SAP.iO Venture Studio makes a €1 million follow-on seed investment in Brilliant Hire, a bias-free, skill-based pre-screening platform that helps digitize recruiting to provide faster and greater insights
In most hiring processes, hitting the buzzer to catapult candidates to the next round does usually not occur as quickly as on prime television shows. Talent is nevertheless what both are looking for.
There’s a strong connection between achieving business objectives and hiring the right talent, hence increasing the quality of candidates within the hiring funnel is fundamental to success. Tech is promising a shortcut to identifying the best candidates for job offerings, by also eliminating (un-)conscious bias towards applicants, and improving hiring efficiency. Will software be the next recruiting manager you meet in an interview? Not quite, but it could make all the difference.
Brilliant Hire offers skills-based job applicant screening, providing faster and greater insights without bias. The latest funding allows the venture to proceed with the recently released Brilliant Expert Network. Brilliant Experts is a complimentary service to Brilliant Hire, providing experts who evaluate candidates at any skill level and any discipline. With this service, recruiters simply send candidates the Brilliant Hire link and subsequently receive a full breakdown of a candidate’s skills from the expert. On the backend, the Brilliant Hire teamensures the quality and availability of the evaluating expertsremains high. The platform is unique across the screening industry by combining both machine learning with human evaluators.
Brilliant Experts has been used at SAP by the Silicon Valley Next Talent program over the past few months. With the addition of Brilliant Experts, Brilliant Hire removed the burden of assessment evaluation and decreased the wait time of applying candidates by more than 50 percent:
“We went from a one to two weeks response time to just two days. This resulted in over 400 candidates screened and only 100 qualifying ones to be interviewed – all without burdening recruiters or managers.”
Caitie Sullivan, program manager, Silicon Valley Next Talent Program, SAP
The team has shown early successes, including helping software company SAP SuccessFactors hit their ambitious 2019 hiring targets. This includes hiring over 100 engineers across the San Francisco and Bangalore offices. Beyond SAP, Brilliant Hire has been used by Mercedes-Benz R&D and the Second Harvest Food Bank.
Today, Brilliant Hire is offering a 3-month trial allowing companies to screen up to 300 candidates evaluations for just $1. Simply head over to the SAP Store to start your trial today.
To continue delivering their vision of screening-as-a-service, the new funding enables the team to grow in key areas. During the second half of 2019, Brilliant Hire will add Go-To-Market experts, designers and various engineering resources across San Francisco and Bangalore — hence hiring themselves! If you believe in the team’s mission and are interested in joining, reach out to their General Manager, Ryan Phillips, at firstname.lastname@example.org or check out the team’s career page.
About Brilliant Hire
About SAP.iO Venture Studio
The SAP.iO Venture Studio invests in small, entrepreneurial teams inside SAP and helps them build and launch successful products that attack some of the biggest problems in enterprise software. More information on sap.io/studio.
How a company manages its people says a lot about who they are. It can mean the difference between surviving or thriving as a business. Leadership teams are realizing the current workforce has a diversity of talents and that how people work is different than it was only a few years ago. Many companies are looking for solutions to not only manage this change but to position themselves as the best possible solution for their customers.
While 80% of the world’s employees are deskless, only 1% of enterprise software investment is for deskless workforce-focused solutions. Managing these employees involves unique hurdles like communication barriers and limited digital access. Similarly, the role of people managers has evolved significantly in the modern workplace.
In a joint effort between SAP.iO Foundry Tel Aviv and SAP SuccessFactors, it was revealed that two populations need a great deal of support with innovation — deskless workforces and people managers.
To address these needs, ten startups were selected to solve the unique challenges of deskless workforces and people managers. These startups collaborated with SAP, developing solutions that integrate with SAP products to serve our diverse range of customers. From our work together, we gleaned valuable insights that we have highlighted in a new report.
Get your copy of the latest ‘Empowering Deskless Workforces and Shaping the Future of People Management’ report HERE.
Enterprise e-commerce solutions have to be holistic, comprehensive, relevant, and up-to-date with customer needs and market trends. In order to deliver an end-to-end suite of applications and services, large e-commerce vendors have to maintain a clear strategic partner approach.
