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Too Good To Go Celebrates 1 Year Fighting Food Waste in the U.S.

Too Good To Go, the tech-for-good company powering the world’s #1 anti-food waste app, today celebrates its first anniversary in the U.S. and the impact it’s had fighting food waste across the country, from New York City, Washington, D.C. and Chicago to Austin, San Francisco and Seattle. Via the Too Good To Go app, available for iOS in the Apple store or Google Play for Android, the company has successfully connected millions of Americans with surplus from local restaurants, bakeries, cafes and grocery stores so delicious food doesn’t go to waste, or further contribute to the climate crisis.

The newest Intergovernmental Panel on Climate Change (IPCC) report, released last month, called attention to a shocking reality of the climate crisis, notably that food waste now contributes to 10% of all global greenhouse gas emissions—up from 8% in years prior. With this in mind, Americans now have an easy way to take action against food waste through the Too Good To Go app. In just one short year in the U.S., over 1.5 million Americans and 5,000 food businesses have downloaded the app, and collectively saved over 800,000 meals – the carbon footprint equivalent to 394 flights around the world.

“The U.S. has really embraced our super simple concept for saving surplus food, to the point where we’ve never seen this amount of impact and growth in a new market this quickly,” said Lucie Basch, Co-founder of Too Good To Go. “We’re so excited to bring our solution to even more U.S. cities in the coming months and we can’t wait to see what next year holds.”

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SAP.iO Foundry Munich Introduces New Mobility Startup Program with MHP Management- und IT-Beratung GmbH

September 10, 2021 — SAP SE (NYSE: SAP) launched a startup program focused on new mobility at SAP.iO Foundry Munich in collaboration with MHP Management- und IT-Beratung GmbH to address customer objectives and challenges in the mobility sector. Ten startups across the globe were selected by a panel of SAP experts, partners, customers, and investment funds to participate. 

Within this program, the B2B software startups will work closely with customers and MHP to unlock joint innovation efforts. The cohort will address multiple strategic areas throughout the equity-free program – from connectivity in transport and fleet management to battery charging and autonomous driving. 

“For sustainable, emission-free mobility, we need the innovative power of startups and the resources and opportunities of large corporates. SAP.iO Foundry Munich combines both in their new mobility program, and we at MHP are pleased to be able to actively support and promote the startups to make a joint contribution to a better future.” said Marcus Wieland, partner and strategic lead for future mobility at MHP. 

SAP.iO’s growing network of top-tier startup programs has paved the way for entrepreneurs to extend SAP’s portfolio with innovative software solutions for SAP customers. Throughout the 12-week program, the startups will gain valuable mentorship from SAP executives, leading industry experts, as well as access to SAP® technology, application programming interfaces (APIs), and opportunities to collaborate with SAP customers.  

The following startups were selected to participate in the new mobility program with SAP.iO Foundry Munich:   

  • 4.screen | 4.screen is building the first marketplace for in-car branded placements to connect businesses with drivers. They help local businesses reach customers within their car navigation screens when searching for points of interest and proactively recommend stops.
  • adiutaByte | adiutaByte offers flexible and scalable optimization algorithms through an easy-to-use and customizable web front-end for automated scheduling processes via software-as-a-service.
  • BlueSpace | BlueSpace.ai is an autonomous vehicle (AV) software company that leverages patented software with 4D sensors, proprietary mathematical formulas, high-quality state estimation, and optimized software implementation to calculate and process the full motion of objects in real time.
  • BOX ID Systems | BOX ID connects logistic transport assets with long-living IoT sensors. BOX ID offers greater precision of physical asset flows while providing insights into analytics and automation for stock levels, transports, pick-ups, and more.
  • ChargeX | ChargeX offers affordable and scalable charging infrastructure. With a simple and clear dashboard, customers can interact with the chargers and report on the charging processes. The all-in-one package makes charging infrastructure simple, scalable and easy to operate.
  • Compredict | Compredict allows fleet operators and vehicle manufacturers to gain deeper insight into how vehicles are being used. The solution provides data for different stakeholders to reduce CO2 emissions over the whole product lifecycle: from right-sized components, efficient vehicle testing, product durability all the way through to optimized maintenance and fleet operation.
  • Eccocar | Eccocar is a platform to launch, operate and scale digital mobility services, designed with rent-a-cars, dealers and fleet managers around the world.
  • gridX | gridX offers a platform for all decentralized energy resources from the PV system to the charging station. This enables customers to operate their charging infrastructure more efficiently, use more self-generated energy and develop their own energy applications.
  • Hovering Solutions | Hovering Solutions develops drones capable of flying autonomously and replacing the need for human intervention within indoor/outdoor environments, beneficial for carrying out 3D mappings of underground, closed, or confined areas.
  • Motion2AI | Motion2AI offers AI platforms for warehouse mobility fleets like forklifts, carts and robots by providing services of safety, monitoring, optimization, and autonomy.

