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In Foundries, Funding Announcement

SAP.iO Foundries 2023 Portfolio Acquisitions Roundup

Congratulations to the 17 startups in our portfolio that have successfully exited via acquisition in 2023! These acquisitions not only represent positive outcomes for the startups, but also a validation of their innovative ideas and solutions. We are proud to have been a part of their journey and look forward to their continued success in their next chapters.

 

  • Rephrase was acquired by Adobe on 11/22/2023
  • Tango Eye was acquired by Lenskart on 10/30/2023
  • Manta was acquired by IBM on 10/24/2023
  • eLamp was acquired by 360Learning on 10/9/2023
  • Bewgle was acquired by Acceldata on 9/19/2023
  • Akorda was acquired by LegalSifter on 9/18/2023
  • Magazino was acquired by Jungheinrich on 8/23/2023
  • Dotaki was acquired by AB Tasty on 7/11/2023
  • Ecoplant was acquired by Ingersoll Rand on 6/14/2023
  • Sensire was acquired by Main Capital Partners on 6/7/2023
  • Andjaro was acquired by Silae on 6/6/2023
  • Myagi was acquired by Rallyware on 5/2/2023
  • Qualified was acquired by Andela on 3/9/2023
  • Lemonbeat was acquired by E.ON One on 3/8/2023
  • ESG Enterprise was acquired by apexanalytix on 3/7/2023
  • Springday was acquired by Advanced Personnel Management on 2/7/2023
  • OilX was acquired by Energy Aspects on 2/1/2023
In Funding Announcement, Foundries, Global

Venture Activity Fall 2023

SAP.iO’s ecosystem of successful raises and exits

Fall 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

Sensyn Robotics closed a ¥2.25B Series C round on October 27, 2023. The company has raised approximately 3.6 billion yen so far, and with this latest financing, the total amount raised will be approximately 5.85 billion yen.

Inkelink closed a ¥100M Series B round on November 14, 2023.  This round of financing was led by Bank of Communications Overseas Chinese Digital Economy Fund, and Huafeng Emerging Industry Fund, Shenqi Capital, and Chongqing Mingyue Lake Fund also participated in the investment, with Huafeng Capital serving as the long-term exclusive financial advisor to help Inkelink steadily move forward in the field of new energy digital intelligent manufacturing.

Exits

Rephrase.ai was acquired by Adobe on November 22nd. In September 2022, Rephrase.ai raised $10.6m in its Series A funding round led by Red Ventures and joined by Silver Lake, 8VC and others.

In Foundries, Article, Technologies

Helping Customers Innovate with More Than 125 AI-Powered Startup Partner Solutions

We are proud to share that SAP.iO has surpassed the 125-mark for AI-powered startup partner solutions in our partner ecosystem. These solutions are fully integrated with SAP and available via SAP Store for immediate adoption by SAP customers. The encompassing solutions range across lines of business and industries, including finance, HR, supply chain, and customer experience.

> Read Story
In Foundries

Max Kahn: Powering the Growth of Enterprise Software Startups

Check out this galactic exclusive from Spiffy with Max Kahn, the head of startup ecosystem development at SAP.iO. Let’s learn what’s happening at SAP.iO and how Max is making a positive impact in the world.

Spiffy: Thanks for joining me, Max! Tell me, what challenge are you addressing through SAP.iO?

Max Kahn: Thanks for having me, Spiffy! Some of the biggest challenges facing companies looking to adopt emerging technologies is integration, security, and access. We launched SAP.iO to make it as easy as possible for SAP’s customer base to adopt new solutions in record time. To do this, our global team helps enterprise software startups partner with SAP and integrate their solutions to enable their growth. In addition, SAP recognized that driving inclusive entrepreneurship in the enterprise software and VC industries could accelerate innovation, reduce bias, and drive better outcomes. That’s why we committed to ensuring 45% of our portfolio companies are founded or led by women and underrepresented entrepreneurs.

Spiffy: How cool! What motivates you to do it?

Max Kahn: Helping customers solve big challenges while enabling entrepreneurs to become wildly successful is extremely fulfilling. I love the ability to see the direct impact of my work and the ability to learn new things every day.

Read More…

In Technologies, Foundries, New York, CRM & Customer Experience

Online Shopping Is Arduous: AI Makes It Easy

While AI isn’t an automatic slam dunk panacea for every business problem, one thing it’s incredibly gifted at is sifting through tons of information to help people quickly find the product of their dreams.

