Datamotor gets fresh capital from ISB
Investment and structural bank from Rhineland-Palatinate participates in analysis start-up from Mainz
The Venture Financing Company for Technology Promotion in Rhineland-Palatinate (WFT), a subsidiary of the Investment and Structural Bank Rhineland-Palatinate , is investing in the start-up Datamotor from Mainz with funds from the Innovation Fund II. The young company offers an AI-based software solution for companies to link internal and external data.
Focus on AI application
The start-up’s software evaluates data with algorithms and prepares them graphically so that fact-based decisions can be made in companies more easily. Companies can use it to understand their customers better, place products on the market in a more targeted manner or develop more competitive product ranges. “Our focus is clearly on the application of AI. We offer companies and decision-makers, regardless of statistical knowledge, access to the possibilities and opportunities that open up through the efficient use of artificial intelligence, ”explains Dr. Rene Sehi, who runs the start-up together with Günter Althaus, Prof. Dr. Jörg Funder and Dr. Houssam Jedidi
Ten investment funds for innovative start-ups
The Rhineland-Palatinate II Innovation Fund, which is a funding measure of the Rhineland-Palatinate Ministry of Economics, Transport, Agriculture and Viticulture, is co-financed by the European Union. “The innovative business idea as well as the technical and economic implementation convincde us. We look forward to working with them, ”said Mike Walber, Head of Venture Capital at ISB. The bank’s venture capital division currently invests over ten investment funds in the development and market launch of innovative products and services.