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In Funding Announcement, Fund, Press Release, Portfolio News

SAP.iO Fund Invests in Andjaro, an Internal HR Staffing Marketplace Connected to SAP SuccessFactors Solutions

SAP SE (NYSE: SAP) today announced that its investment arm, SAP.iO Fund, has invested in second round funding of Andjaro, a Paris-based company that provides real-time workforce optimization and helps manage and staff remote workers. The €13.4 million Series B round was led by Idinvest Partners and includes existing investor Balderton Capital.

Andjaro helps companies redeploy employees internally and works with SAP SuccessFactors solutions. SAP works with Andjaro to provide SAP customers with a real-time overview on staffing gaps, employee skills, availability and proximity to propose voluntary redeployment for a short period of time. SAP.iO Fund previously invested in the Balderton-led 2018 Series A round.

“SAP customers are continually exploring how to best allocate their most valuable resource — their talent — especially in the current environment,” said Ram Jambunathan, SAP senior vice president and managing director of SAP.iO. “Andjaro’s platform can provide enterprises with new opportunities to redeploy existing human resources efficiently.”

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In Foundries, Tel Aviv, Press Release, Portfolio News

SAP.iO Foundry Tel Aviv Launches Accelerator Program Focused on Consumer Products

SAP kicked off its consumer-products-focused business-to-business (B2B) technology accelerator program at SAP.iO Foundry Tel Aviv, with seven early-stage startups focused on manufacturing, supply chain, sales and marketing solutions.

The SAP.iO zero-equity-ask program is designed to accelerate innovation and drive new business models for SAP’s customers. This cohort will tackle top-priority challenges including personalization, consumer experience, data-driven insights, sales automation, and demand and supply planning.

Startups in the program will have access to curated mentorship, exposure to SAP technology and application programmable interfaces (APIs), and collaboration opportunities with SAP customers.

“Our customers are looking for innovative solutions to help improve agility and speed, especially in these challenging and transformative times,” said Peter Maier, SAP president of Industries and Customer Advisory.

The following startups are participating in the SAP.iO Foundry Tel-Aviv:

  • Aiola’s natural-language sales analytics platform integrates data from multiple planning software systems of consumer packaged goods companies, generating accurate sales and demand forecasting, trade promotions optimization, new product launch analysis and market-share forecasting.
  • Hexa helps retail partners share information by converting their existing product information into immersive content (three-dimensional/artificial reality) in an efficient and cost-effective way.
  • Pecan is an automated predictive analytics platform that uses advanced artificial intelligence to connect and unify various data sources, allowing quick and automated development and deployment of predictive use cases.
  • Sampler is a direct-to-consumer product sampling platform that allows brands to target, track and measure their sampling programs from start to finish.
  • SRP Analytics’ advanced digital retail format connects brands, local stores and consumers on a single nearby platform, increasing sales growth, supply-chain efficiency and consumer loyalty.
  • TrenDemon is a content marketing analytics platform that integrates a company’s digital assets and maps the customer journeys, providing insights and action items to improve content impact and return on investment.
  • TVPage provides brands with the ability to present ambassador digital storefronts on their websites — empowering subject matter experts, in-store sales associates, influencers and savvy customers to promote and sell their products online.
In San Francisco, Press Release, Portfolio News

Paradox Raises $40M Series B to Help Companies Embrace the Future of Work with Conversational AI

Paradox, the conversational AI platform helping HR and talent teams automate administrative tasks and deliver real-time candidate and employee communications, announced today $40M in Series B funding, led by Brighton Park Capital. The Arizona-based startup, whose 200+ global enterprise clients include McDonald’s, CVS Health, and Unilever, will leverage the funding to expedite its vision of a future where AI is a liberating force to help people do their best work.

“No one goes into recruiting or HR because they like screening resumes, scheduling interviews, or managing paperwork,” said Paradox founder and CEO Aaron Matos, who started his career as an HR practitioner. “Our clients love our AI assistant Olivia because she helps them get back to doing the strategic people work that got them into recruiting and HR in the first place.”

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In Press Release, Portfolio News

SilverCloud Health Announces $16M Series B Funding for Digital Mental Health Platform

SilverCloud Health, the world’s leading digital mental health platform for healthcare systems and providers, health plans, and employers, today announced a $16 million Series B funding round led by MemorialCare Innovation Fund, which included LRVHealth, OSF Ventures and UnityPoint Health Ventures, elevating the company’s total funding to more than $30 million. Existing investors Act Venture Capital and B Capital Group participated in the round as well.

