Press Release Archives • SAP.iO

Corinna Schmidt In Press Release, CRM & Customer Experience, Foundries, New York

SAP.iO Foundry New York Kicks Off Omnichannel CX Engagement Program

May 5, 2022 — SAP SE (NYSE: SAP) launched a Omnichannel Customer Experience (CX) Engagement focused program at SAP.iO Foundry New York. The six startups have been selected by a jury of SAP experts, partners, customers, and investment funds to join the program.

The startups in the program are helping enhance and personalize the customer journey and experience. Customer Experience (CX) is SAP’s largest addressable market with a strong demand for more CX partner solutions that SAP customers can leverage.

Over the next 16 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry New York Spring 2022 program:

Big thinx is an Artificial Intelligence company focused on fashion retail, wellness and the metaverse, with products in mobile body scanning, digital twins, virtual try-ons, and supply chain augmentation.
Mad Street Den is a computer vision and artificial intelligence company building the A.I. architecture of the future.
Obsess is a metaverse shopping platform, that enables retailers to serve immersive 3D virtual stores on their websites, and on metaverse platforms.
SoPost helps brands run the most powerful product sampling campaigns online, with a focus on relevance, data and analytics.
Yellow.ai is a next-gen Total Experience Automation Platform enabling enterprises through its Dynamic AI agents to deliver human-like interactions that boost customer satisfaction and increase employee engagement at scale.
Zoovu is a product discovery platform for enterprise businesses that supercharges your digital ecommerce strategy across all channels.

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 400+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit http://sap.io/.

Corinna Schmidt In Foundries, Berlin, Press Release, Technologies, Announcements

SAP.iO Foundry Berlin Kicks-Off Data & Analytics Spring Program with 5 Innovative Startups

March 18, 2022 — SAP SE (NYSE: SAP) launched a data and analytics-focused virtual startup program at SAP.iO Foundry Berlin. The five selected international startups were chosen by a jury of SAP experts, partners, customers, and investment funds to join the program.

The SAP.iO Foundry Berlin Data & Analytics Spring Program dedicates itself to helping the growing need of SAP customers to get the best insights from their data. The selected startups have keen insight and expertise in data harmonization, business analytics, machine learning, and data-as-a-service – all skills that can help achieve that goal.

“Analytics is essential but not sufficient to drive business outcomes. Yes, you can get more insights with Analytics, but the more crucial question is what you do with that information. Unless you embed these insights into your business processes and turn them into clear actions, they are just another report. For our customers, new innovative solutions are in high demand while tech talent is in short supply. These two challenges create big opportunities for startups that can take on more innovation risk as well as attract young development talent, much faster than large corporations can” said Ivo Bauermann, Senior Vice President Business Development.

Over the next 12 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

“Making sense of data to achieve business outcomes is getting harder and harder due to the lack of data integration. Startups can help with integrating the novel use cases for their developed applications with the traditional business processes of the costumer” said Anil Goel, Head of Technology Office.

The following startups are participating in the SAP.iO Foundry data & analytics program:

DABBEL offers its customers an autonomous control system for commercial buildings which is based on predictive Artificial Intelligence (AI).
Everyangle provides productized computer vision applications to analyze CCTV video in real time to provide high value business outcomes to protect staff, reduce fraud, reduce operational cost, and increase revenues.
InOrbit is the leader in RobOps at scale. They help robotics companies and enterprises across industries get the most out of autonomous robots.
MindBridge screens every transaction to highlight and quantify the size of the issue or problem, identifying potentially uncontrolled risks in your processes and systems.
QVALON is a cloud solution for retail chains operational processes management, which uses mobile application and integrations to digitalize offline data from the stores and then transform it into actions for responsible employees.

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/.

SAP.iO In HR & People Engagement, Announcements, Press Release, Portfolio News

Amwell Enhances Virtual Care Platform with Two Acquisitions: SilverCloud Health and Conversa Health

Amwell, a national telehealth leader, today announced that it has signed definitive agreements to acquire SilverCloud Health, a leading digital mental health platform, and Conversa Health, a leader in automated virtual healthcare. By adding the technology of these two companies to its virtual care platform, Amwell is greatly enhancing the differentiated value it can bring to current and future clients. Each company brings unique, proven capabilities that will position Amwell to materially advance the reach and impact of care teams on patients’ lives through the use of interactive tools that strengthen the cohesion between physical and virtual care.