At SAP, innovation is a core element of our partner strategy. In order to offer customers a relevant ecosystem of partners, we always scout for solutions that are both innovative and enterprise-ready to complement our offerings. To deliver on that commitment, in 2017 SAP established SAP.iO, with an ongoing mission to build the company’s next generation of partners.
Here are five startup trends for 2024 in the e-commerce space, represented by startups that graduated the SAP.iO program and are now certified SAP partners.
- Personalization – Jebbit
- Customer advocacy – Mention Me
- Immersive experiences – Obsess
- B2B commerce – Zoovu
- Video commerce – Smartzer
Startup partnerships lead the way in e-commerce innovation
E-commerce has come a long way, but we can expect even more innovation ahead as startups set their sites on ways to improve it as consumer needs and habits change.
New technologies, with AI likely playing a big role, will help brands deliver seamless, personalized, and interactive e-commerce experiences that drive loyalty and sales.
A new case study was published by Clarifruit, together with SAP customer Zespri.
Zespri shared: “Integrating Clarifruit into our SAP system was a breeze.”
Who is Zespri?
Zespri is the world’s largest kiwi fruit marketer, based in New Zealand. They sell high-quality produce in over 50 countries, and they pride themselves on maintaining impeccable quality across their supply chain. Before partnering with Clarifruit, Zespri faced a number of challenges associated with unstandardized quality control practices, and a lack of objective data on which to base sound business decisions.
From Many Standards to One: The Urgent Need for Uniform Quality Control
Before launching their partnership with Clarifruit, Zespri took a decentralized approach to quality control. This was inevitable, given the global reach of their business. But it meant that different locations had different standards, without a single, uniform set to regulate all of them. As a result, inspectors conducted quality checks in different ways, bringing a great deal of subjectivity into the supply chain.
They approached Clarifruit with a set of specific aims:
- Standardize QC Processes: Unify inspection methods across the entire supply chain, from growers to market destinations.
- Optimize Data Accuracy: Establish a system for objective, consistent data collection to make better business decisions – and faster.
- Reduce Waste: Minimize produce waste throughout the supply chain
Zespri Finds Answers at Clarifruit
Once they discovered Clarifruit, Zespri quickly recognized the value that the quality control platform provided their business. Clarifruit’s platform combines an inspector mobile app and a real-time analytics dashboard, solving both of Zespri’s most pressing needs in a single, easy-to-use solution that could be rolled out across all locations instantly, and in real-time.
Congratulations to the 17 startups in our portfolio that have successfully exited via acquisition in 2023! These acquisitions not only represent positive outcomes for the startups, but also a validation of their innovative ideas and solutions. We are proud to have been a part of their journey and look forward to their continued success in their next chapters.
- Rephrase was acquired by Adobe on 11/22/2023
- Tango Eye was acquired by Lenskart on 10/30/2023
- Manta was acquired by IBM on 10/24/2023
- eLamp was acquired by 360Learning on 10/9/2023
- Bewgle was acquired by Acceldata on 9/19/2023
- Akorda was acquired by LegalSifter on 9/18/2023
- Magazino was acquired by Jungheinrich on 8/23/2023
- Dotaki was acquired by AB Tasty on 7/11/2023
- Ecoplant was acquired by Ingersoll Rand on 6/14/2023
- Sensire was acquired by Main Capital Partners on 6/7/2023
- Andjaro was acquired by Silae on 6/6/2023
- Myagi was acquired by Rallyware on 5/2/2023
- Qualified was acquired by Andela on 3/9/2023
- Lemonbeat was acquired by E.ON One on 3/8/2023
- ESG Enterprise was acquired by apexanalytix on 3/7/2023
- Springday was acquired by Advanced Personnel Management on 2/7/2023
- OilX was acquired by Energy Aspects on 2/1/2023
By Muzna Siddiqi, Business Development Manager
SAP.iO unlocks numerous opportunities for startups in our portfolio to connect with SAP customers and expand the reach for their solutions. One of the most sought-after experiences in 2023 was the opportunity to showcase startup innovation at one of SAP’s Industry Customer Advisory Council meetings.