Anyone who’s searched for a product, be it an e-bike, laptop, or washing machine, is all too familiar with choice paralysis from information overload. Imagine instead, landing on a website and conversing with the smartest salesperson in the world available 24/7, who asks the right questions to give you the right product as fast as possible. Meet Zoovu, an AI-powered platform that helps B2C and B2B companies match customers with the exact product they’re looking for.

“Our cloud-based AI product discovery platform helps customers connect to their customers by surfacing the right product,” said Lamees Butt, senior vice president of global alliances and channels at Zoovu. “We remove choice paralysis by simulating the kind of in-store shopping experience that you would get with the most knowledgeable salesperson.”

Butt said that global brands, retailers, and manufacturers realize on average a 200% conversion uplift in customer purchases, and an increase in average cart value by 47%. One power tool company increased customer engagements by an estimated 65% in over 35 global markets.

Read More…

In Energy & Natural Resources, Sustainability, Announcements, Foundries, Munich, Featured

SAP.iO Foundry Munich Launches Sustainability and Energy Management Program to Drive Startup Innovation

September 27, 2023 — SAP SE (NYSE: SAP) today launched a virtual startup program focused on sustainability and energy management at SAP.iO Foundry Munich. A jury of experts from SAP, alongside SAP partners and customers evaluated numerous applicants and selected 12 startups to join the program.

The energy and natural resources industries have undergone a significant transformation in recent years, moving from centralized fossil fuel-based operations to a more decentralized and diverse landscape powered by renewables. This shift has been driven by environmental concerns and technological innovations that promise to make extraction and processing more efficient, cost-effective, and sustainable. The movement requires companies to develop intelligent solutions for energy generation and storage, water management, and circular production processes, while striving for energy efficiency in their own operations.

During the five-month, equity-free program, SAP will work with the selected startups to integrate and jointly offer solutions for this new more sustainable reality. The startups will receive curated mentorship, access to SAP® technology and application programming interfaces (APIs), and exposure to SAP customers with the opportunity to develop high-impact proofs of concept.

The following startups are participating in the program at SAP.iO Foundry Munich:

  1. CibusCell provides a Software-as-a-Service (SaaS) platform to companies in the hydrogen value chain for analyzing potentials, digitizing processes, and optimizing production and collaboration.
  2. enercast provides accurate power generation forecasts that enable customers to efficiently operate their assets, ensure grid stability and increase their trading margins.
  3. envelio offers an intelligent grid platform that transforms power grids into digital, flexible and interactive smart grids.
  4. evergen provides an advanced energy management software platform that uses machine learning algorithms to optimize and digitize the use of renewable energy assets across the entire energy chain.
  5. EZZING offers digital solutions that optimize the entire value chain of the photovoltaic sector and solar energy in the field of distributed generation.
  6. greenventory builds a digital twin of a city or supply area and analyses its energy potential and uncovers future opportunities.
  7. HData helps companies access and analyze energy regulatory information instantly, reducing the burden of regulatory work while enhancing the business value of energy data analysis.
  8. Kerith supports companies to achieve maximal savings, secure their energy supply for the long term, and find the right strategy to realize their sustainability goals.
  9. Recyda analyses the recyclability of a company’s entire packaging portfolio according to leading industry standards and automates the calculation of EPR fees and plastic taxes for international markets.
  10. S1Seven provides a digital material passport that connects auditable quality and sustainability data.
  11. Sympheny provides evolved energy planning through optimized energy supply solutions for buildings and districts.
  12. Tronity helps companies gain full control over their EV data, benefitting from full transparency of their charging costs and take advantage of smart document management

For more information, visit https://sap.io/muc-f23/.

About SAP.iO
SAP.iO curates a relevant and diverse startup ecosystem that extends the value of SAP solutions and meets the continuously evolving needs of our customers. Our programs provide dedicated support to the most promising startups as they launch and scale relationships with SAP and our global network of customers, partners, and employees. Since 2017, we have connected thousands of SAP customers with innovative enterprise software startups, helping them find solutions to their unique needs. For more information, visit http://sap.io/.

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 Success Stories, Foundries, CRM & Customer Experience

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.

Read More…

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 Foundries, Portfolio News

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 Funding Announcement, Foundries

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 Consumer Industries, CRM & Customer Experience, Success Stories, Foundries

5 companies leveraging startup innovation to improve their customer experience

To provide exceptional customer experiences, companies are turning to startup innovation. By partnering with startups, established organizations can tap into novel technologies, fresh perspectives, and agile methodologies to revolutionize how they engage and delight their customers.

SAP.iO simplifies the collaboration between SAP customers and cutting-edge enterprise software startups by facilitating seamless integration with SAP solutions. Our portfolio of 150+ enterprise-ready startup solutions integrated with SAP Customer Experience enables customers to drive innovation.