About SAP.iO 
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 300+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/  

Zippin Raises $30M to Drive Adoption of Frictionless Checkout

Checkout-free technology provider Zippin has closed a $30 million Series B funding round with participation from new and existing investors that include OurCrowd, Maven Ventures, Evolv Ventures and SAP. The new round brings Zippin’s total funding to more than $45 million.

This follows Zippin’s significant progress in recent months, including signing numerous new accounts, launching multiple new public checkout-free stores and further solidifying its leading technology within the future of retail, according to the company.

The company currently powers checkout-free stores across four continents in formats such as convenience stores, grocery stores, sports stadiums, hotels and residential buildings. With this funding round, Zippin expects to scale its checkout-free platform and power tens of thousands of stores by 2025.

“Zippin has seen increased demand and rapid adoption of checkout-free technology during the pandemic,” said Krishna Motukuri, Zippin co-founder and CEO. “Shoppers want contactless experiences everywhere they go. As retailers realize that frictionless checkout-free technology is also contactless by design, they see a great opportunity to kill two birds with one stone. With a checkout-free platform like Zippin, retailers can offer shoppers what they are looking for today, and future-proof their business, both at the same time.”

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MHP works together with SAP on cloud-based digital mobility solutions

MHP Management- und IT-Beratung GmbH (MHP) announced that it plans to expand its partnership with SAP. The aim is to accelerate the introduction of new digital mobility solutions based on SAP’s Industry Cloud. As part of the initiative, MHP and SAP are planning to explore co-innovations and joint go-to-market solutions based on SAP’s Industry Cloud for all aspects of mobility in a green field approach.

The intended partnership is intended to support customers in orienting themselves towards the megatrends connected mobility, autonomous driving, shared / serviced mobility and e-mobility – especially since these are still fundamentally changing and developing rapidly. In a first step, both partners want to discuss solutions for Fleet Management, Load Management, Battery Lifecycle Management and Mobility-as-a-Service. Co-innovation customers who can participate in the initiative include OEMs, utilities, and startups. MHP is therefore planning to support the SAP.iO Mobility Cohort in order to identify interesting start-ups in this technology and business area.

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Cashierless checkout company Zippin raises $30M

The cashierless technology shift continues apace with today’s news that Zippin has raised $30 million in a series B round of funding. The San Francisco-based company is one of several players in the space to gain traction for a technology that seeks to not only make supermarket queues obsolete, but also generate big data insights for retailers.

Founded in 2018, Zippin leverages AI, cameras, and smart shelf sensors to enable shoppers to place items in their cart and walk out without waiting. The company opened its first checkout-free store in San Francisco back in 2018, and it has since entered into partnerships with the likes of Aramark, Sberbank, and the Sacramento Kings’ Golden 1 Center to power cashierless stores globally.

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Too Good To Go Partners With Waze to Fight Food Waste

Too Good To Go is an app that connects users to stores and restaurants with unsold surplus food and offers it at a discounted price. This week, the company announced that it has partnered with Waze, a GPS navigation software app, to fight food waste.

The partnership is called Waze for Good initiative, and it will last throughout the month of August. On the Waze app, the map will feature 100 Too Good To Go partner businesses in the metro areas of Washington D.C., Seattle, New York, Philadelphia, and Portland. Some of the featured stores will include Just Salad, Auntie Anne’s La Colombe, Juice Press, PLNT Burger, Café d’Avignon.