“We believe that future care delivery will inevitably blend in-person, virtual and digital care experiences; and as such, we are uniquely building a global platform to support such advanced, coordinated care,” said Ido Schoenberg, Chairman and Co-CEO, Amwell. “By integrating SilverCloud Health and Conversa Health into our platform we are demonstrating Amwell’s fundamental and repeatable design to continually scale digital healthcare services across the different sites of care. These acquisitions will amplify the presence and reach of care teams and reaffirm that as the needs of the healthcare marketplace evolve, so too will the Amwell platform.”

MANTA Launches Latest Version of its Data Lineage Platform with Industry-First Active Tags Feature

Data lineage platform MANTA today announced a list of enhancements to its platform that provides customers with deeper visibility into their complex data environments. Among these updates includes an industry-first active tags feature, which allows users to easily highlight any asset in the context of their data pipelines. By attributing fully customized icons to individual nodes, teams working on data privacy and data quality issues will significantly improve collaboration and accelerate issue resolution.

“Organizations are increasingly becoming aware of data quality and privacy issues but cannot see how these issues are affecting their data pipeline,” said Ernie Ostic, SVP of products at MANTA. “Without this context, it’s impossible to know how critical an issue is or what else within the business it might be disrupting. With active tags, users will now be able to flag, identify and draw attention to these issues within the data pipeline, enabling them to better visualize the issues and prioritize which need to be addressed first.”

In addition to active tags, the latest version of MANTA’s data lineage platform boasts various new features for the platform’s available scanners, including improvements to StreamSets, Google BigQuery, Talend, and Snowflake, as well as an expanded PostgreSQL portfolio with Yellowbrick and Amazon Relational Database Services now accounted for. This version of MANTA also includes a simpler configuration of MANTA Perspectives, that allows users to organize their lineage metadata into their own folders and hierarchies faster and easier.

Further, users leveraging MANTA in hybrid environments will benefit from updates to Open MANTA—the solution that allows users to build their own metadata ingestion process for MANTA flow without a formal scanner. The platform brings independent inclusion of Dictionary metadata for Open MANTA Integration Export, and in addition to supporting Docker container technology, now supports container orchestration system Kubernetes.

Rheaply Closes $2.2 Million Inter-series Funding Round with Microsoft’s Climate Innovation Fund and MIT Solve

Rheaply, a climate tech company that combines a resource-sharing network with a user-friendly asset management platform, today announced that it has raised a $2.2 million inter-series funding round led by Microsoft’s Climate Innovation Fund, with additional investments made by MIT Solve’s investment arm, Solve Innovation Future. The investments will be directed toward building carbon-based reporting into the platform, so companies can measure carbon emissions reductions as they utilize the platform.

Rheaply’s unique platform, Asset Exchange Manager (AxM)^TM, maximizes the reuse, remanufacturing, and exchange of resources within and across organizations. The platform tracks inventory and depreciation, allowing users to better visualize, quantify, and utilize surplus assets, or to dispose of them properly. The transparent asset management system also offers facilitated peer-to-peer asset exchange, a gamified online marketplace, and sustainability metrics—enabling less waste and more cost-effective reuse.

Now, Rheaply will implement a multi-phase carbon product roadmap to align with key milestones and objectives defined in partnership with Microsoft. This will help organizations tie material reuse to carbon accounting and credit opportunities. Rheaply’s platform will be the first to bring this metric to the B2B asset exchange technology market.

Roambee’s Real-Time Demand Signal Is Transforming Interstate Batteries’ Fulfilment Logistics

Roambee‘s real-time demand-signal solution for Interstate Batteries has earned the Top Supply Chain Project Award 2021 from Supply & Demand Chain Executive (SDCE) . The ~$1.5B Interstate Batteries, the largest independent battery distributor in North America, boasts a network of 250+ distributors and more than 250K+ dealer locations. Interstate Batteries is deploying Roambee in upgrading its fulfillment logistics to a demand-based dynamic model. The company’s transformation journey is designed to move it away from a milk-run consignment model.

