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In HR & People Engagement, Singapore

Paradox Named to Third Consecutive Inc. 5000 List — Growing by More than 720% Since 2020

Paradox, the conversational recruiting software helping companies like Unilever, Nestlé, Pfizer, and General Motors automate recruiting work to make the hiring process more efficient, was named to the Inc. 5000 for the third consecutive year — achieving the honor with a 720% three-year growth rate, highest among recruiting technology companies. The list, published annually by Inc. Magazine, recognizes the fastest-growing private companies in the United States and celebrates their outstanding achievements in business development and innovation.

Paradox debuted on the Inc. 5000 list in 2021 and was also recognized on the Deloitte Fast 500 list in 2022 and 2023. While those achievements celebrate the company’s growth, Paradox founder and CEO Aaron Matos said they’re simply the result of focusing on something far more important.

“Recognition like this is nice, but we’ve always benchmarked our success by a simpler metric: Our client’s success, specifically, our ability to solve real, meaningful problems for them in transformative ways,” said Matos. “This company has come so far from the early days of a dream and an idea — that Conversational AI and automation could change enterprise software — and we still have a long way to go to reach that vision. But, I’m so proud of the team we’ve built and the clients we have the opportunity to partner with every single day.”

First launched in 2016, Paradox’s conversational software is underpinned by a smart AI assistant that acts as a concierge throughout the hiring process — automating time-stealers and points of friction to create world-class experiences that drive higher candidate conversion and dramatically improve recruiter and hiring manager efficiency.

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In Foundries, Funding Announcement

Venture Activity Summer 2023

SAP.iO’s ecosystem of successful raises and exits

Summer 2023

SAP.iO has curated over 525 startups in SAP’s startup ecosystem. We’re proud that many of the startups from our programs continue to raise VC funding and have successful exits. This demonstrates that SAP startup technologies are addressing the rapidly changing requirements of the marketplace and have risen to the occasion of meeting customer needs. Here are the latest raises and exits you should know about!

Funding

Synspective, a Tokyo based SAR satellite constellation & One-stop Geo-solutions company, closed a $35.4M round.

Sedna, a London-based email platform that caters to customers in the bulk cargo, maritime and logistics markets, has landed a $42 million funding round it says will enable the company to further help customers integrate their email inboxes with existing systems of record. The company said the funding, which brings the total amount of venture capital invested in Sedna to $86 million, will go primarily toward enhancing its product.

Impress.ai, a Singapore-based AI-powered chatbot for recruiters, has recently secured a $6M Series A round. The new funds will be used for expansion across Southeast Asian markets. According to Impress.ai, it has users in Singapore, Indonesia, Hong Kong, Taiwan, the US, and the UK.

ChargeX, a German EV charging firm, closed a $12.5M Series B round. With the fresh funding ChargeX makes plans to expand to other European markets and also bring ‘bi-directional charging with local power connections using vehicle batteries’ into the fold

Exits

Magazino was acquired by Jungheinrich, a Hamburg-based intralogistics company. Jungheinrich has had shares in Magazino since 2020, and in 2022 it increased its ownership to 21.7%. The new deal, to acquire all shares of the company, took effect immediately upon signing earlier this week. Both parties have agreed to not disclose the purchase price.

In Foundries, Portfolio News

New Startup Solutions Available on SAP Store: Summer 2023

200+ SAP.iO startups deliver their apps, add-ins, and integration kits to SAP’s global customers through SAP Store. SAP Store is the online marketplace where customers around the world can discover, try, buy, and renew enterprise solutions from SAP and its trusted partners. We are excited to share with you the latest startup technologies to be added to the store! You can check out all of our portfolio technologies that integrate with SAP solutions on the SAP Store.

Retail Operational Quality

by Qvalon Inc

Empower your frontline workforce with ​​all-in-one app

Integrated with SAP Business Technology Platform and SAP Analytics Cloud to streamline inspections, enhance communication, and deliver vital insights from field-teams to senior management. Generate customizable reports, manage workflows, and empower frontline teams in a single app. Check out a product video here and find them on the SAP Store here.

Beem

by Holome Technologies Limited

The best communication happens in person. The second best happens on Beem.

