CORREVATE GOVERNANCE
About Correvate
Correvate’s Vercator® technology was initially created in the Department of Electronic and Electrical Engineering at University College London, UCL, and then, on 1st January 2018, exclusively licensed to Correvate. Since then the IP portfolio has been acquired outright by Correvate, substantially enhanced and taken into the cloud.
Our patented, award winning technology enables the automatic alignment and subsequent analysis of 3D point cloud datasets created using any scanning technology of any wavelength. A short paper describing its operating principals and benefits of deployment can be found here.
The technology’s first market was the AEC sector (grouping Architecture, Engineering and Construction) where professionals typically create a ‘digital twin’ of targets of interest, yielding improvements in their productivity. Vercator is now also commonly utilised in many market areas in addition to the AEC, including mining, infrastructure, real estate, film & TV, manufacturing and sports.
Correvate's Board of Directors
Martin Richards
NON-EXECUTIVE CHAIRMAN
Martin qualified as a solicitor and spent his career at Clifford Chance where he was a partner for 30 years specialising in company law.
He was a founder trustee of International Lawyers Project (2005-2011); a trustee of Thames Community Foundation (2005-2011); and a trustee/vice chair of The London Community Foundation (2011-2020).
On retirement in 2003, he took an idea for an invention to University College London which agreed to develop it under the leadership of Dr. David Selviah. Correvate’s technology developed from that work and from other substantive work undertaken at UCL by David Selviah and PhDs who are now part of the Correvate team.
He was appointed a Non-executive Director in December 2017 and Non-executive Chairman in April 2021.
Dr David Selviah
DIRECTOR & CHIEF SCIENTIFIC OFFICER
David Selviah is both Director of Correvate and an experienced UCL academic involved in teaching at all levels. David created the original patented ideas that form the basis of the Vercator® service. Correvate Limited was formed in 2017 to exploit these ideas. David creates original research ideas for Correvate in response to customer demand and provides leadership and supervision.
For the last 34 years at the Department of Electronic and Electrical Engineering, University College London (UCL) he carried out research into machine learning, artificial intelligence, 3D pattern recognition, 3D algorithms, 3D laser and computer generated holography, 3D laser display development, 3D laser interferometers, novel microlenses, optical fibres, waveguides, connectors, 3D tracking of mobile phones. He has over 250 publications in peer reviewed journals, conferences and books. He has formed and led numerous project consortia of international universities and companies.
David achieved his PhD in Advanced Photonic Engineering at Trinity College, Cambridge University.
Purav Asher
NON-EXECUTIVE DIRECTOR
Purav Asher is a graduate of University College London (UCL) with a BSc in Economics and has spent the bulk of his professional years engaged in the Investment Management industry in London, Asia and the Middle East.
Prior to this Purav spent his formative post graduate years working in the Investment Banking division of Deutsche Bank in London and Tokyo.
He was appointed a Non-executive Director in January 2021.
Dr Steven Schooling
NON-EXECUTIVE DIRECTOR
Steven Schooling has been involved in early stage technology identification, investment and commercialisation for over two decades and currently leads the Engineering and Physical Sciences team at UCL Business Ltd, UCL’s IP commercialisation company. He has played a leading role in the creation and successful development of UCL spinout companies such as Senceive and Endomagnetics and also in the establishment of the UCL Technology Fund.
He is an engineer by training with a PhD in Process Control Engineering from Manchester Metropolitan University, which is complemented by industrial experience in the newspaper and process control industries and an Executive MBA from Manchester Business School.
He was appointed a Non-executive Director in July 2021.
Henry Kenner
NON-EXECUTIVE DIRECTOR
Henry qualified as an accountant with Spicer & Pegler (now Deloittes) and then joined NatWest's investment banking business, followed by 15 years at several global financial businesses, culminating as a managing director of Deutsche Bank. In 2007, Henry led the spin-out of a business from Deutsche Bank and its development into an alternative fund management business servicing global institutional investors with, at its peak, USD 6bn of assets. In 2017, Henry stepped down as CEO to lead the IPO of the fintech/financing part of the business as Chairman and CEO. As a result of Brexit related regulatory changes, Henry arranged a demerger and a further IPO of the business before retiring in 2019 to concentrate on his environmental and private business interests.
Correvate's Executive Team
Saqib Usman
FINANCIAL CONTROLLER
Elisabet Chaves
PERSONNEL & ADMINISTRATION
Ercan Derimalay
PROFESSIONAL ADVISOR