Waze users will see dropped pins on the map for Too Good To Go business partners. When selected, these pins will give information about the business and the initiative. The participating partners will offer “surprise bags” of surplus food, costing around $3.99-$5.99 each, that users can pick up. Earlier this month, Too Good To Go partnered with JOKR, a ghost grocery store chain to offer similar $5 surprise bags of surplus products.

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ViewAR secures Strategic Investment for Expansion

ViewAR, a leading global provider of augmented reality (AR) software. The creator of new AR ecosystems, is pleased to announce a strategic investment from Lansdowne Investment Company Cyprus Ltd (“LICC”) and Breeze Invest GmbH (“Breeze Invest”).

The multi-million Euro capital investment from LICC and Breeze Invest will allow ViewAR to increase its head count, accelerate the development of its award-winning technology, and further enhance its ability to address key markets and industry segments globally.

LICC is an investment vehicle managed by Lansdowne Partners Austria GmbH (“LPA”), which is an Austrian Alternative Investment Fund Manager with a strong focus on investing in and fostering European innovation. LPA is part of the Lansdowne Partners group of companies.

Breeze Invest, based in Vienna and Liechtenstein, is a private equity company focusing on investments in medium-sized industrial companies in the DACH region and neighboring CEE countries.

Founded in Vienna in 2010, ViewAR has created the only AR solution of its kind, providing a complete infrastructure to create, manage, test and publish augmented reality applications. The ViewAR System lets developers and inexperienced creators use cutting-edge AR technologies to create immersive AR experiences across a broad range of domains. The ViewAR All-in-One system covers the solutions for indoor navigation and guidance; Industry 4.0 & IoT; remote assistance and product visualization. ViewAR has won several awards for its technology, including the highest award in the field of AR: Auggie Award from Augmented World Expo.

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parcelLab secures $112M to help global brands deliver a seamless experience

The leading Operations Experience Management platform, parcelLab, announced today that it has secured US$112 million in Series C funding led by global venture capital and private equity firm, Insight Partners. Endeit Capital joined as a co-investor as well as existing investors Capnamic Ventures and coparion. The funding will enable the Operations Experience category leader to accelerate its mission of bringing people and brands closer together.

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Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners

Munich-based parcelLab, which offers a final-mile fulfillment service for online retailers, has closed a $112 million (GB£80 million) Series C funding round led by the U.S. VC/PE firm Insight Partners.

Germany’s Endeit Capital participated as a co-investor, alongside existing investors Capnamic Ventures and coparion. ParcelLab last raised an undisclosed Series B in October 2019. The new funding will feed into parcelLab’s global expansion plans and new product development.

Founded in 2015 by Tobias Buxhoidt (CEO), Julian Krenge (CTO) and Anton Eder (COO), the startup has managed to bag such customers as Lidl, to which it provides automated personalized shipping messages. This means that as much as 85% of Lidl customers return to its website.

It also works with Ikea and Farfetch to increase basket sizes and email open rates of — it claims — over 90%, 25% reductions in WISMO (where is my order) and increases of customer reviews.

In a statement, Tobias Buxhoidt, CEO and founder of parcelLab, said: “As e-commerce becomes increasingly competitive, providing unique and branded experiences will drive growth. Identifying opportunities to further connect with people and build a better, stronger relationship is a key differentiator.”

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Sustainable Business Is Better Business for All

Sustainability is the business challenge of our lifetimes.

Customers are increasingly educated and demand products and services that minimize negative environmental impact. Investors are integrating climate risk in their portfolio strategies. Government regulation is on the rise around the world, affecting carbon emissions, waste management, product design, and producer responsibility. Employees are increasingly vocal about their employer’s environmental policies and actions, making it challenging for businesses to recruit top talent without a genuine environmental vision and track record.

Based on Accenture research*, enterprises with high ratings for environmental and social governance (ESG) performance attained operating margins nearly four-times higher than those with low ESG ratings and generated annual total returns to shareholders that were double their peers. According Accenture and United Nations (UN) Global Compact research, 54% of CEOs agree sustainability is critical to the future success of their organizations, and 71% of investors believe the pandemic will accentuate global policies to tackle risks related to climate change.