SAP SuccessFactors customers expect reliable, trustworthy communication; Beem provides a light touch platform for pre-recorded and live-stream hologram videos. Users can create holographic recordings that are safe, secure, and stable and don’t need any clunky SDK updates. Beem can be accessed via an SSO (single sign-on) API log-in to access Enterprise features. With Beem, you appear as a full-size human hologram. Check out a product video here and find them on the SAP Store here.

eFOM Energy Management System

by Formula Technologies, Inc.

Providing EMS to ESG integration for a smart and sustainable future

Our EMS energy management dashboard is linked to SAP ERP Carbon report, providing eight major carbon management abilities. We can analyze and solve major pain points like compressed air systems, electronic systems, and water heating systems. This solution was incubated and funded by SAP.iO. Check out a product video here and find them on the SAP Store here.

BlueTax – Individual Income Tax and VAT invoice Management Expert

by Shenzhen Learning Leader Technology Ltd

Make your finance and tax operation processes efficiency, compliance, and safety

Bluetax integrates with SAP SuccessFactors through the interface, provides one-stop services for payroll, individual income tax, and social security business. Professional supply chain information collaboration and VAT invoice management cloud platform. Check them out on the SAP Store here.

In Consumer Industries, HR & People Engagement, San Francisco

Crosschq Helps Companies Advance Diversity Hiring Through Enriched Insights

Crosschq, the world’s first Hiring Intelligence platform purpose-built to increase Quality of Hire announced a new DEI enhancement to its TalentWall offering. The introduction of enriched diversity data expands the solution’s ability to visualize the entire active and historical candidate pool, enabling companies to track diversity-focused sourcing and hiring initiatives more accurately.

Jake Paul, President of TalentWall, shared, “When it comes to rendering the full picture of ATS analytics, diversity data plays a major role. Until recently, most companies relied solely on voluntary EEOC forms. This approach produced gaps and impacted the efficacy of DEI programs. With this enriched data from TalentWall, Crosschq customers will be able to prioritize their diversity hiring efforts with a 90 percent confidence rate in the diversity of their candidate pipeline.”

Earlier this year, the latest Crosschq Q Report found that diversity hiring, specifically gender and ethnicity, has slowed significantly, potentially undoing years of purposeful progress. To help prevent further erosion and ensure employers can attain their ESG and DEI goals, Crosschq built this newly enriched diversity data set, leveraging third-party resources and artificial intelligence to break down the gender and ethnic makeup of candidate pipelines. In doing so, Crosschq TalentWall customers gain a better understanding of how their talent acquisition strategies correspond with outcomes, able to see how pipeline diversity trends over time. This allows these teams to measure the impact of certain initiatives and amend diversity hiring efforts to reflect organizational goals.

Read More…

In Article, Inclusiveness, Interview

SAP Leverages Its Massive Network to Uplift Diverse Startup Founders

Almost 90 percent of global financial and goods flows touch an SAP system. That kind of reach is almost unthinkable — and the tech giant wants to put it to work to empower diverse startup founders. 

While the company doesn’t fund startups directly, its SAP.iO Foundries initiative arguably offers something even better. The program gives startups an opportunity to integrate within SAP’s technology ecosystem and develop relationships with the company’s vast network of customers, partners and employees.

Almost half the companies (44 percent) in SAP.iO’s global portfolio are founded or led by an underrepresented entrepreneur. Since 2017, the 525 companies incubated by SAP globally have raised around $11 billion in venture capital post-graduation from SAP.iO. They’ve also landed sales in the tens of millions thanks to connections made through the program and created around 36,000 jobs.

“The feedback that underrepresented people often get when they go to investors is, ‘You don’t have enough traction,’ whether that’s valid or not,” said Kange Kaneene, vice president of SAP.iO Foundries in North America, Latin America and the Caribbean. “What we can say is: We are going to give you that traction. We’re going to give you big contracts with big customers that are incontrovertibly impactful in whatever region or industry they sit in, and then we’ll help you fundraise by introducing you to people. And that’s something that the numbers show has been extremely successful for us.”