This roundup showcases five companies that have embraced startup solutions to elevate their customer experience.

 

Adverity & Ikea: How IKEA uses data to identify the best paths to success 

IKEA worked with Adverity’s data analytics platform to consolidate and analyze vast amounts of marketing data from various sources. By leveraging Adverity’s solution, IKEA gained valuable insights and improved the efficiency of their marketing campaigns, ultimately leading to better decision-making and enhanced marketing performance. 

Adverity works with SAP Industry Cloud, SAP Integration Suite, and SAP Marketing Cloud and is available on the SAP Store. 

Jebbit & NHL: How the NHL Scores Authentic Fan Engagement 

The NHL worked with Jebbit to improve its user acquisition and engagement strategies. The NHL used interactive experiences and personalized content powered by Jebbit’s platform to drive user engagement, increase fan loyalty, and ultimately grow their user base. 

Jebbit works with SAP Emarsys Customer Engagement and SAP Customer Data Platform and is available on the SAP Store.  

LISNR & Jaguar Land Rover: Jaguar Land Rover Drives Connectivity with LISNR  

Jaguar Land Rover worked with LISNR to overcome connectivity challenges in linking passengers with their mobile devices and vehicles. By leveraging LISNR’s secure ultrasonic data transmission technology, they improved connectivity, enabled authentication, and delivered personalized in-car experiences, surpassing their implementation goals. 

LISNR works with SAP Customer Data Cloud and SAP Commerce Cloud and is available on the SAP Store.

Mercaux & Holland & Barrett: Launching a Digital Transformation Project  

Holland & Barrett collaborated with Mercaux to launch a new pilot digital transformation project. Using Mercaux’s digital retail solutions, Holland & Barrett aimed to enhance the in-store customer experience, improve product visibility, and drive sales through personalized recommendations and interactive features.  

Mercaux works with SAP Industry Cloud and SAP Commerce and is available on the SAP Store.   

Yellow.ai & Sephora: Embracing Digital Experiences Powered by Conversational AI

Sephora wanted to adopt an omnichannel approach to providing a best-in-class retail experience across both offline and online channels to their customers at any hour of the day. They worked with Yellow.ai to introduce a virtual assistant that provides personalized beauty consultations and can help customers with checking product availability, reserving products, managing in-store pickup, and facilitating product returns.

Yellow.ai works with SAP Commerce Cloud, SAP CRM Sales, and SAP CRM Service Manager and is available on the SAP Store.

 

All trademarks are the property of their respective owners.

In Foundries, Announcements

New Startup Solutions Available on SAP Store : May 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.

 

SignCatch Beyond Dark Stores

bySky Innovation Tech Labs Pvt Ltd.

Why disrupt when you can collaborate with supply chain?

With the aid of a distributed network of retail stores, the solution enables Brands to link with SAP Commerce Cloud and process online orders. Helps D2C brands access a wider audience and fill online orders cheaply and locally, allowing them to engage with customers more effectively. A partner that is a member of SAP’s curated startup ecosystem. This solution was incubated and/or funded by SAP.iO and works with SAP Commerce Cloud. Check a product video here, and find them out on the SAP Store here.

 

ThroughPut.ai Supply Chain SKU Rationalization

By ThroughPut, Inc.

Accelerate Material Flow and Free Cash Flow

Leveraging and enriching existing transactional data from SAP S/4HANA and earlier editions, obtain holistic visibility into the state of end-to-end supply chain operations in an easy to digest format with prioritized recommendations impacting free cash flow and creating supply chain leverage. A partner that is a member of SAP’s curated startup ecosystem. This solution was incubated and/or funded by SAP.iO and works with SAP Data Warehouse Cloud. Check a product video here, and find them out on the SAP Store here.

 

iCoupon

by Shanghai Freemud Network Technology

A low cost, highly efficient coupon platform

The integration with SAP Customer Data Platform closes the loop for the precision marketing process, starting from the precision segmentation of customers provided by your SAP system through SAP BTP, our solution handles the precision distribution and tracking. This solution was incubated and/or funded by SAP.iO and works with SAP Extension Suite and/or SAP Integration Suite, SAP Customer Data Cloud. Check a product video here, and find them out on the SAP Store here.

 

Land Displacement Monitoring

By Synspective Inc.

Analysis of ground risks through millimeter-scale surface change monitoring

InSAR analysis technology and satellite monitoring enable continuous monitoring of large areas at a lower cost than actual surveying. By linking with the SAP Business Intelligence Network, wide-area, weather-independent information can be used for facilities management. This solution was incubated and/or funded by SAP.iO and works with SAP Asset Intelligence Network. Check a product video here, and find them out on the SAP Store here.

