Ping Technology Labs Ltd

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Timur Gok, founder of Ping Technology Labs, stands smiling with two colleagues with arms folded

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Ping Technology Labs Ltd

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Enterprise Scholarship and Business Plan Competition winner: Ping Technology Labs Ltd

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Timur Gok is a University of Leeds alumnus, having graduated with a BSc degree in Economics.

His entrepreneurial journey began during his university years, where he was awarded an Enterprise Scholarship and won the Spark Business Planning competition in 2019 for a venture in reselling limited-edition footwear.

About Ping Technology Labs Ltd

Inspired by the potential of technology to transform businesses, Timur founded Ping Technology Labs Ltd.

The company, which he started using the funding he received from winning the Business Plan Competition and Enterprise Scholarship, provides specialised hosting and VPN infrastructure.

Their brand, Ping Proxies, enables companies to programmatically gather and interact with websites on a large scale. This is achieved by providing access to millions of IP addresses, preventing websites from rate-limiting their requests.

Their services have a wide range of applications, including business intelligence, brand protection, price comparison, and training AI models using web data.

Support from Spark

Timur said: “Throughout my entrepreneurial journey, Spark has been an invaluable source of support. They provided me with some of the initial funding for Ping Technology Labs Ltd, which allowed me to bootstrap the company without needing any initial third-party investment or giving away any equity.

The Enterprise Scholarship bootcamp offered by Spark was instrumental in my growth as an entrepreneur. It provided me with the opportunity to learn from business, accounting, and legal professionals about how to run a company.

Their support system has been a reliable source of legal and accounting advice, which has been incredibly helpful. One of the hardest parts of being an entrepreneur is knowing where to look for good professional advice in these areas without spending a huge amount of money, and Spark has been essential in guiding me through this process.”

Growing Ping Technology Labs

Since its inception in 2020, Ping Technology Labs Ltd has grown significantly. They have become profitable, served over 21,000 customers, and generated over £1.4 million in revenue.

They have moved into new offices in Manchester, UK, and the expansion of their team to include three full-time software developers. These milestones underscore their commitment to innovation and growth.

Spinning out

Looking ahead, Timur is excited about a new project, Bloxed™. This spin-out business from Ping Technology Labs Ltd aims to build a SaaS platform that allows companies across industries to rapidly collect, validate, process, and analyse web data at a massive scale.

The platform will remove much of the friction and hassle associated with web data collection, allowing firms to work more efficiently and cost-effectively. They also plan to provide seamless integration for AI model training and aim to launch the Bloxed™ platform in beta in quarter one of 2024.

Timur and his team are excited about the future of Ping Technology Labs Ltd and look forward to continuing to innovate and grow in the technology industry.