This year, SAP.iO secured invites for select startups to engage directly with CIOs, CTOs and VPs of IT to highlight their innovations at SAP Industry Customer Advisory Councils for the Fashion and Consumer Products industries. The SAP.iO team also represented select SAP.iO startups at the Industrial Manufacturing, and Aerospace & Defense Industry Council meetings. These councils meet twice a year to provide input to SAP, network with colleagues, and learn about new innovations in the market.
Fashion Industry Customer Advisory Councils
Starting off in the spring in New York City, over two dozen of SAP’s strategic customers in Fashion came together to discuss their industry’s latest innovations and pain-points, with a specific focus on sustainability, supply chain, and marketing. To showcase innovations in these areas SAP customers participated in a role-play workshop where they analyzed startups with a common challenge of sustainability in mind. SAP.iO startups, Obsess, Ecocart, and Inspectorio, were chosen to take part in the engaging workshop, where they showcased their solutions and impact on sustainability initiatives.
“SAP.iO put on a dynamic session with three of their startups during the recent SAP Fashion Council. It was a super engaging session and we experienced firsthand some of the exciting innovations SAP is adding to its ecosystem”
Ralph Vibhustien, Executive Director – Global GIS Retail, The Estée Lauder Companies Inc.
These customers also had an opportunity to engage with Mention Me, .arinaee, and YZR in Istanbul this fall. In another role-play workshop, the three startups had to make the case for why they should be selected as the top contender for a pilot at a fictitious fashion brand. All three startups made their case and, following a brief collaborative exercise and presentation among the customer attendees, a winning team was selected.
Consumer Products Industry Customer Advisory Councils
In May of this past year at a Consumer Products Advisory Council, Wisy, an SAP.iO startup, participated in a panel discussion along with a leading consumer products company. As part of the discussion Wisy’s CEO and Founder shared both how the company collaborates with its customers while the executive representative from the SAP customer company offered best practices for evaluating startups for potential pilots.
To round off the year, the SAP Consumer Products Customer Council also hosted a session with a focus on artificial intelligence (AI), where Mention Me and ChAI showcased how they are using AI in their applications to support the needs of consumer products companies.
Industrial Manufacturing and Aerospace and Defense Customer Advisory Councils
In addition to our longstanding showcases at the Fashion & Consumer Products councils, SAP.iO had the opportunity to collaborate with two new SAP Industry Councils in 2023. We presented the concept of open innovation and how SAP is building an ecosystem of innovative startup partners relevant to Industrial Manufacturing and the Aerospace and Defense Industries. Relevant SAP.iO startups were showcased for each council laying the groundwork for exciting future collaborations in 2024.
Engage With SAP.iO in 2024
Interested in engaging with the SAP.iO team to learn more about the potential to leverage startup innovations? Reach out to Paul White, VP of Business Development, SAP.iO Foundries (email@example.com) or Muzna Siddiqi, Business Development Manager for more details as to how you can engage with our startups.
200+ SAP.iO startups deliver their apps, add-ins, and integration kits to SAP’s global customers through SAP Store. SAP Store is the online marketplace where customers around the world can discover, try, buy, and renew enterprise solutions from SAP and its trusted partners. We are excited to share with you the latest startup technologies to be added to the store! You can check out all of our portfolio technologies that integrate with SAP solutions on the SAP Store.
by Transmute Industries, Inc.
Put your supply chain data in the fast lane of trade with verifiable credentials
Our integration seamlessly connects the benefits of Transmute’s Verifiable Data Platform to your existing SAP S/4HANA setup, so you can leverage the power of verifiable credentials (your data’s “digital twins”) with ease. By transmuting critical trade documents into the most secure, interoperable, context-rich data format, companies maximize transparency and governance of their supply chain data, all while automating customs compliance. This solution was incubated and/or funded by SAP.iO and works with SAP Digital Manufacturing, SAP S/4HANA Cloud, and AP S/4HANA for procurement planning. Check out a product video here, and find them out on the SAP Store here.
Cost data platform to discover cost reduction opportunities
By building a cost database for the manufacturing industry that allows buyers to store and search for quotes and prepare and utilize quotation data, we will create a procurement organization that promotes logical cost reduction for buyers and contributes to profits. This solution was incubated and/or funded by SAP.iO and works with SAP Ariba Sourcing, SAP S/4HANA Cloud, SAP Integration Suite, and SAP ASE service. Check out a product video here, and find them out on the SAP Store here.
