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Cambridge Future Tech Expands its Board with the Appointment of Michael Beer and Jem Davies as Non-Executive Directors

  • Date 14 Apr 2024

Cambridge Future Tech (CFT), the leading venture-builder dedicated to fostering DeepTech innovation, proudly announces the appointment of Michael Beer and Jem Davies as Non-Executive Directors (NEDs) to its board. Their extensive experience and profound expertise in the tech industry will bolster CFT's strategic direction and accelerate its mission to drive innovation in transformative technologies.

Michael Beer recently announced his new role as Chief Financial Officer at Energy Vault, a leader in sustainable grid-scale energy storage solutions and brings a wealth of financial expertise to the board. Prior to this, he held a variety of senior finance positions in Silicon Valley at FreeWire Technologies and Luminar Technologies. Before Luminar, Michael spent 15 years focusing on global transportation and infrastructure companies, with roles at Citigroup in Asia as well as Wolfe Research, Bear Stearns, and other firms in the US. Michael's keen insight into the capitalisation and commercialisation of early-stage companies within the energy transition and mobility space will significantly enhance CFT's pioneering efforts in transformative and sustainable technologies.

A distinguished business leader and technologist, Jem Davies’ illustrious career spanned 18 years at Arm, where he held various leadership positions and contributed significantly to the company's growth and innovation. Jem was an Arm Fellow, holding multiple patents, became General Manager in Arm’s Media Processing Groups, and was the founding General Manager of its Machine Learning division. With expertise in technology roadmap development, product innovation, and market positioning, Jem's strategic guidance will be instrumental in driving CFT's forward-thinking initiatives.

Speaking on the appointments, Owen Thompson, CEO and Co-Founder at Cambridge Future Tech, remarked: "We are thrilled to welcome Michael Beer and Jem Davies to our board of directors. Their unparalleled expertise and strategic acumen will be invaluable assets as we navigate the rapidly evolving landscape of DeepTech innovation. With their guidance, we are poised to accelerate our mission of capitalising on transformative technologies and driving positive change across industries."

Michael and Jem join board members Owen Thompson (CEO), Xavier Parkhouse-Parker (COO), and The Bin Shinon Group’s Husam Alraimi and Ribal Alkhatib. Cambridge Future Tech is a uniquely tech-first venture builder based in the UK, identifying the very best technical talent and turning cutting-edge technologies into market-leading ventures. CFT is dedicated to supporting groundbreaking early-stage DeepTech ventures such as GitLife Biotech, Literal Labs, and Mimicrete. Additionally, it partners with industry giants to cultivate companies with vast market potential, poised to make significant global impact.

Jem Davies said: “Having worked closely with CFT on founding two of their portfolio companies, I have been really impressed with the quality and skill of all the people involved and I am thrilled to be asked to join the CFT board.”

“The Cambridge Future Tech platform is exceptionally well positioned to identify and attract transformative technologies, partner with purpose-driven founders, and create an environment in which early-stage companies can thrive.” said Michael Beer.

In addition to their new NED roles at Cambridge Future Tech, Michael Beer actively supports purpose-driven founders and entrepreneurs through Vest Coast Capital and the McGuire Center for Entrepreneurship. Jem Davies holds a portfolio of non-executive and chair roles, leveraging his expertise to drive innovation across various sectors.

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