A boost for underrepresented founders…

SAP.iO intentionally seeks out underrepresented founders, who it defines as entrepreneurs from groups whose venture capital funding is disproportionately low for their region. This varies globally but often includes women, people of color, LGTBTQ people and people from countries that tend to be overlooked by VC funders.

SAP.iO formalized its commitment to these founders in 2019 with the launch of SAP.iO No Boundaries, which it bills as “the first comprehensive inclusive entrepreneurship initiative for underrepresented and underestimated entrepreneurs in the business software industry.” It pledged to scale SAP.iO Foundries with a focus on diverse founders, aiming to support at least 200 startups founded or led by underrepresented entrepreneurs by 2023. It met that goal in July, six months ahead of schedule.

But incubating startups led by diverse founders is only the beginning. Creating a landscape in which these startups can succeed also means busting preconceived notions and changing hearts and minds.

“When I talk to external stakeholders about how we’re excited about the focus on underrepresented founders, their feedback is always, ‘Oh, so does that mean you’re compromising on quality?’ That’s always very frustrating, but we’re excited to say that [the startups led by underrepresented entrepreneurs] in the portfolio tie or surpass the rest of the portfolio on all the typical external metrics,” Kaneene said.

The 200 startups founded or led by underrepresented entrepreneurs make up 44 percent of SAP.iO’s global portfolio — and they represent half of the unicorns in the portfolio (meaning their valuation exceeds $1 billion), as well as 42 percent of cumulative VC funding. They also “have a greater likelihood to progress in their partnership with SAP,” according the company.

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In Munich, CRM & Customer Experience

parcelLab Launches ‘Retain’ to Empower Brands to Recover Revenue and Make Returns More Sustainable

New Product Offers Digital Returns Portal and End-to-End Post-Purchase Communications

parcelLab, the premier global provider of post-purchase customer experience software, announced the launch of Retain. The new product provides the uncomplicated returns experience today’s consumers expect, while providing brands with the flexibility and customization options needed to reduce costs, recover more revenue, and make returns more sustainable.

Retain uplevels the returns, warranty, and exchange process from paper to digital, featuring a digital returns portal as well as tracking and communications to enable customers to effortlessly register their returns, get a label or QR code, and track returns. Personalized emails and a customized Returns Status Page deliver end-to-end post-purchase communication to drive web traffic and repeat purchases.

Returns remain an untapped part of the post-purchase experience and the next revenue retention opportunity for brands. A recent parcelLab study found that brands’ return policies influence 92% of consumers – and 54% of consumers expect access to the return process status at any time. To meet this overwhelming market demand, parcelLab developed Retain to empower retailers to deliver their customers the tools and transparency they require while ensuring personalized journeys that build and sustain customer loyalty over time.

“Retailers have an opportunity to turn potential customer dissatisfaction into opportunities for revenue retention”

Read More…

In Singapore, HR & People Engagement

Breaking the trust barrier: Accredify’s journey to secure digital interactions

In our increasingly digitized world, the manner in which we exchange information has evolved from traditional pen and paper to the utilization of digital data, facilitated by the internet.

While these advancements offer efficiency, speed, and accessibility, digital interactions are typically hindered by a lack of trust. To preserve data integrity, verification is required, usually through methods involving multiple parties, and this can result in inefficiencies.

When Zheng Wei Quah, co-founder and CEO of Accredify, recognized this challenge, he decided to embark on a journey to transform the landscape of digital interactions.

Implementing blockchain technology for real-world cases

Quah’s first blockchain venture, Ceito, aimed at aiding businesses in leveraging blockchain technology for optimizing supply chain management and commodities trading. In 2017, he ventured into a new chapter together with his co-founders, taking the strategic step of establishing Accredify, in response to the evolving landscape that witnessed a transition from service-centric to product-centric enterprises.

According to Quah, one of the significant challenges they encountered was the scarcity of available information and resources about blockchain technology at that time.

“We’re accustomed to leveraging resources like Stack Overflow and other tools to search for solutions to our challenges. However, back then, the situation was quite different. Tasks such as customizing specific Ethereum components to align with our use case posed significant challenges. The answers to these questions weren’t readily available, leading us to recognize the need to invent our own solutions,” Quah said.