From Periphery to Core

Enterprises must show accountability through ESG performance and manage end-to-end operations responsibly. By reimagining its business model, any company can operate in an intelligent way, minimize negative environmental impact, and unleash a new dimension of enterprise resource planning (ERP). Decision-makers can use this intelligence to design better products, create engaging experiences, and equip employees to do their best work by eliminating busywork. They can create an efficient, ethical, and adaptable supply chain, reaching beyond organizations and first-tier suppliers to proactively manage performance and risks with trading partners around the world.

Just like any other core business function, sustainability performance must also be managed in real time and integrated into wider business decision making. True, integrated reporting will go hand-in-hand with ESG management, and information transparency will provide a solid foundation to optimize financial results and sustainability performance together.

Most companies have a long way to go before they move beyond the basics of simply reporting ESG performance to actively steering their business operations toward ambitious sustainability goals. While the UN Global Compact’s SDG Ambition program has challenged companies to enhance their commitment to the UN Sustainable Development Goals (SDGs), only 25% have set goals aligned to societal or environmental needs. Although CEOs acknowledge the universal call-to-action to achieve a better and more sustainable future for all, less than 50% have implemented sustainability into their operations.

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SAP.iO Launches Sustainable Future Accelerator Program with Accenture to Drive Startup and Partner Innovation

SAP.iO kicked off a global sustainability-focused accelerator program alongside Accenture at SAP.iO Foundries Berlin and Munich. The Sustainable Future program aims to help early-stage B2B startups get up and running quickly to enable companies across multiple industries to address sustainability challenges and create a positive impact on both industry and society.

Sustainable Future is the largest SAP.iO cohort to date. Thirteen startups have been selected to work with SAP.iO Foundries Berlin and Munich, in tandem with Accenture experts and leading companies in various industries.

“To address global challenges such as climate change, businesses must partner on all levels and across organizations, industries and regions,” said Daniel Schmid, SAP chief sustainability officer. “Teaming up with Accenture to accelerate early-stage startups is part of our holistic innovation approach to integrate new solutions in our portfolio that help our customers understand and improve their environmental and societal impact.”

Sustainable Future is an equity-free program that seeks to propel digital transformation and corporate-startup innovation in four target areas including carbon tracking and trading, resource efficiency, climate risk tracking and mitigation, and circular economy. The program builds upon SAP and Accenture’s long-standing partnership and shared commitment to using technology to help the world build a more sustainable future.

“Our clients are increasingly turning to technology to enable sustainability agendas across their business and deliver on their purpose-based missions to drive value for their stakeholders,” said Caspar Borggreve, global lead for the Accenture SAP Business Group. “Together with SAP, we are helping startups bring innovation to life with solutions and services that allow companies to raise the bar by integrating sustainability into their core processes, strategies and operating models.”

The startups in this cohort will receive curated mentorship, access to SAP technology and application programming interfaces (APIs), and exposure to SAP and Accenture customers to develop high-impact proofs of concept. The accelerator program will run for three months and conclude with a demo day on July 8, 2021.

The Sustainable Future cohort includes the following startups:

  • Astraea provides an integrated platform to access, analyze and deliver earth-observing data and geospatial information using artificial intelligence (AI).
  • Blacksquared GmbH / Changers.com motivates and rewards employees in a playful manner to participate in healthy and environmentally friendly activities.
  • Breeze Technologies measures and analyzes common pollutants like nitrogen oxides, ozone or particulate matter in real time using machine learning and Big Data technologies.
  • Carbon Minds GmbH has built the largest and most regionalized lifecycle database for the chemical industry to help companies reduce their environmental impact with evidence-based guidance.
  • Circular IQ is a digital platform that monitors the circular performance of different suppliers, products, components and materials throughout supply chains to improve their impact on people and the planet.
  • CodeCheck is a mobile application that promotes source transparency and enables consumers to check the ingredients in food and cosmetics by scanning the barcode.
  • Emitwise helps businesses measure, report and reduce their carbon footprint across their operations and supply chains by automating data collection and processing.
  • Footprint Technologies GmbH enables consumers to accurately measure their feet at home and find the right shoe size, thus avoiding returns, costs and COemissions for online retailers.
  • GreenPlat provides traceability from the extraction of raw materials until the final disposal of generated waste using blockchain technology to create transparency across the supply chain.
  • Journey Foods uses machine learning, AI, data scraping and cohort analysis to recommend the most nutritious and more sustainable ingredients for food companies.
  • Lixo is an AI-powered waste detection system to improve the performance of recycling companies, from waste collection to sorting and recycling.
  • Lizee helps retail brands enact their rental business model and successfully enter the circular economy.
  • Too Good To Go connects consumers to restaurants and stores that have unsold, surplus food to fight food waste.

