Version 1
Dublin, Ireland
About
Version 1 is a Dublin IT consultancy whose AI Labs practice delivers generative AI, machine learning and data platforms for public-sector and financial-services clients.
Who They Work With
Insurers, brokers and public bodies automating document-heavy back-office work with an ISO 42001-certified delivery partner.
Based on 6 client engagements with a source URL · researched 3 Sept 2026
Our Take
The Foundation Risk Partners work is the study to read: an AI Labs system that reviews policy documents against the broker's business rules, hands the summary to a human expert and feeds the result back into the sales process, with the client's COO putting numbers on it himself—gap analysis from 40 hours to 4, policy checking that removed about $2.5 million of outsourcing fees, and roughly $3.9 million in revenue contribution so far.
Two more named generative AI deliveries are live or complete—TNMOC Mate, a GPT-4 visitor guide at the National Museum of Computing, and Decipher-generated documentation of NAMA's loan system that saved over nine weeks—while the Barts Health invoice-processing build on OCI Document Understanding is still tracking toward go-live and the SpiderRock Perl-to-Python study is a five-file proof of value.
The stack behind the FRP tool is described only as AI, deep learning and traditional machine learning, and two case-study pages still carry lorem-ipsum placeholder text under The future, so ask for the architecture and the operating model in writing rather than reading them off the site.
The weaker fit is buyers wanting a small specialist bench—this is a 4,200-person firm where AI is one practice beside cloud, Oracle, Microsoft and managed services, so confirm the AI Labs team, not a generalist delivery pod, would staff your work.
Key strengths
- ISO/IEC 42001 certification for AI management announced January 2026, plus Claude Preferred Services Partner status from July 2026
- Named client executives speak on the record: FRP's CIO and COO, NAMA's Head of Systems, TNMOC's Museum Director and Barts Health's finance leadership
- Human-in-the-loop design is documented in two studies—expert validation before downstream content at FRP, per-field confidence scoring at Barts
Good to know
- FRP's headline figures (75% cycle-time cut, 300 bps EBITDA) are client-reported and cover a wider program—ask which parts Version 1 built versus advised on
- Treat the Department of Social Protection announcement as a 2026 framework contract award, not a delivery reference—no system is described yet
- Rates are unpublished; with staff across Dublin, London, New York, India and Australia, ask where your AI engineers would sit and at what blended rate
Reviewed by Gabor Kiss
Founder & Curator, AIAgencies.eu · 3 Sept 2026
Based on the agency's publicly available portfolio. Own this agency? Claim your profile to provide additional context or request a review update.
Notable Clients
Documented engagements: Foundation Risk Partners, The National Museum of Computing, NAMA, Barts Health NHS Trust, SpiderRock, Department of Social Protection, NatWest, and Channel 4. 6 of 8 carry a source URL on file.
Also worked with
Industries
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