Eight Hamburg based startups have been selected to be part of a model aimed at promoting AI technologies are entering into the five months long curriculum today. Coined “AI.STARTUP-HUB Hamburg” and financed by the German Federal Ministry for Economic Affairs, the program’s goal is to connect and boost startups like
Dealcode, repath or Katulu, create increased awareness around AI and internationalize the “ideas made in Germany”. Hamburg is one of four AI-hubs nationwide and will receive 3.8 million Euro from the Ministry in order to increase visibility of artificial intelligence technologies.
The selected companies tackle a wide range of problems using AI, from data privacy or the mitigation of climate risks to optimized sales processes. Dealcode for example develops and sells a machine learning algorithm that automatically guides sales teams towards faster closing of better deals, overall raising success rates and revenues. Dealcode’s AI analyzes past sales transactions and uses predictive analytics in order to detect patterns that allow for individualized, specific guidance. The company has raised a €1 million pre-seed round in December 2021 and already realizes six-figure sales. Being part of the AI.STARTUP.HUB could not come at a better time: Dealcode is working on internationalization and looks to expand to other European markets as well as to the US as soon as possible.
“We believe AI to be a key technology that will radically change how we do business in the future. AI guided selling is a megatrend because sales automation allows for more efficient client interactions - but makes staying on top of all of the different data points challenging for humans alone”, says Alexander Weltzsch, CEO and co-founder of Dealcode. “We are super excited for this knowledge transfer between other AI companies as well as the programme’s countless experts. More visibility for AI in Germany will increase everyone’s chance at success.”
Industrial processes also utilize huge amounts of data which often raises challenges around data privacy. Katulu is working on a solution to this problem: Using AI, they are building an ecosystem that allows companies to collaborate in the name of innovation without the risk of giving away their trade secrets by oversharing data. Just like climate tech-startup repath (who have just won the international E.ON Start-Up Challenge category “climate risk”) Katulu has been chosen to participate in the AI.STARTUP.HUB. repath has dedicated itself to finding an innovative solution to making companies more sustainable. They have developed a platform that allows for an AI based analysis of globally operating, complex systems like supply chains or energy networks in the face of (growing) climate risks. The result: platform and location specific guidance to mitigate exposure.
“Analyzing climate risks involves vast amounts of data points and we rely on AI to be able to provide better results in our reports. Our platform automatically suggests measures to mitigate risks to a supply chain through climate change related issues for example - which we wouldn’t be able to do as precisely without the use of machine learning technologies”, says Sebastian Bartels, co-founder and CTO of repath. About Dealcode
Dealcode visualizes the probability of successful deal closure as well as risk factors in b2b sales, thus sparing companies the costly use of internal data scientists. Dealcode is the first tool to analyze more than 150 attributes from existing CRM and third party systems via machine learning in order to suggest a personalized pathway to success in sales. Using Dealdode results in a measurable increase in revenue by focusing sales teams on the most promising clients and deals. Dealcode was founded in Hamburg, Germany in April 2021 and considers itself a European tech brand - both with regards to its values as well as with its stance towards data privacy.
repath allows companies to view, analyze and mitigate future climate risks (caused through extreme weather phenomena for example) threatening location specific systems like supply chains or networks. Using AI technology, climate science insights are transformed into viable and actionable guidance. Having worked at Climate Service Center Germany (GERICS), the founding team understood that existing climate data too often is neither legible nor tangible enough to allow companies to take mitigating action. repath tackles this challenge in close cooperation with clients like Siemens Healthineers, E.ON and Hapag-Lloyd.
Katulu specializes in AI-technology for “Industrie 4.0”, focusing on data sovereignty for all its users. The Hamburg based startup has been connecting industrial machines since 2018 in order for clients to utilize smart services without the risk of data breaches or oversharing trade secrets. Katulu’s solution aims to increase industries’ use of AI generally by allowing for collaboration between companies without the need to share data that often is privileged information.
email@example.com +49 151 1756 3863