Cultivate Technology Inc., San Francisco, $8 million: Trinity Ventures led the Series A funding of this A.I.-driven leadership coaching platform that focuses on the enterprise market. It was joined by Bloomberg Beta, Silicon Valley Data Capital and SAP.iO.
Cultivate, a digital leadership coaching platform that leverages artificial intelligence (AI) to provide in-the-moment feedback and management coaching within the enterprise, today announced an $8 million Series A investment to grow its go-to-market team and product offerings. Trinity Ventures led the Series A round with participation from previous investors Bloomberg Beta, Silicon Valley Data Capital and SAP.iO. Karan Mehandru from Trinity Ventures will be joining the Cultivate board of directors. Cultivate has raised a total of $10 million since the company exited from a Samsung NEXT accelerator program in the summer of 2018.
Innovation is currently a hot topic on the agenda of all corporates. Nearly all of them want to ‘make innovation real’. That is, they desire to harness innovation as the catalyst for achieving real business value, business outcomes, and better experiences for their customers.
Even before the term exploded in the ecosystem and beyond, SAP has always nurtured a culture of innovation by building an infrastructure that provides a foundation for growth and innovation.
To this end, SAP.iO Foundry Singapore was launched to help startups build innovative enterprise software solutions that deliver value to SAP customers. Startups accelerated in the program have integrated their solutions with various SAP products.
The first SAP.iO Foundry Singapore includes the following startups:
1.) Adaface — Enables and automates first-round tech interviews to identify the best engineering talent faster.
2.) Flowcast — Uses patented machine-learning algorithms to harness untapped, complex data to automate credit decision-making. This provides greater visibility to customers to address underserved markets.
3.) LuxTag — Provides an anti-counterfeiting and anti-theft solution that uses blockchain-enabled traceability to deter product counterfeiting and fraud.
4.) Notarum — Provides a modern workflow tool designed to reduce busywork by automating corporate due diligence. Notarum makes performing due diligence analysis and sharing work with teammates easier than ever.
5.) Pulsifi — Predicts workplace outcomes to identify, retain and develop great people. By using artificial intelligence to incorporate multiple data sources across hard skills and soft traits, this HR analytics platform derives employee success profiles to improve HR decisions across the employee lifecycle, from hiring to development.
6.) SizeNFit — Helps online shoppers find apparel that fits. This e-commerce add-on aims to increase sales and reduce returns.
7.) TADA — Offers data-driven customer advocacy and engagement platform that helps brands moving from transactions to relationships and customers to advocates. This enables businesses to attract, engage and retain customers.
One year after its opening, the SAP accelerator unveils the startups selected for its third GreenTech-oriented promotion
After a first startup promotion focused on supply chain, and a second focused on retail solutions, SAP is putting the spotlight on GreenTech for its third promotion. The selected startups all have in common that they offer their customers technologies to reduce their environmental footprint and enter the circular economy in order to have a positive impact on the world.
The objective of this GreenTech-focused promotion is to address a central issue in the economy, as Sébastien Gibier, Director of SAP.iO Foundry Paris, explains: “SAP has chosen to put its technology at the service of its customers to help them have a positive impact on society and the environment. One of the goals of our digital solutions is to optimize the use of their resources in response to the 17 sustainable development objectives set by the UN. We are convinced that, combined with SAP solutions, the technologies of the selected startups will help companies to respond even more effectively to these challenges. And we can positively respond to the 48% of French people who believe that massive investment is needed in more environmentally friendly technologies.
The 8 startups of the new SAP.iO cohort will be supported for 10 weeks, 3 days a week, by mentors and coaches from SAP and the startup ecosystem who will hold workshops on different themes.
Here are the French GreenTech startups selected by SAP.iO Foundry Paris:
- Circunomics: uses big data to recycle and put back on the market the various battery components.
- Uzer: offers digital solutions to reduce waste and improve recycling performance. The startup developed Eugène, a small box equipped with a screen and a scanner that you can set up near your kitchen bin. All you have to do is scan the barcodes of the packages when you throw them away and Eugene displays the right sorting instructions directly on its screen. This avoids confusion and wasted time when recycling.