Every Return Saved Is a Win for Consumers, Brands, and the Planet

If the CEO of Presize has his way, clothing returns will be a relic of the past, and online retail brands will not sacrifice business for the sake of the environment.

The startup’s cloud-based app uses artificial intelligence (AI) to calculate clothing sizes for individual online shoppers. Much more than welcome relief for anyone who has ever hesitated to buy clothing online because they were uncertain of their size, the tool reduces size-related product returns by 50% on average.

“Sustainability is core to our mission,” said Leon Szeli, co-founder and CEO. “Every product return we save is a win for the consumer, the brand, and the planet. Every item of clothing that consumers scan using our app means fewer returns. This contributes to a lower carbon footprint for the planet, less time wasted for shoppers, and greater cost-savings for retail brands.”

Sustainability Is the Perfect Fit for Online Shopping

Based in Germany, Presize serves well-known clothing apparel brands in that country and throughout Western Europe. Its online sizing tool has provided half a million recommendations to delighted consumers. Instead of second-guessing ambiguous size charts, shoppers simply click on the “find my size” button, answer basic questions that include their height, weight, and gender, upload a video of themselves if they choose, and then the algorithm provides their best size for that product. Behind the scenes, AI-fueled algorithms learn from dynamic data analyses.

“We constantly train the algorithm using data from hundreds of thousands of human shapes and other variables, plus stock-keeping units (SKUs) from clothing manufacturers, and layer that with product return information,” Szeli said. “Once someone saves their size ID, it can be applied to any brand that uses the Presize app, making shopping much easier. Shoppers can even share their size information with family and friends.”

According to Szeli, online retailers that use the Presize app on their website have increased conversion rates, meaning consumer sales, by up to 25%. As with any AI-based tool, user adoption is critical for calculation accuracy. Szeli said that approximately 10% of shoppers use the tool when it is available on a brand’s site.

“A big part of sizing uncertainty is the diversity between brands, Szeli explained. “Every product is different, and we want to help consumers regardless of what brand of clothing they buy.”

Digital Insights for Sustainable Results

Presize is the culmination of Szeli’s two major career passions: conducting research and having a positive impact on the world. As a university student in the U.S. and the UK, he focused on human trust in AI-based technology. However, he quickly realized that he wanted to accomplish much more than producing papers for niche audiences. When he met his co-founders, who were working with computer vision and AI, they embarked on a journey to literally change the world – beginning with online shopping.

“I wanted to do something entrepreneurial that would have a much wider impact and change people’s lives for the better,” Szeli said. “I saw the problem of product returns as a sustainability issue that wasted environmental resources, as well as time and money for businesses and their customers.”

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With a SAP collaboration and a round A underway, Pico comes out punching from Covid-19 crisis

The Israeli startup is currently working with over 60 sports teams globally from some of the biggest leagues in the world and was selected to take part in SAP’s first-ever fan experience–focused startup accelerator program.

t is no secret that there are many tech companies that benefited from Covid-19. For Haifa-based startup Pico, which has created a technology to turn engaged, anonymous sports and entertainment fans into identifiable customer profiles to support business objectives, the pandemic has not only been good for business but has helped validate what the company has been preaching for years.”Covid-19 accelerated our growth tremendously. In the last two years we were running around with our sales pitch that you have to know who your digital fans are because most of your fans are online and not at your stadium and you don’t have data about them and need to start building this database. Now it isn’t us doing the pitch, it is the teams and the leagues doing it,” Pico CEO Asaf Nevo told CTech. “Everyone in the industry now says we have to understand who these people are. They suddenly realize there is a void, sometimes of tens of millions of fans, that they are spending tens of millions of dollars a year to engage with, but have no idea who they are. In these rough times when we don’t know when people will be back at stadiums, we have to understand who they are, start monetizing them, and begin to look at digital engagement as a new revenue stream.”Pico is currently working with over 60 sports teams globally from some of the biggest leagues in the world, including the NBA’s Los Angeles Clippers, German football Bundesliga clubs Werder Bremen and Borussia Dortmund and several NHL teams.

