Tech start-up Finchetto rounded off 2024 in style after scooping three awards for innovation.
The company based at Surrey Research Park in Guildford is developing the worldโs first fully-optical passive Ethernet switch for data centres.
This could transform the energy efficiency of data centres across the globe – making them more sustainable and freeing up energy to advance the roll out of artificial intelligence (AI).
The work is being recognised globally with various awards. One of which singles the Guildford-based company out as potential new Spotify or Deliveroo.
Who are tech start-up Finchetto?
Finchetto is run by CEOย Mark Rushworthย and CTOย Michael Pearcey. The focus is developing alternatives to traditional electronic switches, which are energy-intensive and generate excessive heat, requiring costly cooling systems.
Currently data centres consume 2% of all global electricity. And traditional electric network switches are the workhorses of every data centre, accounting for 20% of a centre’s total energy use.
Finchetto’s design could reduce this power requirement by up to 26 times. This means it has the potential to transform the efficiency and sustainability of data centres worldwide.
And, with powering sufficient compute is the single greatest challenge for AI today, its work could be key in the roll out of new technologies.
Since being incorporated in July 2020 Finchetto has steadily grown. And 2024 was an important year in its development as it secured high-profile funding and a new home.
Finchetto’s success in 2024
The Surrey-based start-up put together a successful ยฃ1 million bid for the SBRI Future Telecommunications Challenge in March 2024. It was one of just 16 businesses to secure a slice of the ยฃ70m funding pot
In October 2024, Finchetto moved into Surrey Research Park, one of the UKโs leading hubs for innovation and home to over 170 companies at the forefront of technological and scientific advancement.
Since then it has made waves in the tech industry, winning three major awards for its revolutionary work.
In November, Finchetto earned top honours at the Deep Tech Demo Day 2024, a competition involving 170 companies across Europe. Judges praised the companyโs photonic computing innovation for its transformative potential in networking and AI performance.
The startup also scooped โHottest Pre-seed Startupโ at The Europas Tech Startup Awards. They are joining the ranks of previous winners include Spotify and Deliveroo.
Most recently, Finchetto received a TechWorks Award for Technology Breakthrough, which recognises the best in UK tech.
Mark Rushworth, CEO of Finchetto Ltd said: โBy using light to send and switch data, we aim to revolutionise datacentre efficiency. Joining Surrey Technology Centre has been instrumental in our progress, and we are proud to have our work recognised with these awards. We look forward to advancing this transformative technology.โ
Caroline Fleming, Director, Surrey Innovation District ecosystem, University of Surrey said: “Congratulationsย to the Finchetto team! Their cutting-edge research positions them as leaders in photonic computing, tackling the challenge of growing AI processing demands while reducing environmental impact. By supporting companies like Finchetto, Surrey Research Park continues its 40-year tradition of fostering innovation and supporting award-winning businesses.”
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