Easy remote inspections of analog gauges to reduce cost and incident risk
Our solution enables remote daily visual inspections in locations with no power nor network supply by integrating with SAP Business Network for Asset Management. Based on LiLz Cam, cameras that have built in LTE connectivity and 3 years of battery life. This solution was incubated and/or funded by SAP.iO and works with SAP Collaborative E-Care Management, SAP Marketing Cloud. Check out a product video here, and find them out on the SAP Store here.
Allow manufacturers to improve quality control through our AI-powered solution
36ZERO Vision integrated in SAP DM is an AI-based software solution for visual quality automation to identify faults, anomalies, missing parts, and industrial text that increases transparency and productivity in the manufacturing processes. This solution was incubated and/or funded by SAP.iO and works with SAP Digital Manufacturing, SAP Digital Manufacturing Cloud for execution. Check out a product video here, and find them out on the SAP Store here.
Supply Chain Inherited Risk
Quantifying your N-tier supply chain risk
80% of corporates don’t have good visibility of their Tier 2 suppliers and beyond, exposing themselves to hidden risk. Versed AI quantifies the risk that your critical Tier 1 suppliers inherit from their Tier 2 and Tier 3, underpinned by automated supply chain mapping. Empowered with this insight, supply chain planners can dynamically re-plan in SAP Integrated Business Planning for Supply Chain to avoid stock-outs, concentration risks & delays. This solution was incubated and/or funded by SAP.iO and works with SAP BTP, Cloud Foundry runtime and environment, SAP Integrated Business Planning for Supply Chain. Check out a product video here, and find them out on the SAP Store here.
Satellite Based Asset Monitoring from Space
Satellite Based Asset monitoring with Automatic Change Detection
This solution extends the capability of asset management on SAP S/4HANA: An automated problem detection solution is integrated to improve the asset maintenance performance; The problem detection based on AI models recognizes anomalies on satellite images to reduce cost of field inspections and timely detect unattended problem occurrences; The solution allows to monitor assets in a very large area without going onsite. This solution was incubated and/or funded by SAP.iO and works with SAP S/4HANA Cloud Asset Management for resource scheduling, SAP S/4HANA Cloud. Check out a product video here, and find them out on the SAP Store here.
SAP.iO’s ecosystem of successful raises and exits
SAP.iO has curated over 525 startups in SAP’s startup ecosystem. We’re proud that many of the startups from our programs continue to raise VC funding and have successful exits. This demonstrates that SAP startup technologies are addressing the rapidly changing requirements of the marketplace and have risen to the occasion of meeting customer needs. Here are the latest raises and exits you should know about!
Sensyn Robotics closed a ¥2.25B Series C round on October 27, 2023. The company has raised approximately 3.6 billion yen so far, and with this latest financing, the total amount raised will be approximately 5.85 billion yen.
Inkelink closed a ¥100M Series B round on November 14, 2023. This round of financing was led by Bank of Communications Overseas Chinese Digital Economy Fund, and Huafeng Emerging Industry Fund, Shenqi Capital, and Chongqing Mingyue Lake Fund also participated in the investment, with Huafeng Capital serving as the long-term exclusive financial advisor to help Inkelink steadily move forward in the field of new energy digital intelligent manufacturing.
SAP.iO is building a relevant and diverse startup ecosystem that extends the value of SAP solutions to meets the evolving needs of SAP customers. Our portfolio of startups helps customers to foster adoption rapidly while realizing the value of innovation. In 2023 we were able to share many customers success that highlight our great partnerships. Check out our ever-growing list of successful collaborations!
- Smartzer & BSH
- Partsimony & Stanley Black & Decker
- Paradox & Tennant Company
- MaintainX & Duracell
- Shippeo & Coca-Cola
- Plum & CMP
- Twenty5 & Delaware Consulting
- Mention Me & PUMA
- Cogniac Corporation & Smart Press Shop
- Zoovu & MAPAL
- Zoovu & Bosch Power Tools Accessories
- XForcePlus & Compass Group
- Trustpair & Nexans
- Clarifruit & Zespri
We are proud to share that SAP.iO has surpassed the 125-mark for AI-powered startup partner solutions in our partner ecosystem. These solutions are fully integrated with SAP and available via SAP Store for immediate adoption by SAP customers. The encompassing solutions range across lines of business and industries, including finance, HR, supply chain, and customer experience.
