Funds for German Decision Intell App Aily Labs

Munich-based Aily Labs, provider of an AI-powered decision intelligence app for global enterprises, has raised EUR 19m in Series A funding. Money will be used to scale operations and accelerate innovation, and to expand the firm's presence in the US.

Founded in 2020, self-funded to date and led by CEO Bianca Anghelina, Aily is a mobile-first AI decision intelligence app improving the way performance is tracked and commercial decisions are made within global business. The app promises a 360 degree integrated view of enterprise data and taps advanced AI/ML techniques to offer users 'rich, real-time insights'.

The round was led by global software investor Insight Partners. Anghelina comments: 'AI is about innovation at lightning speed and is at the heart of our product. The speed to integrate our app can be as fast as one day, giving instant data transparency across the entire business... We're thrilled to be supported by Insight Partners to boost our next growth phase to become the no.1 AI decision intelligence platform'.

'Aily Labs is the future of how decision-making happens' says Hilary Gosher, Insight Partners MD. 'By creating a single source of truth for cross-enterprise data, Aily ensures that individuals from analysts to executives have real-time, AI-driven insights and 'what-if' scenarios to make better-informed business decisions'.

The firm is online at www.ailylabs.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.