Four of the Series B investors, MemorialCare Innovation Fund, UnityPoint Health Ventures, OSF Ventures and LRVHealth are associated with leading U.S. healthcare systems that currently use SilverCloud, a testament to the quality and results of the platform.

“We are committed to providing truly impactful mental health support to all those with need,” said Ken Cahill, CEO of SilverCloud. “The need has never been greater than during this unprecedented global crisis. SilverCloud enables easier, earlier access to clinically validated mental health care that shows results equivalent to face-to-face care for the 1 in 5 people with a diagnosable mental health condition. With millions of people being asked to stay home and health systems needing to prioritize care, we recognize the heightened need for virtual support as the world copes with the COVID-19 pandemic. In response, SilverCloud is providing its clients, free of charge, expanded access to its platform to even more healthcare professionals, their families and patients to help make a difference for those in need in the current crisis.”

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In Press, Paris, Press Release, Portfolio News

SAP.iO Foundry Paris dévoile les 8 startups HR Tech et « Future of Work » de son quatrième programme d’accélération

SAP.iO Foundry Paris annonce le lancement ce jour de son nouveau programme d’accélération HR Tech et du « Future of Work ». L’accélérateur a retenu 8 startups innovantes dans le domaine pour accompagner leur développement technologique et commercial. A l’issue du programme, les technologies des jeunes pousses viendront compléter la solution RH numéro 1 du marché SAP SuccessFactors utilisée par 125 millions d’utilisateurs à travers le monde. Une opportunité unique pour les startups mais également pour SAP qui entend renforcer son offre aux entreprises de technologies intégrées qui améliorent le quotidien et la qualité de vie au travail de leurs employés.

Paris, 24 mars 2020 – SAP.iO Foundry Paris annonce le lancement ce jour de son nouveau programme d’accélération HR Tech et du « Future of Work ». L’accélérateur a retenu 8 startups innovantes dans le domaine pour accompagner leur développement technologique et commercial. A l’issue du programme, les technologies des jeunes pousses viendront compléter la solution RH numéro 1 du marché SAP SuccessFactors utilisée par 125 millions d’utilisateurs à travers le monde. Une opportunité unique pour les startups mais également pour SAP qui entend renforcer son offre aux entreprises de technologies intégrées qui améliorent le quotidien et la qualité de vie au travail de leurs employés

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In Foundries, Press Release, Singapore, Portfolio News

SAP.iO Foundry Singapore Launches Industry 4.0 Startup Acceleration Program

SINGAPORE — SAP SE (NYSE: SAP) today kicked off a new SAP.iO Foundry Singapore program, with five international startups that will help SAP customers become Industry 4.0 businesses and go beyond digital manufacturing to seamlessly connect all aspects of an entire company.

This cohort will work to develop technologies to enable businesses to extend the value of their investments in SAP S/4HANA and SAP Digital Supply Chain solutions.

“Singapore has developed a vibrant startup ecosystem and is the gateway to the ASEAN region,” said Rachel Barger, SAP South East Asia president and managing director. “SAP continually partners with other solution providers, including startups in Singapore, to help organizations unlock value with the latest Industry 4.0 technologies.”

SAP.iO Foundry Singapore accelerates innovation and drives new business models for SAP. The zero-equity-ask program provides startups with curated support from within and outside of SAP, exposure to SAP technologies, and opportunities to collaborate with SAP customers. The program will conclude at an SAP.iO Demo Day in the beginning of June.

“The SAP.iO Foundry Singapore spring acceleration program will see the development of new Industry 4.0 solutions for companies in the region, and contribute to bolstering the ecosystem for startups in Singapore,” said Kiren Kumar, chief digital industry officer of Digital Industry Singapore, a government office that supports the growth of Singapore’s technology sector. “We look forward to strengthening our longstanding partnership with SAP, as we innovate and create new solutions out of Singapore.”

The following startups are part of the SAP.iO Foundry Singapore Spring 2020 program:

  • Botsync provides easily deployable and cost-effective mobile material-handling robotic solutions to enable companies, especially small and midsize enterprises, in Asia Pacific to improve productivity.
  • H3 Dynamics combines machine learning, remote telerobotics and off-grid capabilities for drone services that can deploy and manage commercial condition monitoring, security and safety solutions.
  • Memorence uses artificial intelligence (AI) to develop smart visual learning and recognition systems for enterprise and consumer solutions, which can improve production quality and operational efficiency.
  • VersaFleet automates modern supply chains with route optimization, electronic proof-of-delivery, instant notifications and real-time job-status tracking.
  • HyBird automates visual inspection of industrial facilities through its data-source-agnostic software “Clarity,” which employs computer vision and AI to produce interactive digital twin models for better asset maintenance.

