Soley GmbH, a Munich, Germany-based engineering intelligence company, received a funding of undisclosed amount.
Backers included a consortium of business angels and High-Tech Gründerfonds.
Led by Dr. Bergen Helms and Dr. Maximilian Kissel, Executive Directors, Soley is developing and marketing analytics software to improve the decision process in engineering, even in complex situations. It allows developers to understand and manage large quantities of data and dependencies in their processes and products more quickly by automating data preparation, analysis and visualization.
A spin-off from TU München in 2013, Soley uses semantic graph technology to combine a variety of data. Possible applications of the software are growing. These include variant management, portfolio management, change management and other areas of application.
Customers include SMEs and large companies in a variety of sectors, such as automotive, electrical engineering, machine tools and packaging industries. In other areas, there is growing interest in the new software technology for automating network analyses, including logistics, insurance, pharmaceuticals and media.