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Just the beginning…

Nov 14th, 2019 marked the culmination of our three months long Experience Management accelerator program, in close collaboration with SAP Customer Experience & Qualtrics. However this is just the beginning of a long term relationship with these startups. Over 100 people gathered (regardless of the rain!) to celebrate the graduation of SAP.iO Foundry San Francisco’s Experience Management Cohort. It was a great moment for our startups to present in front of an audience that was a mix of SAP Executives, SAP Customers, Startup Founders, Ventures Capitalists & industry experts. The following startups presented:

  • Askdata: Powerful Natural Language engine turns text questions into queries that search across enterprise data for the best answer.
  • Breinify: Makes any marketing system smarter by adding individualized & time driven predictions to drive spur-of-the-moment purchases.
  • Constructor: AI-first Commerce search and discovery solution that learns from usage to increase personalization and conversion rates.
  • Findmine: Increases Commerce basket sizes by using ML to generate and display product collections that can be used together.
  • Idiomatic: Easily identify top product and service issues by analyzing large amounts of customer interactions with AI/ML
  • Setsail: Accelerate pipeline and flexibly drive strategic priorities using SetSail’s weekly sales incentive system
  • Wisy: Gathers unique consumer and market insights for brands and retailers while increasing consumer engagement via mobile experiences.

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Cultivate Raises $8M to Bring Scalable AI-Driven Leadership Coaching to the Enterprise

People mingling in conversation

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.

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Reimagining Retail: How FINDMINE is using AI to enhance customer experience

“As a consumer, I was always frustrated that when I’d buy a product, there was always more work for me afterwards. If I bought a skirt, I’d have to figure out how to wear it in an outfit. If I bought a couch I’d have to figure out what rug and throw pillows would look good with it and then buy those things. If I bought a new set of trims for my bathroom I’d have to search for the valves that would fit,” says Michelle Bacharach, founder and CEO of FINDMINE.

She discovered that when it came to recommending products to customers, retailers still relied heavily on manual processes. For instance, while brands know which products might be complementary — which pair of shoes would look great with the bag you’ve just added to your cart and which scarf, jeans or shirt would complete the look — they were just not very good at prompting the customers towards the right purchase. That’s where FINDMINE comes in.

FINDMINE uses AI to help customers “complete the look” and provides retailers an easy, efficient and scalable way of communicating that to customers. “Our engine shows consumers a little recipe for how to use each product they’re buying.” For brands and retailers using FINDMINE, the impact has been incredible. “For our customers the value is threefold. First, we’re helping them gain efficiency in their operations by spending fewer manhours in merchandising. Second, the overall brand experience is augmented for the customer, building loyalty. Third, FINDMINE helps generate revenue, in some cases as much as $60 million for a customer — because we help consumers make the right buying decisions.”

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B2B Growth Opportunities in Southeast Asia

Asia’s startup ecosystem had been on the ascendance over the past few years. According to a study backed by Vertex Venture Holdings and Preqin, Asia could overtake North America as the epi-center for venture capital funding next year. Asia VC funds had USD 323 billion worth of assets under management (AUM) at the end of last year vs North American VC funds which had USD 397 billion. With more unicorns in China than the US, it is not surprising that the bulk of the Asian funds are focused on China. However, Southeast Asia already have USD 28 billion AUM and attracting Chinese and Japanese investors to the region.

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Making innovation real at Intelligent Enterprise Demo Day

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.

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Launching the 3rd SAP.iO Foundry Paris Cohort on GreenTech and Sustainable Enterprise

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

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Asia set to eclipse US as world’s venture capital powerhouse

Southeast Asia also enjoys strong government backing for entrepreneurship, backed by a rising, affluent, middle class, said Scott Russell, president for Asia Pacific Japan at German software provider SAP, whose SAP.iO Foundry fund based in Singapore is in the process of accelerating seven early-stage startups. “We see innovative and ambitious startups developing across the region,” said Russell. “This is driving deal flow and overall interest from venture capitalists to invest.”

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AI-based chatbot Niki to add seven more Indian languages

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.

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