- Evolution Energie: startup specialized in the management of energy purchases for manufacturers. It offers a software solution called “Flexinergy” that provides customers with additional tools and resources to independently control their operations on their contracts and on the energy markets.
- Hiboo: helps the construction industry to re-invent the way field operations are managed. Hiboo captures and centralizes data from multiple sources, providing strategic insights to optimize processes and unlock new business models.
- Harold Waste: develops software assistants for waste management and circular economy actors. The startup develops artificial intelligence capable of identifying and qualifying flows of plastics, metals and cardboard.
- Trinov: offers a SaaS platform to collect and analyze data to reduce at source and optimize waste management of economic activities.
- Ubleam : designed a new generation bar code, called “bleam”, which facilitates the use and maintenance of objects. This connected 3D tag, once attached to an object, can be scanned on a mobile device and gives access to interactive content, including all the technical documentation for the product concerned.
- iNex Circular: European industrial waste exchange platform to promote the circular economy on the ground. The company ensures that one company’s waste becomes another company’s resource.
14 startups accelerated by SAP.iO Foundry Paris, 10 of which are directly integrated into SAP solutions, in just 1 year
SAP dévoile les start-up retenues pour son incubateur. La troisième promotion met le vert à l’honneur. Retour sur ces huit start-up orientée greentech.
Artificial Intelligence start-up Niki is all set to diversify into seven other Indian languages after having tasted success in the Hindi language app-based internet commerce by creating a virtual agent for online voice-based transactions for consumers who are hassled by the barriers like using the keyboard in English or Indian languages.
Niki has already created a user base of 18 lakh consumers in Hindi language and the start up firm has reached an annual turnover of Rs 300 crore.
IIT Kharagpur alumnus and CEO of Niki Sachin Jaiswal told The Pioneer, “What we are trying to do is to unlock internet commerce for the next billion users in India by developing a virtual agent for them. In India, 95 per cent of the people don’t know how to use an app because most of the apps are in English language. Typing through keyboard in vernacular language is complicated and one should have a basic understanding of computer terminologies to process the instructions through the apps.”
Niki has developed a solution by developing apps in Indian languages that operate through voice-based commands to remove the sore points of the consumers.”
The Niki app will help the users for services like online recharge, bill payments of various utilities like power, phone or gas and also facilitate in booking travel tickets by just issuing commands through voice especially in Tier 2 and Tier 3 cities.
With ongoing financial transformation, increased regulations and growing complexity, there is huge potential in working with early-stage start-ups that help bring financial process innovation to SAP S/4HANA® customers. For this cohort, the SAP.iO Foundry Berlin Program teamed up with the S/4HANA® team to work with startups focused on GRC and FinTech innovations.
AIVIDENS: Predictive cash and risk management
WHAT THEY DO
On average, losses due to unpaid invoices represent 0.3 to 1% of companies’ annual revenue. Collection processes often start too late leading to cash or P&L issues, that is why we designed our Predictive Risk Management solution (PRIM). PRIM is designed to anticipate payment issues and calculate various financial and risk indicators. It can also prioritize cash collection processes and propose specific actions. PRIM can be applied on any debt portfolio.
By using AI and applying a proprietary risk model on customers’ financial and operational data, PRIM first predicts whether an invoice will be paid and when. PRIM then segments the debt portfolio according to payment profiles and risk levels. With this combination, PRIM helps increase cash accuracy and understand the risk breakdown. It also helps identify events requiring immediate actions, concentrate efforts where required and ease the collection strategy decision process.
TEAM: Edouard Beauvois — Co-Founder, Nicolas Mertens — Co-Founder
HANKO: FIDO-based Identity- and Authentication-as-a-Service
WHAT THEY DO
Hanko offers a passwordless multi-factor identity and authentication Cloud service for convenient and secure user authentication, enabling its customers to eliminate fraud, phishing, and credential reuse while offering a cutting-edge UX.
With Hanko, businesses can quickly integrate the most advanced authentication methods into their web portals and applications. The service is developer-friendly, supporting open Web standards and open-source SDKs. They also offer a white-label authenticator app as an option. Hanko is GDPR and PSD2 compliant.
