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Scavenger AI raises €1.1M in Pre-Seed funding led by HTGF to revolutionize data analytics for companies

Apr 11, 2024over 1 year ago

Amount Raised

€1.1 Million

Round Type

seed

BerlinArtificial IntelligenceSoftwareAnalytics

Investors

B4i FundFemventixCalm/Storm VenturesHtgf

Description

German startup Scavenger AI has secured €1.1 million Pre-Seed funding to expand its team, develop the technological infrastructure to meet current customer requirements, and launch its software.

Company Information

Company

Scavenger AI

Location

Berlin, Berlin, Germany

About

We transform your data into actionable insights. Scavenger helps you to harness the power of AI-driven data analytics and dive deep into unparalleled precision for your decision making. A three-tiered system begins with sanitizing raw data, ensuring consistency and accuracy. This refined data then undergoes deep statistical analysis to discern patterns and insights. Finally, AI translates these insights into actionable recommendations, complemented by intuitive visual aids.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers