VR VENTURES AND FUTURY INDUSTRY VENTURES INVEST IN PALTURAI
Palturai GmbH, developer of Europe’s leading graph intelligence platform, has closed a €4 million funding round. The main investor in the Series A round is VR Ventures. Pan-European Industry 4.0 investor Future Industry Ventures (FIV) also participated. Both use the Redstone platform, a fast-growing VC service provider from Berlin.
Growth is the focus of the investment
Palturai has a clearly defined goal in mind: growth! The Hofheim am Taunus GraphTech company will use the fresh capital to expand existing products, deepen integration with SAP and Salesforce, and drive operational expansion in the US. Palturai’s innovative BusinessGraph technology makes global business networks transparent, and allows organizations to visualize and analyze the relationships of customers and business partners in their respective ecosystems.
“Palturai has developed the perfect model for our market”
“Companies still store their customer data like “digital index cards”. Intelligently linking business data is still a major challenge in many industries. In particular, KYC procedures, which are common and mandatory throughout the financial services and venture capital sectors, are cumbersome and time-consuming, but essential. We think Palturai has developed the perfect model for our market and is therefore an excellent fit for VR Ventures,” comments Samuli Sirén IC member at VR Ventures.
BusinessGraph technology — guarantor of success for numerous industries
In addition to the traditional financial sector, diverse other industries benefit from Palturai’s BusinessGraph. The innovative technology enables them to make better and faster decisions, reduce transaction costs, simplify compliance and risk management tasks, accelerate sales processes and market interactions, and improve the quality of master data in operational applications.
Highly accurate data visualization critical for investment
“Palturai sources its data from authoritative sources and uncovers business relationships typically not found in social networks,” says Philipp von Hagen, Managing Partner of FIV. “Integrating Palturai BusinessGraph intelligence about decision makers and ownership structures into core business processes improves relationship management, enhances efficiency, reduces risk and strengthens business integrity.”
Networks are a key contributor to business success
“With the investment, we can continue to pursue our vision of making thinking in networks the foundation of successful action in companies. We are working intensively on the further development of our BusinessGraph technology and are pleased that we were able to find the right set of investors in VR Ventures and Future Industry Ventures,” adds Co-Founder & CEO of Palturai Tilo Walter.