 

LIVEBUY

By LIVEBUY GmbH

Boost sales with shoppable videos & live streams. Directly in your online shop.

Unlock the power of shoppable video with LIVEBUY, a game-changing SaaS for leading, forward-thinking retailers that lets you effortlessly infuse interactive video content into your online shop. Ignite your sales and by delivering an immersive, fun shopping experience for your customers. This solution was incubated and/or funded by SAP.iO and works with SAP Commerce and SAP Commerce Cloud. Check them out on the SAP Store here.

 

Digital Product Passports for E-commerce

By Arianee

Unlock the power of digital product passports for E-commerce

Arianee makes it easy for you to generate a Digital Product Passport on the fly for every order. Powered by web3 technology, your passports come with native interoperability & enriched CRM features. Get ready for EU Ecodesign regulations & pave the way for a circular business model. This solution was incubated and/or funded by SAP.iO and works with SAP Commerce Cloud. Check a product video here, and find them out on the SAP Store here.

 

Replika Software

By Replika Software Inc.

Brand-Centric Remote & Selling Platform

Replika Software is designed to help brands achieve greater e-commerce success by leveraging the power of their network of sellers/influencers to inspire online sales and providing a curated shopping experience for customers. This solution was incubated and/or funded by SAP.iO and works with SAP Commerce and SAP Commerce Cloud. Check a product video here, and find them out on the SAP Store here.

 

Discover Dollar Resolve

By Discover Dollar Technologies Pvt Ltd

Uncover hidden profits in the procure-to-pay process using AI

Help enterprises identify and recover overpayments by analyzing price and discounts negotiated over e-mails and contracts using AI. Fortune 500 companies have recovered more than $504M using our solution, which is integrated with SAP S4/HANA and SAP BTP. This solution was incubated and/or funded by SAP.iO and works with SAP S/4HANA, SAP S/4HANA Cloud, and SAP ERP. Check a product video here, and find them out on the SAP Store here.

 

Sense Messaging Platform

By Sense Talent Labs, Inc.

AI-powered mass texting solution designed for the enterprise

Message natively inside SAP SuccessFactors. Texting accelerates hiring, enhances branding, and exceeds recruiting targets while delivering an automated, yet personalized candidate experience. This solution was incubated and/or funded by SAP.iO and works with SAP SuccessFactors Employee Central and SAP SuccessFactors Recruiting. Check a product video here, and find them out on the SAP Store here.

 

In Foundries, Article

How Startups Can Maximize Their Partnership With Corporates

The partnership between a startup and a corporation is all about balance. Startups harness their agility to identify new market opportunities but often struggle to scale. On the other hand, corporations have successfully scaled but can miss new market opportunities. This is not to say that either can’t do the other successfully – they can and have – but there’s a benefit to partnering up.

There’s a reason 94 percent of tech executives think innovation partnerships are an essential component of their strategy. Partnerships offer access to new markets and customers. They can lower development costs, provide valuable insights into experimental technologies and the talent required to build them, and, importantly, accelerate innovation. The problem is that these partnerships are anything but a sure thing.

Let’s dive into what corporates look for in a partner and how startups can increase the chances of a successful collaboration.

Corporates offer more than funding

While many corporates ask for equity in startups, entering the partnership with a no-equity stake goes a long way in establishing clear parameters and trust for both parties. Although seemingly counterintuitive, financing is not among the top three reasons startups engage in corporate partnerships.

Startups are primarily interested in access to the corporate’s customers and market. In exchange, startups help solve a broader range of customer problems and expand a corporation’s product offerings. More partners also mean a more extensive ecosystem and the chance to offer customers a curated selection of startup solutions.

Understand what makes you unique

Startups should acknowledge that there is often a chasm in work cultures and styles. Corporates plan, budget, and approach risk differently. They also have different types of customers.

Mark Osborn, GVP Business Development & Strategy, SAP Consumer Industries, advises startups approaching corporate customers should find others with a similar mindset. “It helps when you can identify the innovators in those organizations – people who are willing to take some risk on new products in exchange for innovation,” says Osborn. “Startups need to understand that the value they bring to a corporate customer is the opportunity to innovate and get ahead of the competition, even if it means taking a risk.”

Not all partnerships work out

The stakes will always be higher for startups than for corporations. Most startups don’t succeed, and more than two-thirds of them never deliver a positive return to investors. So having access to a corporate partner’s market and customers while sending a positive signal to investors can help. Despite the benefits, not all partnerships work out. For example, an integration won’t strengthen anyone’s value proposition if the startup’s ideal customer doesn’t use the corporation’s products.

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