A demand-driven dynamic logistics model requires live insight into batteries sold and stocked at every dealer location through either a centralized ERP (Enterprise Resource Planning)/POS (Point of Sale) system or physically tracking the inventory. Standardizing POS machines or ERP systems across such a vast network of multi-brand retail dealers — many of which are small automotive service shops — was deemed impractical.

Omnichannel Insights for Marketing Decision Support

An old adage goes like this: 50% of the money spent on marketing programs is wasted. But which 50%?

That question can finally be answered in the new era of advanced analytics – and by Adverity Marketing Data Analytics Platform. No more tedious number crunching on spreadsheets for marketing teams, thanks to this popular solution on SAP Store. Now, data-driven marketers can take advantage of fully automated data integration for a single source of truth on the performance of their programs and move past “point-in-time” performance monitoring toward insights that lead to tangible actions.

I spoke with Sven Woeltjen, partner manager with Adverity GmbH, to find out more about the solution’s impact on the life of a marketer.

“From every source – paid search, social media, direct demand-generation campaigns, events – you get different data in different formats,” Woeltjen said. “Everyone is asking for ROI, and no one has the answer. Many marketing teams work in silos. Harmonizing and cleansing the data from all the different sources is a labor-intensive process that’s prone to mistakes, and typically takes many days. As a result, marketers spend more time wrangling data than they do interpreting it, meaning they miss out on opportunities to optimize performance and improve ROI. They don’t have current info and can’t produce timely reports. Those are the problems Adverity solves.”

Reporting in Near Real Time

With the Adverity solution, marketers can create omnichannel overviews in near real time. Integration with SAP ERP and SAP Marketing Cloud allows them to enrich their insights by pulling in data from finance or HR or whatever interests them, Woeltjen continued. The ability to build ad-hoc reports on their own enables them to explain to the business the impact of what they’re doing whenever they’re asked. Report templates and data visualization tools make that even easier. “With tangible results based on real data, they can turn their attention to the next program or campaign rather than the next report,” he added. “By better understanding what works and what doesn’t, they can make decisions from a strategic standpoint.”

In fact, Woeltjen speaks from experience after spending his career in marketing, including tenure with an agency where he was using the Adverity solution himself. He ended up approaching the company about potential partner opportunities and, not long after, joined the firm and worked with its most important partner, SAP.

Understanding Marketing Challenges – as Marketers

I asked Woeltjen to tell me more about the company, which was established in 2015. Like him, the founders themselves were working in the marketing field, experiencing the data challenges , and saw an opportunity. The company has grown steadily since then, largely by building relationships, understanding customers’ needs, and building new features accordingly – as all good marketers do. For example, an augmented analytics module uses machine learning to analyze large amounts of data, identify trends and anomalies, and deliver suggestions for improvements that enable marketers to proactively address issues affecting performance.

Teamwork is a crucial factor for Adverity. The implementation team sits next to the developers to promote collaboration. Even as they have transitioned to working from home, the relationships are in place. Now with about 250 employees, based largely in Austria, the U.S., and the UK, the company plans to double in size this year. With offices in London and New York City already, Adverity plans to establish a presence on the West Coast of the U.S. and in the Asia-Pacific-Japan region. As a digital company with most employees working remotely, not just during the pandemic, he commented, “We can hire the best people.”

And speaking of the pandemic, Adverity has been in the position to cushion some of the fallout for customers suddenly making the transition to online marketing. “Here in Germany, for example, many stores have been closed for a full year,” Woeltjen remarked. “People have had to get used to buying more online, causing many smaller businesses – distilleries, for example – to sell directly to consumers and use their marketing budgets to acquire customers online. We can help them with our tool.”