Furthermore, the concept of blockchain was relatively new, and Quah found himself needing to explain granular technical details. Controversies such as the crash of the Terra Luna cryptocurrency and the FTX centralized exchange did not deter their efforts.

Support from government entities, universities, and its clients helped people learn to distinguish between firms offering real-world applications like Accredify, and cryptocurrencies. This provided strong evidence that the company is here for the long haul.

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In HR & People Engagement, Singapore

Conversational AI in Recruitment

hrtech, the Singapore-headquartered HR Technology Analyst firm, recently announced the launch of an HR Guide titled “Conversational AI in Recruitment” to address the need for automation that simplifies and streamlines the candidate experience, while saving hours of repetitive work for recruiters every day. The guide was produced in partnership with Paradox, the conversational hiring platform helping global employers like Unilever, Nestle, McDonald’s, and General Motors transform hiring with mobile-first automation.

The idea behind the HR guide stems from the fact that there has been a drastic change in the way organizations and employees approach business processes. Digital transformation has been the topmost priority for organizations wanting to enhance business proficiency and candidate experience. Today, candidates want a consumer-grade experience at their workplace and expect the hire-to-retire journey to be digitally seamless and efficient. Candidates also expect multi-channel accessibility to connect with recruiters — and instant access to information throughout the hiring process. This is where Conversational AI proves to be a great aid for recruiters.

The HR guide intelligently brings rest to all the myths surrounding Conversational AI and maps out the differences between traditional recruitment techniques and Conversational AI-led recruitment. To harness the full potential of Conversational AI, the HR guide validates that organizations can integrate this technology into their recruitment tech stack, including Applicant Tracking System (ATS), job boards, CRM, assessments, recruitment marketing tools, and more.

The HR guide brings to light the success stories of global organizations that have deployed Conversational AI to enhance their recruitment function. The detailed case studies about the United Overseas Bank Limited (UOB), McDonald’s, and a non-profit healthcare organization will help you understand how Paradox helped them improve their recruitment function and enhance the candidate experience using Conversational AI.

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In HR & People Engagement

Impress.Ai Unveils ImpressGenie, A Generative AI-Based Workflow Builder

 impress.ai, a leader in enterprise recruitment software solutions, announced the roll-out of their innovative product impressGenie – a generative AI driven bespoke recruitment workflow builder. Recruiters can easily design role-specific recruitment workflows using simple natural language user-friendly prompts with this tool.

impressGenie’s capabilities include:

  • Mass Customization: Builds bespoke, role-specific recruitment automation workflows with precision
  • Job Description Parsing: Identifying and integrating relevant screening criteria, including keywords, into the workflow based on the job description
  • Competency Assessment: Recommending relevant assessment questions or third-party assessment tests

With impressGenie, recruiters can now efficiently customize recruitment automation workflows at a large scale, generating distinct workflows for each role, rather than relying on a one-size-fits-all approach. This mass-customization capability radically transforms the recruitment process, accommodating the unique requirements of thousands of roles.

When a new role opens, recruiters can provide basic prompts about the role to impressGenie, which will then generate a custom workflow. This workflow manages role-specific candidate information collection, screening, interview scheduling, and onboarding. Recruiters have the flexibility to decide which parts to automate and which to retain a human touch, ensuring a perfect blend of efficiency and personalization. impressGenie seamlessly integrates with all major Applicant Tracking Systems (ATSs), including SAP SuccessFactors, Workday, and Oracle Recruiting Cloud.

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In Foundries, CRM & Customer Experience, Success Stories

How Tech Makes Shopping Quick and Easy for Bosch Customers

Benefits of e-commerce include reaching new customers and better personalizing service. But what if your customers need – and have spent decades relying on – the in-store expertise of your associates? To find a very specific product? For use with another very specific product? To accomplish a very specific task?

“More and more of our users are coming online…[and] they still want to have the similar guidance and the systems they had in-store,” Ganna Lobachevska, the touchpoint owner of Product Finder and Product Guidance at Bosch Power Tools Accessories, told SAP at NRF 2023 for a new video. “Our overall goal is to make it easier for our users to find the right accessory for their job.”

