California computing platforms firm ThinCI has opened a base in Leeds and plans to create 40 jobs in the city.
The new workspace is on Cross Street and ThinCI CEO Dinakar Munagalam explained: “What attracted ThinCI to the UK is its talent pool of engineers and programmers that could immediately begin providing the chip design and software development assistance we needed. We found that talent in Leeds and Kings Langley.
“The Department for International Trade was very helpful guiding us through the unfamiliar regulatory network for setting up a new venture in the UK. This assistance allowed up to get establish quickly and our newly employed engineers and programmers productive in record time.”
The company develops groundbreaking products for the rapidly expanding Artificial Intelligence and Vision Processing markets.
The investment was the result of Department of International Trade work across its network. A total of 11 separate foreign investments in UK Fintech are expected to create 359 jobs across Leeds, London, Newcastle and Reading.
International Trade Secretary Dr Liam Fox said: “It’s easy to see why the UK is Europe’s top destination for foreign direct investment. Our country is home to world leading research and development capability, as well as a culture of innovation.”