5Analytics, a Stuttgart and Düsseldorf, Germany-based provider of an operating system for artificial intelligence, secured €800k in financing.
Backers included Wayra, High-Tech Gründerfonds (HTGF) and MBG Mittelständische Beteiligungsgesellschaft Baden-Württemberg.
The company plans to use the capital to expand its team, develop its products and acquire new clients.
Led by Dr. Sebastian Klenk, Managing Director, 5Analytics offers an operating system for artificial intelligence which can be used across all industries, allowing companies to automate processes in an existing, in-house IT landscape. The company’s AI platform takes on all tasks from scaling, authentication, authorisation and connection management to the abstraction of existing data sources.
Through its Analytical Insights Center, Telefónica Germany was the first major client of 5Analytics. The AIC makes company, market and competition data available for everyone, immediately.
In addition to Telefónica Germany, 5Analytics counts pharmaceutical company Merck KGaA and document management service provider TA Triumph-Adler among its clients.