Impact.AI, a Linz, Austria-based startup that offers a modular AIProductOps platform, closed a €1.5 million pre-seed funding.
SaaS Investors
The fresh investment was led by several individual investors, Austrian VC fund 4u-ventures, Vienna-based investment organization mpoweru GmbH Ali Rezaei Ashtiani, and funding agencies Austria Wirtschaftsservice and FFG Austrian Research Promotion Agency.
Founded in 2020, 4u-Ventures is a venture capital firm based in Pfaffstatten, Austria. The firm prefers to invest in early-stage companies and startups. The firm seeks to make seed round investments and is majorly interested in long-term investing.
Austria Wirtschaftsservice (AWS) is a government agency based in Vienna, Austria. Established in 2002, the firm operates as a financing institute of the federal government. The agency supports Austrian companies in the preparation and implementation of project financing by securing against the associated economic risks.
Ali Rezaei Ashtiani, is a managing partner at mpoweru GmbH, a Vienna-based investment organization.
The Austrian Research Promotion Agency is an organization for the promotion of research and innovation in the field of applied and industrial research in Austria and is 100% owned by the Republic of Austria
Impact.AI Use of Funds
The company will use the funds for the development of its modular AIProductOps platform.
About Impact.AI
Impact.AI was founded in September 2022 by Anna Maria Brunnhofer-Pedemonte and Justin Bercich. The company provides an automated AI governance and quality assurance tool that identifies key business success metrics, including product changes, customer segments, and go-to-market actions. The solution helps oversee and optimize various aspects of AI products, ensuring compliance with legislations, standards, and principles for responsible development.
Funding Details
Company: Impact AI GmbH
Raised: €1.5M
Round: Pre-Seed Round
Funding Month: November 2023
Lead Investors: 4u-ventures, mpoweru GmbH Ali Rezaei Ashtiani, Austria Wirtschaftsservice and FFG Austrian Research Promotion Agency
Additional Investors:
Company Website: https://impact.ai/
Software Category: AIProductOps Platform
Source: https://ain.capital/2023/11/21/austrian-impact-ai-announces-a-e1-5m-pre-seed-funding/