KYP.ai, a Cologne, Germany-based Productivity 360 plug-and-play cloud platform that provides data-driven insights for process automation, raised €17.5 million in Series A funding.
The round was led by OTB Ventures, with participation from existing investors 42CAP and Tola Capital.
OTB Ventures is a leading venture capital firm focused on DeepTech in Europe with a unique access to Central and Eastern Europe (CEE) talent pool, investing in early growth, high-tech start-ups that are developing unique and defensible technologies. It is currently the largest vc originating from the CEE, managing over $300m. OTB Ventures has offices in Amsterdam (Netherlands) and Warsaw (Poland).
KYP.ai Use of Funds
The funding will support the expansion of KYP.ai's latest feature, GenAI opportunity identification, and enable the company to scale operations in the United States. It will also help KYP.ai expand its customer base as it grows in Europe, India, Singapore, and China.
KYP.ai is a SaaS company that specializes in productivity mining, which involves analyzing data to optimize processes and make data-driven decisions. Founded in 2018 and headquartered in Germany, KYP.ai applies artificial intelligence (AI) to collect and surface impactful productivity insights for leading enterprises such as DHL, Mindsprint BPS, Hollard, Qinecsa, Allied Global, and Alorica to improve their top and bottom line. With a multidimensional approach, KYP.ai helps companies get a 360-degree view, connecting the dots and navigating the complexities of today’s business landscape.
Company: KYP.ai GmbH
Round: Series A
Funding Month: September 2023
Lead Investors: OTB Ventures
Additional Investors: 42CAP and Tola Capital
Company Website: https://kyp.ai/
Software Category: Productivity Platform