In a recently released report, CB Insights ranked the top 25 most successful startup accelerators based on their portfolio strength and performance, using the 2020 investment class as a basis. SAP.iO ranked #6 on their overall list and #1 out of the corporates on their list.
MaintainX, the leading maintenance and frontline work execution platform, today announced $50M in Series C funding led by Bain Capital Ventures (BCV) with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital and Ridge Ventures. Other strategic new investors include Jeff Immelt the former CEO of GE, Jeff Lawson the CEO of Twilio, Steve Pagliuca a Senior Advisor to Bain Capital, Rob Bernshteyn the CEO of Coupa Software, Chris Comparato the Chairman and CEO of Toast, and Allison Pickens the former COO of Gainsight. The new capital will accelerate the MaintainX feature roadmap, with additional AI-driven predictive capabilities and data-driven functionality. Following the company’s Series B in June 2021, this investment brings total funding to $104 million while achieving a valuation of $1 billion.
The world’s leading manufacturing, industrial, logistics, hospitality and facilities management companies rely on MaintainX to prevent downtime and ensure 24/7 operations. MaintainX prevents costly failures and ensures regulatory compliance by arming teams with the right data, while increasing productivity of maintenance workers and other frontline staff by digitizing workflows.
Fixed assets average 24 years old while still in operation, the highest age since 1947 according to the Bureau of Economic Analysis. By better maintaining infrastructure, ensuring preventive maintenance compliance, and providing asset and plant-level data insights, companies using MaintainX achieve higher productivity. As aging infrastructure is replaced, smarter machines generate more data and frontline workers using MaintainX evolve into knowledge workers empowered with the right insights.
Matching qualified candidates with open positions just became a lot more cost-efficient with GenAI. Sense Talent Labs has developed an AI-powered talent engagement app that reduces cost per hire and gives job seekers that all-important human touch to bond with an organization’s culture.
“We provide intelligent personalized candidate journeys from sourcing and screening through interviews, hiring, and onboarding,” said Alex Rosen, co-founder and head of products at Sense. “Our full lifecycle talent and engagement platform empowers recruiters and candidates with individualized interactions. Organizations can find, hire, and onboard qualified people faster, boosting recruiter productivity and giving candidates a higher quality experience.”
Sense’s customers are from a variety of industries worldwide including retail and hospitality, manufacturing and logistics, healthcare, and technology. Rosen said that on average companies reduce time to hire by 30% and cost per hire by 35%, while increasing the number of qualified applications by 55%.
Surprisingly personalized automation from GenAI chat bot
Embedded in SAP SuccessFactors, Sense AI Copilot sources and pre-qualifies candidates from an organization’s existing applicant database and new applications. The conversational AI chat bot asks important questions based on the job description including someone’s last job title, years of experience in pre-designated responsibilities, and willingness to work certain hours at a particular location. Candidates that pass the first pre-screening are automatically scheduled for interviews with the appropriate hiring managers based on updated calendars.
“The chat bot knows as much as possible about each candidate based on all the touch points that they’ve had with the company, such as jobs they’ve previously applied to and their resume background,” said Rosen. “There are no redundant questions that reflect what someone’s already provided on their application. Without wasting any time, the chat bot asks the candidate for new information, speeding up the entire process.”
Trustpair, a leading payment fraud prevention platform for large companies worldwide, today announced its recognition as an SAP Spotlight Partner App. Trustpair is now listed among the top 50 apps globally on the SAP Store.
The platform was selected as a Spotlight Partner for its proven ability to help companies fight the growing risk of vendor payment fraud through automatic international account validations. Spotlight Partner apps are validated by SAP and are selected for providing strong performance and outstanding customer support.
“We’re thrilled to be selected by SAP as a top partner. Our recognition as a Spotlight Partner is a testament to the business criticality of vendor payment fraud prevention. Fraudsters are increasingly becoming more sophisticated in their ability to usurp suppliers’ identities and intercept their payments. Companies can fight back by strengthening their account validation processes and data reliability across the procure-to-pay chain, which are two areas in which our native integration with SAP helps solve,” said Baptiste Collot, co-founder and CEO of Trustpair.
