SAP.IO, the early-stage venture arm of multinational enterprise software company SAP SE, has appointed Lior Weizman as director of its Tel Aviv-based accelerator program, SAP.IO Foundry, Weizman announced in a LinkedIn post Tuesday. In September, SAP.IO announced the seven startups selected for its first cohort.
BeeInstant has announced that it has been acquired by Instana Inc, the world’s leading provider of Automatic Application Performance Monitoring, headquartered in Chicago, U.S and Solingen, Germany. The two companies agreed to join forces to provide leading-edge solutions for serving the critical needs of application delivery teams, across several all stakeholders, from development to IT Ops, DevOps, SRE and executive management.
Oto, a startup spun off from research at SRI International to help customer service operations understand voice intonation, announced a $5.3 million seed round today. Participants in the round included Firstminute Capital, Fusion Fund, Interlace Ventures, SAP.iO and SRI International . The total includes a previous $1 million seed round, according to the company
SAP, the market leader in business software, has founded the SAP.iO Foundry to support young companies, in order to promote innovation both inside and outside the SAP world.
The participating teams of the global accelerator program receive cross-industry training and mentoring sessions for 12-14 weeks from internal and external experts, support for integration with SAP applications and access to SAP customers. The programmes end with a Demo Day, during which the startups present their solutions to SAP customers, partners and investors.
For the past few months, the German team from London & Partners has supported the SAP.iO Foundry program as a mentor in two German cities – Berlin and Munich. As the Mayor of London’s official promotional agency, London & Partners offers founders advice on internationalization and go-to-market strategies, set-up in London and access to the local eco-system. The mentoring sessions are the ideal first step to make it easier for young start-ups who want to expand into London to enter the local market.
Zippin, a startup creating cashierless checkout experiences for retailers, announced today that it has raised a $12 million Series A round of funding led by Evolv Ventures, the venture fund backed by Kraft Heinz. Other investors include SAP.iO, Scrum Ventures, Arca Continental, and Nomura Research Institute and NTT DOCOMO Ventures from Japan.
Zippin is one of many companies looking to retrofit retailers such as supermarkets with technology to facilitate grab-and-go shopping with no checkout lines. Unlike most of its competition, Zippin doesn’t just rely on cameras and AI to keep track of what people pick up (and put back) while shopping. It also employs shelf-sensors for what it says is a more accurate analysis of what people take and keep as they walk out the door.
As part of today’s announcement, Zippin also said that it is making its technology more portable and accessible to retailers with the introduction of the Zippin Cube. The Zippin Cube is a modular, pre-fabricated cashierless store-in-a-box roughly 300 – 500 sq. ft. that can be assembled in under three weeks upon ordering.
The Corporate Startup Stars is a set of awards, now in its fourth year, which Nesta runs as part of the Startup Europe Partnership project, in partnership with Mind the Bridge.
For the fourth year running, startups across Europe have nominated the most active corporates in terms of open innovation as part of the Corporate Startup Stars Awards. Enel has secured the top position, followed by SAP and Telefónica according to the new ranking unveiled today during the SEP Scaleup Summit organized by Mind the Bridge at the Bolsa de Madrid.
Alexa Gorman sucht für SAP die besten Software-Start-ups – und achtet dabei besonders auf diverse Teams.
Alexa Gorman weiß, was ein gutes Start-up ausmacht, trotzdem wollte sie selbst nie gründen. Das liegt daran, dass sie seit 20 Jahren einen Job bei SAP hat, der ihr “super viel Spaß macht”. Und davor war die Start-up-Welt noch eine andere. “Damals gab es keine Gründerkultur, keine Acceleratoren, kein Ökosystem”, sagt die 46-Jährige. Heute gibt es sie, die Inkubatoren und Acceleratoren – zu Deutsch: Beschleuniger, die Jungunternehmern helfen, zu starten und zu wachsen. Einer davon ist SAP.iO. Gorman ist Leiterin der Foundries, der lokalen Ableger, in Europa und Israel. 141 Start-ups haben die weltweit acht Foundries seit der Gründung 2017 gefördert. Die durchlaufen ein dreimonatiges Programm und dürfen am Ende ihre Software über eine SAP-Plattform anbieten. So bekommen die Start-ups Zugang zu SAP-Kunden und das Software-Unternehmen ein breiteres Angebot und eine Provision.