Cogniac Announces Visual Operations Intelligence Platform for Cloud-based Solutions from SAP

Cogniac Corporation (“Cogniac”) today announced that its Visual Operations Intelligence platform is now available on SAP ^® Store. Cogniac’s AI, machine vision platform complements the industry cloud portfolio from SAP for automotive and industrial machinery and components industries and integrates with SAP Digital Manufacturing Cloud, delivering an AI-based approach to customers looking to extract value from their visual data.

“Today marks an important moment in Cogniac’s growth,” said Vahan Tchakerian, chief partnership officer at Cogniac. “Through our valuable experience in the SAP.iO Foundries program and our partnership with SAP, businesses that use SAP solutions will now have access to Cogniac technology. By offering our platform on SAP Store, we are able to scale more efficiently and deliver exceptional performance in the manufacturing and industrial sectors.”

Cogniac’s Visual Operations Intelligence platform uses no-code AI, enabling companies to maximize the value of their visual data. By integrating with SAP Digital Manufacturing Cloud, capabilities of the Cogniac platform are now accessible within the solution’s architecture, providing advanced AI machine vision technology across a variety of industries.

For customers in the automotive, rail, manufacturing, government, logistics, packaging and kitting, and safety and security industries, Cogniac’s AI machine vision platform drives significant process improvements. Through better defect detection, safer operations and increased efficiencies, Cogniac supports many customers looking to achieve Industry 4.0 standards, reduce costs, and optimize their processes.

Building on the Intelligent Enterprise strategy, SAP is expanding its vertical solutions with an ecosystem of industry cloud applications. These solutions complement the existing SAP portfolio to extend the value of joint customer investments.

“The Visual Operations Intelligence platform developed by Cogniac complements our portfolio and enables an AI-based approach to customers looking to extract value from their visual data,” commented Stefan Krauss, SVP General Manager Discrete Industries and Energy and Natural Resources at SAP. “This is a prime example of how co-innovation between our organizations can deliver value for customers. We look forward to continued collaboration with Cogniac to create innovative cloud solutions and applications for customers who want to drive cost-effective and sustainable growth in their industry.”

SAP recently brought together SAP Store and SAP App Center into one single marketplace at store.sap.com. It delivers a simplified and connected digital customer experience for finding, trying, buying, and renewing more than 1,800 solutions from SAP and its partners. There, customers can find the SAP solutions and SAP-validated partner apps they need to grow their business. And for each purchase made via SAP Store, SAP will plant a tree.

SAP.iO Foundry Paris Accelerates Agribusiness Startups in New Program

SAP launched an agribusiness-focused virtual startup accelerator program at SAP.iO Foundry Paris. The eight international startups have been selected by a jury of SAP experts, partners, customers and investment funds to join the program.

As France is one of the largest agricultural powers in the world, SAP.iO Foundry Paris was a natural location for the first accelerator program from SAP.iO entirely dedicated to this industry. The selected startups specialize in procurement, supply chain, production monitoring platforms and decision support tools.

“Digital technology and collaboration are key enablers to feed the rapidly growing world population in a sustainable way,” said Anja Strothkaemper, SAP vice president of Agribusiness and Commodity Management. “Working together with startups, we can combine our innovation power and serve the evolving needs of our agribusiness customers.”

The program addresses three key industry challenges:

Integrating data, artificial intelligence, analytics and decision-making into agribusiness
Combining compliance and traceability throughout production and processing
Ensuring agriculture is more responsible and environmentally sensitive

Over the next 10 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

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

Agrora enables processors and traders of agricultural commodities to save time on procurement and distribution processes.
Clarifruit offers an automated quality control platform for fast, objective and consistent fresh fruit and vegetable quality control.
Connecting Food uses blockchain technology and smart modules to provide transparency, traceability and digital auditing of food products.
GrainChain Inc. combines blockchain and Internet of Things–driven technologies to verify and auto-execute smart contracts, creating fully automated and digitalized workflows at every stage.
HeavyConnect develops easy-to-use mobile software that digitalizes paper-based compliance workflows in farming and processing.
Milk Moovement connects all players in the dairy supply chain, improving visibility and generating valuable insights across the raw milk supply chain.
ProcSea digitalizes seafood trading by connecting all partners on one digital platform for optimized and secured purchasing and sales processes.
Sencrop designs and sells connected weather forecast solutions farmers use to measure humidity, temperature, wind speed and rainfall.