Trustpair helps more than 250 large global companies prevent vendor payment fraud across the entire procurement process with access to the most reliable third-party data worldwide. Trustpair’s platform monitors millions of data points from internal and external data sources and provides real-time international account validation at various points in the supplier lifecycle. Companies can continuously monitor and enrich their vendor data with Trustpair and get a complete view of their fraud risk.
Andonix, a leader in smart technology solutions for the manufacturing sector, today announced its recognition in Fast Company’s third annual Next Big Things in Tech list. This honor is awarded to breakthrough technologies that are set to redefine various industries, from healthcare and security to AI and data.
This year, 119 technologies developed by established companies, startups, or research teams are featured for their innovative advancements and potential to influence consumers, businesses, and society. While not all are currently in the market, each is reaching critical milestones to make a significant impact within the next five years.
Andonix leads in AI-integrated manufacturing. Our tech streamlines operations empowers workers, and enhances productivity. Fast Company’s recognition validates our industry-transforming innovation”— David Yanez, Andonix CEO
Andonix’s AI-Powered Platform, Andi, stands at the forefront of this technological revolution, seamlessly integrating data from various sources like PLCs, IIoT Sensors, ERPs, MES, and wearables. Andi is much more than a data integration platform; it’s a powerhouse of AI-driven capabilities. With a vast knowledge base of over 1000 manufacturing skills, Andi is adept at various tasks across the manufacturing spectrum. What sets Andi apart is its advanced AI, which can learn from experienced workers and assimilate institutional knowledge from manuals and handbooks. This continuous learning cycle allows Andi to adapt and evolve, making it a critical tool for frontline workers and managers in manufacturing. Andi simplifies complex manufacturing challenges, democratizing AI in the sector and providing real-time, actionable insights for immediate decision-making.
With every technological innovation comes a downside; in the world of AI and its generative iteration, KM professionals must strike the balance between enhancing workflows with AI and protecting their enterprise against the risk of open generative AI (GenAI) solutions.
Experts from Pryon joined KMWorld’s webinar, Navigating the Risks of Generative AI for Knowledge Management, to explore how Pryon’s AI knowledge management platform can aid in achieving that risk/reward balance when implementing GenAI in the workplace.
Chris Mahl, president and COO at Pryon, introduced Igor Jablokov, founder and CEO at Pryon, who explained that “while generative AI is transformative in certain public, imaginative, and creative use cases, there is certain issues associated with them showing up in more enterprise contexts.”
Upon inspecting these technologies, Jablokov continued, there is an extensive list of dangers, which include:
- Frequent hallucinations
- Static training data
- Problems memorialized in code
- High risk of data leakage
- Vendor lock-in
- Reverse engineering
- Lack of user access control
- Prompt injection attacks
- Supply chain attacks
- Universal and transferable adversarial attacks
- Copyright legal gray area
- Legal constraints
- Toxic and biased responses
- Limitations of monolithic LLM architecture
- Extensive energy consumption
- Model collapse
- Model drift
- Poisoned training data
This laundry list of potential risks in implementing GenAI for proprietary use cases illustrates that while the technology is exciting, it’s not without its drawbacks. For instance, static training data—which limits an LLM to outdated information—can prevent the language model from outputting the most up-to-date information. Furthermore, models will not reliably “forget” wrong or outdated information, ultimately reducing overall model performance, according to Jablokov.
Outside of accuracy, GenAI poses unique privacy concerns in enterprise contexts. Leaking sensitive proprietary data, vendors using that data to train an LLM, masked queries revealing the content an LLM is trained on, and more can land an enterprise vying for innovation in hot water.
Enter Pryon, a platform purpose-built to eliminate the risks posed by purely generative approaches. Pryon transforms static content into interactive knowledge, ingesting information of any classification—including public, personal, published, and private content—and eliminating the distance between critical information and those who need it most.
Pryon reduces risk of hallucinations and bias, while simultaneously employing document-level access controls and RAG methodology that does not require model training on user queries. Enterprises have full control of the knowledge set available to the models, as well as access to various tools that enable additional control over responses.