Based in Germany, the AI business paretos has just secured €8.5M in its Series A round as it looks to grow its Decision Intelligence offering, built to provide more sophisticated business-oriented AI solutions.
paretos, a Heidelberg-based Artificial Intelligence startup, has raised funding from Acton Capital along with support from existing backers, including UVC Partners and LEA Partners. Moreover, other reputable angels, such as Blinkist’s Niklas Jansen and former Vodafone CEO Hannes Ametsreiter, joined this round. With this funding, paretos aims to solidify its position as a pioneer in the emerging field of Decision Intelligence, which focuses on transforming large data sets into effective decisions.
Platform Designed to Provide Business ROI:
paretos’ platform has proven highly effective, capturing over 100% ROI for clients within the first year. Additionally, major companies like Hellofresh and EDEKA rely on the platform to address challenges ranging from fluctuating customer demand and supply chain management to operational issues. Given the fact that more and more organizations are experiencing a shift in reality that includes a focus on the processing and analyzing of the massive data sets that are required in the modern business environment, paretos’ solution has been designed to create tangible business utility, including when business is unpredictable and weak economically.
Related Content: Data Intelligence | Revolutionizing B2B Sales Teams
Market Analysis and Future Outlook:
The market for Decision Intelligence is likely to grow at a rate of 25% per annum to become a €50 billion industry by 2030. Moreover, paretos focuses on practical, evidence-based strategies and aims to lead this market as one of Gartner’s top-listed European suppliers. Further, the startup has the technological competitive advantage of offering its clients an Artificial intelligence patented solution.
With this additional liquidity, paretos’ vision is to strengthen its technological edge and market penetration.
CEO Thorsten Heilig, said: “Our AI platform is a great weapon for businesses that had increasing pressure for cost and productivity.”
