Funds for German Decision Intelligence Firm paretos

In Heidelberg, Germany, decision intelligence solutions provider paretos has raised EUR 8.5m in a Series A funding round, with which to accelerate growth.

paretos' AI-based software helps companies to analyse complex data 'quickly and reliably', generate forecasts and prioritise actions via a no-code interface and simple integration solutions. The company was founded in mid-2020 by CTO Fabian Rang and CEO Thorsten Heilig (pictured), and makes use of deep learning and machine learning methods to help both technical and non-technical users make data-driven business decisions.

The funding was led by Acton Capital, with participation from existing investors UVC Partners and LEA Partners, plus a number of funds and angel investors.

Fritz Oidtmann, Managing Partner at Acton Capital says decision intelligence software such as that produced by paretos is 'the game-changer for real-world AI application'. Heilig comments: 'Our platform typically delivers an ROI of over 100% in the first year and generates business impact worth millions. With the support of our investors, we aim to expand our technological lead. Currently, many companies in Germany and Europe are facing significant pressure. We offer them a powerful tool to address urgent challenges - from evolving customer demands to complex supply chains, and cost and efficiency pressures'.

The firm is online at www.paretos.com .

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