Of course, making something easy to do on the front end is seldom easy to build on the back end. And that was Bosch’s challenge when helping online shoppers narrow their search for the perfect jigsaw blade, drill bit, or abrasive wheel from a truly massive accessory portfolio.

“Any company with a wide range of products has to think how they can simplify the user journey…and how they can make it easier for the customers to find the right product,” Lobachevska said. “With the Bosch Accessory Advisor, we provide a solution that makes it easier and faster.”

Building that easier, faster solution meant finding a high-tech way to satisfy a peculiar demand by online shoppers.

When Brick-and-Mortar Set the Bar (Almost) Too High

Selecting a specific power tool accessory for a specific job – and ensuring it’s compatible with your specific power tool – are big reasons that people historically shopped at brick-and-mortar stores, according to Lobachevska. It makes sense, right? You can consult with a knowledgeable human sales associate.

But Bosch’s e-commerce customers expect the same in-store-style expertise via a quick and painless online exchange, according to Lobachevska. And she doesn’t seem worried.

“The Accessory Advisor guides the user through a series of very simple questions,” Lobachevska said. “In the end, they have three perfect recommendations for the work they want to do.”

It’s pretty much an online conversation that yields the right product, according to Lobachevska. And Bosch found the right tech – and partners – to make these virtual dialogues happen.

Tech to the Rescue

“We realized that there is a need for a better user guidance,” Lobachevska said of Bosch’s decision to go with Zoovu, a Boston-based digital commerce search platform and partner solution in SAP’s industry cloud. “It offered us the best.”

Zoovu’s Semantic Studio translates technical jargon into e-commerce-friendly prose, which saves time for both Bosch data managers and shoppers. A few artificial intelligence (AI)-assisted questions later, and these accessory hunters have enjoyed a smooth, seamless customer experience.

“This means that our customers spend less time searching for a product,” Lobachevska said. “And when they purchase the product, it’s the right one and they are more satisfied.”

This increases efficiency, according to Lobachevska. It also cuts down on returns and poor online reviews.

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In Berlin, HR & People Engagement

Mitigate Risk During Employment Separation with Onwards HR

Talent acquisition remains a focal point for most organizations in this dynamic and highly competitive corporate environment. Unfortunately, the pivotal process of offboarding often takes a back seat. An efficient employment separation process plays a key role in enhancing the employee experience, protecting the company’s reputation and mitigating potential legal and financial risks associated with employee separation. One solution that effectively addresses these complexities is Onwards HR, a platform that automates key portions of the separation process to ensure accuracy, compliance and a positive overall brand experience for those leaving the organization and those charged with executing what is often an emotional and stressful process.

Even under the best circumstances, employment separation is traditionally a labor-intensive and challenging process. It involves multiple stakeholders, including human resources representatives, line managers, legal counsel and executives, who must ensure a smooth and compliant transition while managing their primary job responsibilities. This dual responsibility often leads to overstretched staff and an increased risk of errors, creating a potential minefield of financial and legal implications for the organization. Examples include lawsuits resulting from unlawful terminations, potential violations of the Worker Adjustment and Retraining Notification (or WARN) Act during mass layoffs, adverse impact on protected groups and the financial pitfalls due to clerical errors or improperly executed severance agreements. The stakes are higher than often appreciated, considering legal fees and the potential damage to the organization’s reputation. Plus, the emotionally charged nature of the circumstances surrounding these events further compounds stress, making it essential to manage with precision and sensitivity.

In light of these challenges, organizations are turning to technology to ensure a structured, automated separation process that safeguards accuracy and compliance. This is a natural extension of the ongoing movement to automation in HR technology, which is critical to achieving the best business outcomes. We assert that by 2025, three-quarters of organizations will identify use cases that specify human capital management system requirements for optimum agility. This critical business process is a perfect example of how technology brings structure and automation to a business-critical but sometimes highly risky process.

Enter Onwards HR: an innovative system that streamlines employee separation actions, minimizes financial and legal risks and saves time and costs typically incurred by a long and redundant process with the engagement of external legal counsel. Onwards HR is a comprehensive digital platform that seamlessly manages the most critical elements of the separation process. The technology ensures strict adherence to laws and regulations, minimizing the potential for costly litigation. For instance, Onwards HR has built-in compliance checks for WARN Act implications, flagging potential violations during large-scale layoffs. This preemptive risk mitigation is an invaluable asset for organizations navigating the complex legal landscape of offboarding.