As with so much of what we do today in finance, technology can help you. Well-intended education initiatives simply aren’t enough. At SAP, we’re increasingly using machine learning and artificial intelligence embedded in human experience management software to alert us if job descriptions or management behaviors exhibit inherent bias. Cultivate is an AI software created in our SAP.iO startup accelerator that alerts managers when they’re giving disproportionate time and attention to some employees over others.
What if you could identify and quantify waste even before it was created? Would this be revolutionary? One person’s waste is another person’s treasure, so the biowaste created by an industrial farm could be the biofuel that a production company needs. And being able to predict how much biowaste is available at the farm at any given time means you can begin creating a secure supply chain.
That is the ethos behind the circular economy. It’s also the idea behind iNex, one of eight startups recently invited to the SAP.iO Foundry Paris program’s greentech and sustainable enterprise cohort.
The companies SAP.iO and Daivergent are collaborating on a process that matches job candidates who have been identified as being on the autism spectrum. This is through the Daivergent for Autism Recruiting solution.
The partnership enables companies using SAP Fieldglass solutions to hire and manage neurodiverse talent who have been sourced and trained by Daivergent. Key to this mission is software development. SAP.iO helps innovators inside and outside of SAP build products, find customers, and change industries. To discover more, Digital Journal spoke with Vanessa Liu.
Personal healthcare experiences often spark pioneering cures, and Hindsait CEO Pinaki Dasgupta is no exception. After two immediate family members weathered serious health issues, Dasgupta brought his digital expertise in manufacturing to the healthcare industry.
His cloud-based startup is designed to help insurance companies and healthcare organizations reduce costs while boosting patient health by replacing manual reporting, preauthorization, and audits with automation based on artificial intelligence (AI).
Healthcare spending in the U.S. alone has totaled almost 18 percent of the country’s gross domestic product (GDP), an astounding amount. While the causes are complex, Dasgupta points to unnecessary procedures, inefficiencies, errors, abuse, and fraud as among the top culprits. AI was just emerging when he founded Hindsait in 2013 amid a swirl of market-wide healthcare reform model
Personal healthcare experiences often spark pioneering cures, and Pinaki Dasgupta, CEO of Hindsait, is no exception. After two immediate family members weathered serious health issues, Dasgupta brought his digital expertise in manufacturing to the healthcare industry. His cloud-based startup is designed to help insurance companies and healthcare organizations reduce costs while boosting patient health by replacing manual reporting, preauthorization, and audits with AI-based automation.
“This has been my mission for the last 20 years,” says Dr. Rajiv Shah of MyMeds, the company he founded in 2012. MyMeds is a medication management tool that helps consumers get a complete picture of the medication they have been prescribed and encourages adherence through a comprehensive “Digital + Human” approach.
Accessible as an app on the phone or a web-based tool on the desktop, consumers using MyMeds are able to auto-import their prescriptions, identify better prices for their medications, set up reminders and chat with expert pharmacists. MyMeds is also the only medication adherence platform to have connectivity with Pharmacy Benefit Managers (PBMs), enabling real-time data exchange between insurers, clinical teams and patients, providing new engagement insights that health systems never had access to before.
Asia’s startup ecosystem had been on the ascendance over the past few years. According to a study backed by Vertex Venture Holdings and Preqin, Asia could overtake North America as the epi-center for venture capital funding next year. Asia VC funds had USD 323 billion worth of assets under management (AUM) at the end of last year vs North American VC funds which had USD 397 billion. With more unicorns in China than the US, it is not surprising that the bulk of the Asian funds are focused on China. However, Southeast Asia already have USD 28 billion AUM and attracting Chinese and Japanese investors to the region.