Innaas, a Rome, Italy-based provider of Performance Management as a Service solution, raised €100k in seed funding.
TIM Ventures, the seed investment arm of Telecom Italia focused on digital startups, made the investment.
The company plans to use the funds to continue to develop the product and expand operations.
Led by Simone Di Somma, founder, Innaas provides a SaaS-based performance management platform that allows enterprises to collect and analyze data, define activities which ensure that their goals are being met effectively and efficiently, take data driven decisions, improve the business and quickly create new product/services.
The data platform can be deployed to integrate data and other digital assets.
The company participated in the 2014 edition of TIM #Wcap, the accelerator of Telecom Italia, and its algorithm was used to analyze TIM Stadium’s platform data.