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“Presize.ai” secures the mega-deal

With their start-up “Presize.ai” Tomislav Tomov (28) and Leon Szeli (26) want to change online clothing shipping. Because clothes that are ordered online cannot be tried on beforehand, there are tons of returns. Using artificial intelligence, the founders from Munich want to enable customers to order in a size-appropriate manner. The aim is to reduce returns. The team was able to convince investor Carsten Maschmeyer in the show . He negotiated a deal worth 650,000 euros for 15 percent of the company’s shares: It was the second-highest single deal that the show has ever existed.

With “Presize.ai”, the Munich founders have developed an app that helps users find the right dress size. The smartphone camera measures the entire body with just one turn of the body and creates a 3D model. The user then receives an individual code. This means that the user in the retailer’s online shops is suggested the items of clothing that really fit him.

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SAP.iO Co-Leads Innovation with Munich’s SAP Garden

SAP announced its first-ever fan experience–focused startup accelerator program. From the latest SAP.iO Foundry location in Munich, eight startups have been chosen to participate in the upcoming fall cohort held in collaboration with SAP Garden, a multipurpose sports arena being built by Red Bull in Munich’s Olympiapark.

The collaboration aims to identify innovative technologies for use in in the stadium. SAP Garden will be the new home for local top teams EHC Red Bull München and FC Bayern München Basketball as well as for public ice sports.

Red Bull and FC Bayern München have been longtime SAP customers. With a passion for innovation, creativity and success, the three stakeholders are coming together to pool their expertise to set new standards for the fan experience.

“Together with our long-standing partners and customers Red Bull and FC Bayern, we want to create unforgettable fan experiences in the SAP Garden,” said Thomas Saueressig, member of the Executive Board of SAP SE and responsible for SAP Product Engineering. “The SAP Garden will show innovative solutions and technologies from SAP and startups that put fans front and center. We are looking forward to working together with the cohort to build tailor-made solutions that elevate the fan experience in the SAP Garden.”

SAP.iO Foundry Munich is part of SAP’s strategic business unit designed to accelerate innovation and drive new business models for SAP. The SAP.iO Foundries program is a global network of equity-free accelerator programs located in strategic hubs. It provides startups with access to mentorship, exposure to SAP technologies, and opportunities to meet and collaborate with SAP customers.

The selected startups will work closely with mentors at SAP, Red Bull and FC Bayern to develop proofs-of- concept, access SAP technology and application programmable interfaces (APIs), and identify opportunities to collaborate with SAP executives and customers. The accelerator program will run for three months and conclude with a demo day in early December.

The cohort consists of the following startups:

  • Ariadne Maps provides a crowd analytics platform enabling retailers to infer meaningful insights from traffic data and trends to optimize advertising and marketing, maximize sales and offer the best service to visitors.
  • MultiBall merges sports and gaming, using fully immersive interactive solutions that combine fitness, entertainment and education while providing marketing opportunities for businesses.
  • io is reinventing the sports fan experience using augmented reality, allowing spectators to visualize and interact with live data, which is directly overlaid on top of the pitch and even on top of the players — in stadium or at home.
  • INS Insider Navigation Systems delivers a hardware-independent augmented reality indoor navigation system enabling precise 3D positioning, intuitive navigation and location-based AR content.
  • Pico turns engaged, anonymous online fans into identifiable customer profiles through personalized, one-to-one messaging, driving conversion from existing digital channels and increased revenue from enhanced sponsorships, tickets and merchandise sales.
  • TAWNY offers an emotion analytics software-as-a-service solution to capture and analyze human affective states driving consumer decisions and behavior.
  • Wagawin drives user engagement with interactive advertisements, allowing businesses to gain unique audience insights leading to more customized advertising options.
  • Zippin enables retailers to quickly deploy frictionless shopping in their stores, by employing artificial intelligence, machine learning and sensor fusion technology to create the best consumer experience. In December 2019, Zippin raised a $12 million Series A funding round, in which the SAP.iO program was a contributing investor.