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

In Paris, Press Release, Portfolio News, Foundries

HR Tech : SAP.iO Foundry Paris accompagne 8 startups

SAP va soutenir la phase d’accélération de 8 jeunes pousses actives dans les technologies RH, de 360Learning à Workelo. Want create site? Find Free WordPress Themes and plugins.

Après la chaîne d’approvisionnement, le commerce de détail et les technologies vertes, la gestion de talents… L’accélérateur de startups SAP.iO Foundry Paris a annoncé mardi le lancement de son quatrième programme d’accélération « HR Tech/Future of Work ». Ou les technologies des ressources humaines (RH, HR en anglais) pensées pour le travail du futur.

« Les capacités numériques et les nouvelles façons de travailler bouleversent les entreprises et les services RH », a déclaré Sébastien Gibier, directeur de SAP.iO Foundry Paris. Recrutement, intégration, montée en compétences, départ des employés… « Pour rester attractives », les organisations cherchent à créer une expérience collaborateur « de bout en bout ». Les jeunes pousses sélectionnées par l’accélérateur sont susceptibles de les y aider.

Pour cette quatrième promotion, les 8 startups et projets suivants ont été retenus :

● 5Feedback : une application qui permet aux salariés d’obtenir en temps réel des retours et évaluations de leurs compétences auprès de leur interlocuteurs professionnels.
● 360Learning : une plateforme d’apprentissage collaboratif (collaborative learning) pour les entreprises.
● eLamp : une solution basée sur l’IA d’identification des compétences des collaborateurs.
● FirstBird : un programme de fidélisation des collaborateurs pour recruteurs.
● RandomCoffee : un logiciel SaaS de mise en relation entre collaborateurs en fonction de règles prédéfinies par l’entreprise.
● Timeular : un logiciel de suivi et gestion du temps de travail.
● Workelo : un outil de gestion opérationnelle des mobilités, de l’intégration au départ.
● Yogist : une méthode et un chatbot de prévention santé en entreprise.

Accompagnement et mentorat

Ces sociétés bénéficieront pendant 10 semaines, à raison de 3 jours par semaine, de l’accompagnement de mentors issus du comité exécutif de SAP France. Elles auront également accès à des ateliers animés par des coachs de l’éditeur de logiciels ou de son écosystème.

De surcroît, 5 grands clients du groupe allemand vont contribuer à la phase d’accélération de ces jeunes pousses. « C’est la première fois que nous travaillons autant la complémentarité technologique avec nos produits » et « que nous mobilisons autant de clients en amont du programme », a expliqué le responsable du bureau parisien de l’accélérateur.

À l’issue du programme, enfin, les technologies des startups viendront compléter SAP SuccessFactors, la solution HCM* de SAP aux 125 millions d’utilisateurs revendiqués.

In Foundries, Paris, Press Release, HR & People Engagement, Portfolio News

SAP Kicks Off SAP.iO Foundry Paris for HR Tech Startups

PARIS — SAP SE (NYSE: SAP) announced that SAP.iO Foundry Paris today kicked off its new accelerator program focused on human resources (HR) technology and the future of work.

Over the next 12 weeks, SAP will accelerate eight HR technology startups that will revolutionize recruiting, talent management and collaborative learning for human resources.

The selected startups will have access to technical integration guidance, curated mentorship, exposure to SAP technology and opportunities to collaborate with SAP SuccessFactors customers. Five major SAP customers also will collaborate with and help guide the participating startups.

“Digital capabilities and new ways of working are shaking up companies and HR departments,” SAP.iO Foundry Paris Director Sébastien Gibier said. “To remain attractive, companies today are looking to create a unique end-to-end employee experience. This is the first time that we have mobilized these many customers to engage with startups from the beginning of the program. It presents a unique opportunity for companies to create new experiences for their employees.”