TEAM: Felix Magedanz — Founder & CEO, Felix Dubrownik — Technical Lead, Daniel Faulhaber — Product Manager
IRISTRACE: Transforming the management of Business Risk into Value
WHAT THEY DO
Iristrace enables enterprises to better manage their business risks using control frames for their operations that can easily be changed as processes evolve.
Business experts without IT knowledge can easily design and roll out their own controls across their organisation in a record time, ensuring that the strategy reaches the front-line employees, contractors, suppliers and partners. Controls and follow-up action plans are distributed via mobile application, web or messenger. They can be rule based and scheduled automatically, triggered by events or used in self-service. The benefits include a faster implementation of strategy, better staff and supplier engagement on the company’s objectives, improved compliance, proof of execution, shorter learning cycles, lower costs and a far superior customer experience as a result.
TEAM: André Kingham — Chairman, César Mariel Alberto — CEO
PXL VISION: The secure gateway to digital identity
WHAT THEY DO
PXL Vision provides leading solutions for the automation and enhancement of digital identity verification and customer onboarding through tailored and off-the-shelf software solutions powered by the latest developments in Computer Vision and Machine Learning.
PXL Vision’s identity verification solutions deliver both seamless UX and high security through proprietary methodologies, within a fully automated software platform. Offered as both SaaS and custom hosted or on-premise solutions, PXL’s powerful technology stack is available how and where you need it.
TEAM: Michael Born — Founder & CEO, Karim Nemr — Founder & CBO, Nevena Shamoska — Founder & CTO, Roxana Porada — Founder & CPO
SPHERITY: Bridging the physical, biological and digital spheres
WHAT THEY DO
Spherity is building decentralized identity management solutions to power the 4th industrial revolution, bringing secure identities (“Digital Twins”) to machines, algorithms, and other non- human entities. Digital twins enables transactions with the following features: verifiable digital identities, P2P trust with credential-based verification, verifiable business transactions & payments, verifiable data chains (audit trails) and data provenance.
Spherity is providing the “missing puzzle piece” in solving with blockchain technologies and “Self- Sovereign Identity” design principles the challenge of data integrity in the industrial IoT applications. Their digital twins enable tamper-proof data exchange within customer journeys across mobility, supply chain and other business processes.
TEAM: Carsten Stöcker — Founder & CEO, Michael Rüther — Founder & COO
TROY: Reinvents debt collection, reduces clients’ write-offs AND preserves their customers
WHAT THEY DO
Troy is a full-service debt collection agency that builds THE platform for customer experience in debt collection. Their platform drives troy’s debt collection services which have repeatedly proven to outclass traditional providers. Their solution can be used as white-label and also supports financial BPO of receivables management.
Troy is a digital, data-driven, automated and cloud-only solution which incorporates best practices from marketing and CRM to improve the debt collection experience. And the friendliness works. Customers pay more, faster, and happily — proven by clients’ feedback and customer surveys after payment.
TEAM: Philip Rürup — Founder & MD, Till Völzke — Founder & MD, Gunnar Zarncke — CTO
BigID, a leader in data-centric personal data discovery and privacy, announced a global reseller agreement with SAP. Through this agreement, SAP can sell two BigID powered products under the names SAP Privacy Management application by BigID and SAP Data Mapping and Protection application by BigID. The agreement will enable businesses that use SAP solutions to more readily meet the challenges of data-centric data discovery and privacy by harnessing BigID’s advanced Machine Learning-based discovery and intelligence technology.
BigID is one of the industry’s first data privacy and intelligence platforms that allows customers to rely on actual data discovered across the enterprise and cloud rather than surveys and interviews to ensure privacy compliance.
The Dutch brewing company HEINEKEN concluded its first-ever HR tech-focused competition called HEINEKEN HR Brewhouse last Friday.
The winner of the Recruitment category was SAP, a team consisting of platforms Eightfold.ai, Sonru, and Plum. The final winner for the Wild Card category was Pulsifi, a Singapore-based company that uses data analytics for HR management. Pulsifi’s platform combines organizational psychology and artificial intelligence to help companies hire, retain, and develop talents.
