The AI start-up helps companies utilize their data to make the best possible decisions under all circumstances.

Scavenger AI receives 1.1 million euros from High-Tech Gründerfonds (HTGF), Calm/Storm Ventures, Femventix, and the B4i Investment Fund. The fresh capital will be used to launch the first version of the software and serve customers on the waiting list.

Frankfurt, April 11, 2024 – The German data analytics and AI start-up Scavenger AI secures its pre-seed funding in the first quarter of 2024. A total of 1.1 million euros was raised under the leadership of HTGF together with Calm/Storm Ventures, Femventix, and the B4i Fund to enable companies to conduct complex data analyses in just a few seconds.

Companies are generating more and more data – but often lack the time and especially the resources to turn this data into concrete recommendations for action. As a result, it becomes even harder for companies to make informed decisions when they are lacking the necessary information.

This is why Scavenger AI has developed three proprietary AI tools that are interconnected in a workflow and solve companies' problems within seconds.

“We are particularly pleased to have such renowned investors on board who support us in our mission to help companies make the best possible decisions based on their data under all circumstances.”

– Maximilian Hahnenkamp & Felix Beissel, founders of Scavenger AI

Scavenger AI cleanses data, automatically analyzes it statistically, and presents the results – including the answer to the underlying problem – in simple language and visually formatted.

The start-up was previously supported by Cataligent and is now using the new funding to expand the team and further develop the technological infrastructure to meet current customer demands and bring the software to market.

“AI makes companies more efficient, and Scavenger AI is on the right track to revolutionize how companies can gain unbiased insights from their data. I was particularly impressed by the technical solution, which already creates great value for its customers.”

– Kilian von Berlichingen, Senior Investment Manager at HTGF

“We primarily invested in a strong, young, and ambitious team led by Maximilian and Felix, who know exactly what it takes to be successful! With Scavenger AI, they are pursuing the mission to revolutionize how companies think and act.

The AI technology they have developed will make it easier for companies to solve daily business challenges faster and easier, as well as to develop actionable, data-driven insights more efficiently.”

– Carina Roth, Investment Manager at Calm/Storm