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Cato raises €6M to expand its AI platform for public sector sales. The funding round was led by Keen Venture Partners, with participation from existing and angel investors.
Cato has secured €6 million in seed funding to enhance its AI platform aimed at assisting businesses in competing for public tenders. The investment was led by Keen Venture Partners along with existing investors and angel supporters. This funding follows a pre-seed round and increases Cato's total funding to €7.6 million. The company aims to automate the tender process to ease competition for contracts.
Company Information
Company
Cato
Location
Italy
About
Cato is an Italian AI company that develops a platform to assist businesses in finding, analyzing, and competing for public tenders. Their technology aims to automate certain aspects of the public procurement process, facilitating the handling of large amounts of tender information. The platform ranks tenders based on relevance and aids in bid preparation while ensuring final submissions remain under customer control. Cato supports a wide range of industries, from SMEs to large companies, in navigating the complexities of public contracts.
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ItalyArtificial Intelligence