The company noted that the proceeds of this round will be used to fund the acceleration of Flowcast’s go-to-market strategy, global market expansion especially in Singapore and the APAC region, and the continuing product development and improvement. Flowcast shares that it is also participating in the SAP.iO Foundry Singapore program, which aims to accelerate startups via providing them access to curated mentorship, exposure to SAP technology, and application programmable interfaces (APIs) with opportunities to collaborate with SAP customers in the Southeast Asian region.
Business-software maker SAP SE this month plans to start offering a partner company’s artificial-intelligence software to help customers comply with data-privacy regulations, including the sweeping California law that takes effect in January.
The SAP.iO Foundry Berlin kicked off a dedicated financial technology (fintech) program with participants consisting of business-to-business startups focused on finance and governance, risk and compliance (GRC), SAP SE (NYSE: SAP) said today.
With the growing complexity of regulatory laws impacting enterprises, startup solutions and innovations will help optimize enterprise resource planning processes and address customer needs. In a recent report by Deloitte, cost reduction and increased regulatory scrutiny were the main drivers of a significant increase in spending on enterprise risk management. With more than 56 percent of organizations using, or planning to use, cloud-based platforms, enterprises are looking for intelligent, real-time, actionable solutions to meet their improved efficiency goals.
These startups are joining the SAP.iO Foundry Berlin program for Fall 2019:
- Hanko provides Fast Identity Online (FIDO)-based identity and authentication as a service. The startup is founded in Germany.
- troy is a German-based startup that uses machine learning and artificial intelligence to combine successful debt collection with customer relationship management.
- Iristrace is transforming the management of business risk into business value by providing risk strategy validation. The startup is headquartered in the Netherlands.
- PXL Vision is a Swiss startup for creating and managing trusted, verified digital identities.
- Aividens is a Belgian startup that provides predictive cash and risk management to improve cash accuracy, reduce overdue debts and improve operational efficiency and customer satisfaction.
- Spherity, a German startup, combines unique identifiers with verifiable data to offer out-of-the-box cloud wallet capabilities.
At SAP, collaboration is not only an invaluable tool for progress, but a key advantage that continuously benefits our customers, employees, partners, and communities at large. The latest example of our commitment to co-innovation is the SAP.iO Foundry Munich, which has just launched its first accelerator program. As the second SAP.iO Foundry to open in Germany, it seeks to leverage a rich ecosystem devoted to inclusive entrepreneurship, technological expertise, and enablement.
Out of over 150 applicants, seven impressive startups were chosen to take part in our Fall 2019 Commerce and Marketing program. We are excited to introduce the SAP.iO Foundry Munich’s first cohort:
E-Commerce has to be a human experience
8select is a plug-and-play software solution offering a curated shopping engine (CSE) to online retailers enabling them to personalize product recommendations for end consumers. It allows retailers to cross-sell by publishing automatically curated product sets (such as outfits) along the customer journey.
Boosting conversion with AI-enhanced user experience
Dotaki takes conversion rates to the next level for online merchants by using artificial intelligence to personalize digital content and experience according to each individual visitor’s method of making purchasing decisions.
Mobile Body Scanning Software for Fashion E-Commerce
presize.ai provides mobile body scanning software for fashion e-commerce, creating a more enjoyable experience by matching the best-fitting clothes with shoppers’ unique body reality apps for web.
Make customers happy again.
parcellab is a cloud-based service that helps brands provide a personalized and branded customer experience during checkout, shipping and return processes.
IoT solutions for unique customer experiences
rapitag is a leading provider of secure mobile checkout and unique customer experiences in retail. rapitag offers the world’s first patented antitheft IoT security tags for one-click buying, helping retailers to connect and digitalize their physical stores.
Configure your products in 3D and AR
Expivi is an interactive and visual e-commerce platform that generates an immersive shopping experience with instant 3D configurations and artificial reality. Businesses are able to upgrade their online stores by using Expivi on their own existing marketplace.
One system — unlimited possibilities
ViewAR offers a platform-independent system for easy and robust creation of augmented reality apps for web and mobile use.