik, content manager at startup news platform Barcinno. Convenience is another factor. “Lower cost of living, lower cost of employment, lower property costs,” says Ben Nachoom, founder of coworking space OneCoWork. “The costs of failing in a city like Barcelona are lower than in other major European cities.”
Founded in 2011, Red Points provides software-as-a-service, with machine-learning-enhanced bots constantly scanning e-commerce websites, social media and online marketplaces to spot copyright violations regarding both digital and physical products. Detected infringements include online counterfeiting, piracy and fraud. The company employs more than 200 staff, runs offices in both Barcelona and New York, and boasts several high-profile clients in its portfolio, including Bang & Olufsen, MVMT and Mighty Mug. The company has raised a total of £50 million in investment – the latest round was a £30 million Series C spearheaded by Boston-based Summit Partners, in April 2019. redpoints.com
Read the full article in Wired.