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In Foundries, Supply Chain Management

E3 SAP Startup Spotlight Series: Soley

E3 magazine has selected the most exciting companies to showcase in our SAP Startup Spotlight Series. In today’s installment, we’ll be looking at Soley, a product mining solution provider available on the SAP store.

Alexander Springer is an experienced Co-Founder and CEO in the software industry. With a strong background in business development, he has successfully led Soley, a product mining provider, since 2021. Under Alexander’s leadership, Soley continues to revolutionize the product management landscape, empowering businesses to make data-driven decisions and drive sustainable growth.

What is Soley and what do you offer?

Soley is a product mining solutions provider, based in Germany with services available initially in the DACH (Germany, Austria, Switzerland) market and expanding globally. We provide advanced software and analytics tools that help manufacturing companies optimize their product portfolios and improve operational efficiency. Our platform enables companies to analyze complex data sets, identify inefficiencies, and make data-driven decisions to drive business success.

Imagine a manufacturing company producing industrial components. Leveraging Soley’s product mining solution, they can thoroughly examine their product portfolio, identifying underperforming items while optimizing their offerings to prioritize high-margin, high-demand products. Consequently, this optimization strategy enables them to achieve substantial cost savings, increase profitability, and enhance customer satisfaction. This real-world example showcases how Soley’s solution can transform businesses and drive tangible results. Our solution is scalable, customizable, and has been successfully implemented in numerous companies across various industries worldwide.

How does your solution work?

Soley’s solution operates through a powerful combination of complexity analytics, value patterns, and decision intelligence. Our process begins with a comprehensive analysis of complex data. Through this analysis, we uncover valuable insights and patterns that may otherwise remain hidden.

Using these insights, we provide decision support tools that empower manufacturing companies to make informed and strategic decisions. Our solution aids in reducing complexity within the organization, streamlining processes, and optimizing product offerings. By leveraging our expertise in data analysis and decision-making, companies can effectively navigate the complexities of their operations and drive tangible business performance improvements.

Whether it’s identifying underperforming products, streamlining production processes, or maximizing profitability, Soley’s solution offers the necessary tools and intelligence to enable companies to achieve their goals. We strive to deliver actionable insights and decision support, helping businesses optimize their product portfolios, improve operational efficiency, and ultimately increase profitability.

Read More…

In Portfolio News, Foundries

New Startup Solutions Available on SAP Store : June 2023

200+ SAP.iO startups deliver their apps, add-ins, and integration kits to SAP’s global customers through SAP Store. SAP Store is the online marketplace where customers around the world can discover, try, buy, and renew enterprise solutions from SAP and its trusted partners. We are excited to share with you the latest startup technologies to be added to the store! You can check out all of our portfolio technologies that integrate with SAP solutions on the SAP Store.

 

Morpheus.Network Brand Protection

By MN Consulting Services, Inc.

Protect your brand, reduce global counterfeiting, & improve consumer experiences

Counterfeit, grey, diverted, and stolen products erode revenues for brands worldwide. We help you protect your revenue and your customers by connecting to your purchase orders on SAP S/4HANA Cloud and using a digital twin with a verifiable identity and blockchain to protect your brand value. Check out a product video here and find them on the SAP Store here.

Gappify

By Gappify, Inc.

Powering completeness, accuracy, and compliance

Automate the entire accruals process, including vendor confirmations, PO and budget owner confirmations, historical calculations, and auto-posting JE’s into SAP S/4HANA. Automate over 500 hours of manual work, improve the accuracy of expense data, and drive tighter compliance controls. Check out a product video here and find them on the SAP Store here.

Drivin

By Drivin SPA

Drive logistic efficiency while improving your customer experience

Our dynamic pricing engine enables profitable growth by ensuring optimized pricing to influence shoppers’ buying decisions. The pricing decisions are put on autopilot to drive sales, margins, and loyalty and integrates seamless with SAP S/4HANA. This solution was incubated and/or funded by SAP.iO SAP S/4HANA. Check out a product video here and find them on the SAP Store here.

