Paretos, a Heidelberg, Germany-based AI-based decision intelligence platform to make effective, data-driven decisions across entire organizations, announced that it has extended its seed funding round to €10 million.
UVC Partners led the round, with participation from existing investors, LEA Partners, and new business angels like Niklas Jansen and Christian Reber via Interface Capital and Hannes Ametsreiter.
Paretos evaluates all existing company data and prepares the entire process from data analysis to decision recommendation via a modern, easy-to-use no-code interface so that even the most complex challenges can be fully automated, saving companies time and money.
“With our AI-powered prediction and optimization approach, making business decisions is better, faster, and more scalable than ever before,” explains Co-Founder and CEO Thorsten Heilig. “This enables teams and organizations to tackle dynamic and complex problems autonomously and on demand—all without having to build additional data science resources.”
With the extended seed financing, paretos is already positioning itself firmly within this rapidly growing business environment. The first highlight for the company is that Paretos will co-host trade/off-The Decision Intelligence Summit on November 22, 2022, in Berlin.
Company: paretos GmbH
Round: Seed Round
Funding Month: September 2022
Lead Investors: UVC Partners
Additional Investors: LEA Partners, Interface Capital from Niklas Jansen (Blinkist) and Christian Reber, and Hannes Ametsreiter
Company Website: https://paretos.com/
Software Category: AI-based decision intelligence platform
About the Company: Founded in mid-2020 by Fabian Rang and Thorsten Heilig, Paretos is an AI-based decision intelligence platform to make effective, data-driven decisions across entire organizations, enabling business users to evaluate complex data, predict future scenarios and take optimal actions via a no-code UI and integrations with no prior data science knowledge needed. Using the latest machine learning methods, the start-up supports companies by exploiting their business potential in the best possible way without relying on data science expertise. With its end-to-end software, Paretos has already gained renowned enterprise and scale-up customers such as Accenture, Goldgas, and one of Europe’s largest parcel delivery companies, as well as emerging companies such as Purelei, SNOCKS, and Bitterliebe. The goal of the founding team is to become the number one in the field of dynamic prediction and optimization as a service for innovative medium-sized companies, start-ups, and large corporations.