To learn more about how SAP.iO is helping innovators start up and scale with SAP, please visit https://sap.io/.

SAP.iO In Berlin, Press Release, Munich, Consumer Industries, Energy & Natural Resources, CRM & Customer Experience

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 CO₂emissions 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.

SAP.iO In Press, Press Release, Supply Chain Management

Rheaply Raises $8M to Scale the Circular Economy and Enable Businesses to Take Action Against Climate Change

Rheaply, a climate tech company that combines a resource-sharing network with a user-friendly asset management platform, today announced that it has raised $8M in a Series A round led by High Alpha, with investment from 100 Black Angels & Allies Fund, Concrete Rose Capital, Hyde Park Angels, M25, MCJ Collective, Morgan Stanley Multicultural Innovation Lab, Revolution’s Rise of the Rest Seed Fund, and Salesforce Ventures. Rheaply’s platform eliminates potential waste by instituting the principles of a circular economy, a model that emphasizes “designing out waste and pollution, keeping products and materials in use, and regenerating natural systems.”

Rheaply’s Series A is one of the largest rounds ever raised by a Chicago startup with a Black founder, and the majority of new investors are impact funds.

In the U.S. economy, over $630B of physical workplace assets sit idle every year.² Not knowing what assets exist and where they are frequently leads to inefficiencies in procurement practices, the inability to properly track and manage asset depreciation, and the purchase of duplicate assets, significantly impacting every organization’s bottom line. If never put to use, these assets will add over 60M tons of waste to landfill.

If you would like to know more about how Rheaply is helping Fortune 500 companies and the U.S. Federal Government better track and utilize their resources, visit rheaply.com.

Shippeo Secures $32M Investment From Battery Ventures and Existing Investors, Bringing Total Funds Raised to $71M Since Launch

Shippeo, the European leader in real-time transportation visibility (RTTV), today announces a $32 million investment. This new round is co-led by Battery Ventures, a global, technology focused investment firm and existing investors (NGP Capital, ETF Partners, Partech and Bpifrance Digital Venture). Shippeo will use the investment to strengthen its market-leading position and continue delivering on product innovation.

The Covid-19 crisis has highlighted the need for supply-chain visibility, with major shippers across industries needing enhanced transparency more than ever before. With many countries in lockdown and with unpredictable border closures, companies with advanced visibility solutions managed to mitigate transport delays and the associated operational inefficiencies. Beyond tracking shipments, visibility platforms now give supply chains the data-driven transparency to meet varying customer demands in uncertain and challenging market conditions.

Despite the unprecedented global economic impact of Covid-19, Shippeo has more than doubled its subscription revenues year on year, while successfully increasing its customer base in 2020 with major industrial brands and fourth-party logistics providers such as Kuehne+Nagel, Total, Hager or Krone. Last October, Shippeo acquired the French company oPhone, bringing major customers in the retail and manufacturing sectors into its community. Finally, Shippeo’s total workforce has more than doubled in the last 12 months, now totaling 160 employees, of which 45% work in R&D.

SAP Among the World’s Top 25 Startup-Friendly Companies and Winner of Corporate Startup Accelerator Award

WALLDORF — SAP SE (NYSE: SAP) today announced it has been recognized with a Corporate Startup Stars Award as one of the Top 25 most active companies to encourage open innovation with startups.

SAP also received a Corporate Startup Accelerator Award for its acceleration efforts and identifying worldwide best practices in corporate-startup collaboration. The announcement was made at the digital award ceremony hosted by open innovation advisory firm Mind the Bridge and the International Chamber of Commerce, on December 15.

Engaging with early stage startups is an important aspect of SAP’s holistic open innovation approach to remain agile and resilient in today’s global marketplace. This includes dedicated programs within SAP’s early stage venture arm SAP.iO to scout and accelerate new ideas and talent inside and outside of the company.