MaintainX – Maintenance & Asset Management

By MaintainX

Empower frontline teams to improve maintenance, safety, and operations

This mobile-first maintenance and asset management platform empowers frontline teams to add production hours by reducing equipment downtime. Enrich your ERP records with accurate data on work orders, assets, parts inventory, and purchase orders through SAP S/4HANA Cloud and on-premise. A partner that is a member of SAP’s curated startup ecosystem. Check out a product video here and find them on the SAP Store here.

Zerynth for SAP S/4HANA

By Zerynth S.p.A.

Easily connect any industrial machinery with your SAP S/4HANA system

Industrial IoT solution designed to extract data from any industrial machine in less than three hours, seamlessly integrated with SAP S/4HANA. Users can collect data from heterogenous assets on their shop floor and leverage SAP products to enhance process visibility. Check out a product video here and find them on the SAP Store here.

Pirika Technology to Eliminate Plastic Pollution

By Pirika.inc

Platform for visualizing the implementation status of environmental measures

This platform enables visualization of the status of environmental measures of municipalities. SAP Analytics Cloud and SAP Data Warehouse Cloud are used to integrate and visualize the status of municipalities’ environmental policy implementation. A partner that is a member of SAP’s curated startup ecosystem. Check out a product video here and find them on the SAP Store here.

Infiviz

By Infilect Technologies Private Limited

Advanced Image Recognition and Retail Execution Analytics for CPG

Infiviz provides CPG leaders with the most accurate and instant in-store execution analytics delivered to optimize retail execution and simplify decision making. With real-time instore insights on SOS, OSA etc., Sales leaders can boost in-store sales. Infiviz is integrated with SAP Sales Cloud. A partner that is a member of SAP’s curated startup ecosystem. Check out a product video here and find them on the SAP Store here.

goFlux Platform

By goFlux Technology Ltd

Leading B2B freight-trading platform for transportation-heavy users in Brazil

Our B2B freight-trading platform, integrated with SAP Business Network, provides comprehensive solutions for quoting, contracting, and managing freights. The main benefits we offer include compliance in the quoting process, which enhances cost savings and productivity. A partner that is a member of SAP’s curated startup ecosystem. Check a product video here and find them out on the SAP Store here.

CamCom Automotive Damage Assessment

By CamCom Technologies Private Limited

The most accurate automotive damage assessment AI platform in the world

With over 3 million inspections per annum, this intuitive AI-powered platform integrates with SAP S/4HANA and understands every type of vehicle damage, enabling 96% macro-level damage assessment accuracy, resulting in the creation of transparent and objective estimates. A partner that is a member of SAP’s curated startup ecosystem. Check a product video here and find them out on the SAP Store here.

GMetri

By GMETRI INC

Revolutionize employee onboarding with an immersive Metaverse platform

Revolutionize employee onboarding with an immersive, no-code Metaverse platform. Seamlessly integrating with SAP SuccessFactors, the platform accelerates learning and boosts engagement from day one. A partner that is a member of SAP’s curated startup ecosystem. Check out a product video here and find them on the SAP Store here.

AI Bruna

By Altum Lab

Optimize your Agro production with an AI-powered solution

AI-powered solution integrated with SAP BTP to take the data available in the Intelligent Agriculture module and through its three modules, makes predictions of the quality of the raw material. Then, using those results, it suggests how to improve it and use it to satisfy commercial contracts. A partner that is a member of SAP’s curated startup ecosystem. Check out a product video here and find them on the SAP Store here.

In Foundries, Funding Announcement

Venture Activity June 2023

SAP.iO’s ecosystem of successful raises and exits

June 2023

SAP.iO has curated over 525 startups in SAP’s startup ecosystem. We’re proud that many of the startups from our programs continue to raise VC funding and have successful exits. This demonstrates that SAP startup technologies are addressing the rapidly changing requirements of the marketplace and have risen to the occasion of meeting customer needs. Here are the latest raises and exits you should know about!

Funding

Sparetech, a Stuttgart, Germany-based provider of a data platform for industrial spare parts, raised $10M in Series A funding. The company intends to use the funds to scale internationally. Sparetech has served more than 120 global manufacturing companies, such as Bosch, Nestlé, Porsche, Yanfeng, and Airbus Helicopters.

