Soley, a Munich – Germany-based provider of smart data analyses and complexity management solutions, completed a Series A financing round.
The amount of the deal was not disclosed.
Backers included new investors BayBG and Vito Ventures, business angels and existing investor High-Tech Gründerfonds (HTGF).
The company intends to use the funds to expand its solution.
Led by co-founder and CEO Dr. Bergen Helms, Soley provides a software-based analysis solution that allows industrial companies to manage complexity in their product portfolio. The platform links relevant data on a company-wide basis from development, purchasing, warehouse, production and sales and automates time-consuming work steps, thus enabling product managers to optimize and maintain their entire portfolio in the shortest time possible.
The company’s solutions are already in use at numerous industrial companies, including Festo and MAN.