“At SAP, we know that we can mutually benefit from outside-in perspectives to inspire innovation and drive business impact for our customers,” said Juergen Mueller, chief technology officer and member of the Executive Board of SAP SE. “Since 2017, we have helped scale more than 270 promising startups across all lines of business and industries in nine locations across the globe. Providing them with the access and resources they need to build on SAP solutions complements our portfolio and internal innovation efforts, which enables our customers to gain even more value from their SAP investments.”

For the fifth year, startups have been asked to nominate the companies that are most active and friendly in working with small businesses. Started in 2016 under the European Commission’s Startup Europe Partnership initiative, the Corporate Startup Stars Awards have been scaled to include corporations and startups worldwide through the partnership between Mind the Bridge and the International Chamber of Commerce.

“SAP has consistently proven to be one of the most startup-friendly corporations worldwide by engaging with startups in multiple modes, ranging from acceleration and partnerships to investments and acquisitions,” said Alberto Onetti, chairman, Mind the Bridge. “We appreciate the approach SAP.iO has taken and its recent evolution. The combination of startup and employee-driven innovation and the renewed focus on scaling companies makes SAP.iO a benchmark globally for rethinking and optimizing the corporate accelerator model.”

To learn more about how SAP is helping innovators inside and outside of SAP build products, find customers and change industries, please visit SAP.iO.

Visit the SAP News Center. Follow SAP on Twitter at @SAPNews.

Media Contact:
Lesa Beber, +1 (650) 390-1629, lesa.beber@sap.com, ET
SAP Press Room; press@sap.com

SAP.iO In Press Release, Portfolio News, Foundries

Paradox Takes Home Gold and Silver in Brandon Hall Group’s 2020 Excellence in Technology Awards

Paradox, the leading Assistive Intelligence platform for talent experience, announced today that it was recognized with two Brandon Hall Group Excellence in Technology awards, including the Gold award for Best Advance in AI for Business Impact — a new award introduced for 2020 in the Future of Work category. Paradox also won Silver in Best Advancement in Talent Acquisition Technology for the second consecutive year.

“With the help of our clients, Paradox has been fortunate to create new opportunities and accelerate innovative solutions to allow these organizations to stay agile during some of the most challenging times most of us have ever experienced,” said Aaron Matos, Paradox’s founder and CEO. “It’s always been our mission to make best-in-class products that solve real problems for our clients, and we’re grateful to have been able to deliver on those promises and help them adapt to 2020’s many obstacles.”

Brandon Hall Group is a globally renowned research and analyst firm with more than 10,000 clients and 25 years experience delivering research-based solutions. The Excellence Awards recognize the best organizations that have successfully deployed programs, strategies, processes, systems, and tools that have achieved measurable results. The program attracts entrants from leading companies around the world, as well as mid-market and smaller firms.

FindMine for SAP Commerce Cloud Now Available on SAP® App Center

FindMine, a New York-city fashion tech start-up, announced that its FindMine app for the SAP® Commerce Cloud solution is now available on SAP® App Center, the digital marketplace for SAP partner offerings. FindMine for SAP Commerce Cloud allows brands and retailers in fashion, beauty, and home goods to help customers answer the age-old question, “How should I use this?” for every product.

Providing guidance to e-commerce shoppers in choosing outfits has historically meant lots of manual work. FindMine learns to mimic a company’s stylists through Artificial Intelligence to truly scale outfit guidance. This lifts online revenue and shopper engagement. For consumers, it recreates the experience of getting styled by a personal stylist. FindMine for SAP Commerce Cloud achieves significant revenue gains by showing shoppers three different ways to wear each item, resulting in higher CLTV, AOV, UPT, conversion, and margin.

Achieving this experience without automation is physically impossible for most retailers. With FindMine, every outfit, furniture/decor set, or makeup look can feature in-stock products, maximizes revenue lift, and looks like it’s been hand-picked by the company’s merchants or stylists. Most importantly, it reinforces what the brand stands for and differentiates it from competitors. FindMine for SAP Commerce Cloud has reduced time around this activity by more than 90% for merchandisers.