German data analytics and AI startup Recovery AI secured €1.1 million in pre-seed funding to enable businesses to perform complex data analysis in just seconds.
Companies are generating more and more data, but lack the time and resources to convert this data into actionable recommendations.
Scavenger AI develops three unique workflow-related AI tools that enable businesses to make data-driven decisions. Its software not only cleans the data, but also automatically analyzes it statistically based on user questions and presents the analysis in simple language. Finally, all mathematical results are enriched with industrial data and presented in dashboard form, providing a comprehensive and user-friendly data analysis solution.
According to Maximilian Hahnenkamp and Felix Beissel, founders of Scavenger AI:
“We are particularly pleased to have such renowned investors on board who support us in our mission to show companies the best possible decision in all circumstances, based on their data.”
HTGF led the investment round with Calm/Storm Ventures, Femventix and the B4i fund
Kilian von Berlichingen, senior investment director at HTGF, says:
“AI makes businesses more efficient, and Scavenger AI is well on its way to revolutionizing how businesses can gain unbiased insights from their data. I was particularly convinced by the technical solution behind it, which already creates great added value for their customers. “
Carina Roth, Head of Investments at Calm/Storm, says:
“We have invested above all in a strong, young and ambitious team led by Maximilian and Félix, who know what it takes to win! With Scavenger AI, their mission is to revolutionize the way businesses think and act .”
Scavenger AI will use the new funding to expand its team, develop technology infrastructure to meet current customer requirements and launch its software.
Main image: Scavenger Ai. Photo: uncredited.