The SAP.iO Foundry Paris cohort includes the following startups:

  • 5Feedback is an application for employees to receive continuous, real-time feedback from their professional contacts. This strengthens team commitment, promotes development and improves the company performance.
  • 360Learning is a collaborative learning platform that in just minutes creates impactful courses for collaborative learning across the enterprise workplace.
  • eLamp is an AI-driven, business-oriented solution that identifies and maps employee skills in real time, improving HR processes and operational performance across a company.
  • Firstbird, the leading employee referral program for recruiters, connects people with companies worldwide.
  • RandomCoffee is a software-as-a-service (SaaS) solution that facilitates employee meetings according to predefined company rules.
  • Timeular helps users and companies gain powerful insight into how they spend their time to more productively manage it.
  • Workelo is an SaaS platform that creates an innovative, engaging and collaborative experience for onboarding and offboarding, while saving managers and HR professionals up to 68 percent of their time.
  • Yogist is a complete and innovative method co-developed with psycho-ergonomists and osteopaths for addressing health and well-being at work.

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

In Foundries, Berlin, Press Release, Portfolio News

SAP.iO Foundry Berlin Launches Industry 4.0 Startup Acceleration Program

SAP has announced that SAP.iO Foundry Berlin kicked off its second Industry 4.0 program earlier this month, with six international business-to-business startups focused on manufacturing, logistics, supply chain management and process optimization.

The SAP.iO Foundries program enables startups to develop technologies to help existing businesses go beyond digital manufacturing and seamlessly connect all aspects of an entire company — from design to operations to sales and service. The program helps SAP customers to find and adopt these disruptive technologies.

The following startups are joining the SAP.iO Foundry Berlin Spring 2020 program:

  • Agranimo produces software and microclimate monitoring equipment that turn soil and climate information into a management strategy.
  • Fretlink connects shippers to the largest hubs of local carriers in Europe through a new standard road-freight organization.
  • Soley saves millions of dollars by optimizing complex product portfolios.
  • LiveEO analyzes satellite data to monitor large-scale infrastructure grids.
  • Wandelbots allows everyone, even those without technical experience, to teach robots quickly, easily and inexpensively.
  • 3DQR has developed a very simple and flexible solution to work with augmented reality (AR) and thereby merge digital 3D experiences into any industrial environment.

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In Portfolio News, Business Technology Platform, Fund, Press Release

SAP.iO Fund Invests in Hasura, Provider of GraphQL Access to Data Sources

People mingling in conversation

AP.iO Fund, has invested in Hasura, a San Francisco and Bangalore-based company that provides data access and data flow tools and services via GraphQL APIs.

SAP will work with Hasura to enable support for SAP HANA as well as offer native GraphQL capabilities to the SAP Cloud Platform Integration Suite. The Series A round was led by Vertex Ventures and includes existing investors Nexus Venture Partners and Strive VC, among others.

Hasura’s event engine makes it easy to integrate cloud-native/serverless business logic to the GraphQL API. Hasura automatically generates real-time GraphQL APIs using declarative metadata configuration and authorization policies for consumers. Organizations can use GraphQL in production and mission-critical applications alongside existing and modern cloud-native infrastructures without the significant cost of building and maintaining a GraphQL server.

“SAP has a strong community of partners and customers building applications on SAP Cloud Platform,” said Ram Jambunathan, senior vice president at SAP and managing director of SAP.iO. “Together with Hasura, SAP can extend and support data access for GraphQL, helping our customers expand their SAP solution capabilities as part of their intelligent enterprise transformation.”

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In Global, Press Release, Venture Studio

Fostering an Open Innovation Ecosystem to Buoy HXM

The pace of innovation for human resources (HR) is at an all-time high. Businesses and HR leaders recognize that a motivated, productive, and engaged workforce is essential to compete and succeed in today’s market. However, the old ways of managing talent are simply not as effective as they once were.

Recognizing there are challenges that require specialized solutions, the SAP.iO program helps innovators both in and outside of SAP build products, find customers, and address industry challenges. These startups push traditional thinking and processes and leverage emerging technologies to drive employee- and people-first cultures.

SAP.iO Venture Studio encourages entrepreneurs specifically inside of SAP by funding employee-led innovations. For example, Brilliant Hire by SAP leverages a network of experts to recruit at scale and bring the best candidates to in-person interviews. The solution now integrates with SAP SuccessFactors Recruiting Management. FlexPay by SAP, which recently launched a beta program, allows employees to tap into their accrued earnings ahead of payday to cover unforeseen expenses and avoid costly late fees, overdraft fees and payday loans. Integrated into SAP SuccessFactors Employee Central and SAP SuccessFactors Employee Central Payroll, the solution also offers money budgeting and savings tools.

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In Press Release, Singapore, Portfolio News

Smart credit fintech startup Flowcast nabs US$3M Series A funding from ING Ventures, BitRock Capital

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.

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