Humanly, a Seattle startup that helps companies automate their recruiting functions, raised $12 million to help fuel growth of its AI-powered software. Customers such as Microsoft, the Seattle Storm, and Moss Adams use Humanly to screen job candidates, schedule interviews, automate initial communication, run reference checks, and more.

SustainCERT, a Livange, Luxembourg-based climate impact verification company, raised $37M in Series B funding. The company intends to use the funds to invest in the acceleration of the commercial, organizational and technology scale up to support the growth of its recently launched value chain decarbonization impact solution for Scope 3 emissions and the soon to be launched digital verification solution for carbon markets.

Sust Global closed a $1.5M seed round on June 2nd from a Venture – Series Unknown round.

Exits

Ecoplant, which develops technology to increase energy efficiency and reduce air pollution in factories, was acquired by American industrial giant Ingersoll Rand. Industry sources estimate that the deal is valued at $40-50 million.

Sensire, a leading provider of medical and food safety software solutions, was acquired by Main Capital Partners.  Main will support Sensire in its continued organic growth journey both in Finland and internationally as well as supporting with a selective buy & build strategy.

Andjaro was acquired by Silae to tackle the issue of replacements. Since last September, Silae has further accelerated by buying 6 companies including a new one this June: Andjaro.

 

In Uncategorized

How GrainChain Is Leveling the Playing Field

GrainChain has been nominated in HackerNoon’s annual Startup of the Year awards in McAllen, Texas, USA.

Meet GrainChain

GrainChain is working to level the playing field for producers and all other participants along the global agricultural supply chain by directly addressing current pain points such as reliability of data, traceability, the speed of payments, and access to financing and insurance.

My Role

I am Tom DeRosa, Director of Marketing for GrainChain. I have the privilege of crafting GrainChain’s story and sharing it with the world, from what we do to how we do it and the impact we are making across the global agricultural supply chain.

I’m excited about our most recent campaign: interviews with the producers, lenders, and other supply chain participants that we work with. There are real people and real world success stories behind our impressive technological innovations.

How We’re Disrupting/Improving the Agricultural Industry

We’re bringing the technological tools that large-scale producers use and making them available to small to medium-sized producers.

GrainChain is working to take an industry that is still relying on paper and labor-intensive practices and move it toward a productive, sustainable future, helping producers, buyers, storage operators, lenders, and other supply chain participants around the world.

Our software ecosystem solves problems for all participants at every stage of the supply chain, providing better visibility, efficiency, and data. We are not merely aggregating data but generating it, and the reliability of this data allows us to open up new opportunities in the marketplace.

Standing Out from The Crowd

We are unique because we are not creating solutions in search of a problem.

We’re not building blockchain and IoT-driven solutions because that technology is popular and draws attention–we are constantly seeking out the best technology and approaches available to solve real-world problems faced along the agricultural supply chain.

More importantly, we are applying these technologies the right way.

Each solution we have built solves a specific problem that producers, buyers, lenders, storage operators, and other supply chain participants are facing in markets around the world.

We believe no one is really tackling supply chain efficiency, traceability, and liquidity in the holistic way we are, connecting all participants through a single point of truth.

Our Predictions/Thoughts on the Agricultural Industry in 2023

Automation and digitization of processes at each stage of the supply chain will continue to ramp up in 2023, meaning more reliable, real-time data can be captured, stored, and made available to all stakeholders.

This data is key to lowering risk and providing producers with more and better financial options from loans to insurance.

AI is going to be transformative in this industry as it is across all industries. AI can help supply chain participants identify anomalous data and solve problems more quickly.

It can enhance predictive analytics and forecasting so that producers can make their operations more efficient and get better prices in a highly volatile marketplace.

As with many industries, there will be a shift away from proprietary hardware and heavy investments in infrastructure toward cloud computing and mobile apps that allow producers, storage operators, and logistics providers to more quickly and easily integrate technology into their operations.

We’re in an age of amazing advancements in technology, but the key is applying the right technologies in the right way to truly impact the agricultural supply chain.

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