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Trail closes €1.45M in pre-seed funding led by CapitalT to build trustworthy AI solutions

Jul 11, 2024•over 1 year ago

Amount Raised

€1.45 Million

Round Type

seed

MunichMachine LearningArtificial IntelligenceSoftware

Investors

Common MagicMozilla VenturesNp Hard VenturesCapital T

Description

Munich-based trail, founded by TU Munich alums, has closed €1.45 million in pre-seed funding. The round was led by early-stage investor CapitalT, with participation from NP-Hard Ventures, Mozilla Ventures, Common Magic, and various business angels. The fresh capital will help accelerate trail’s product development, expand its talented team, and strengthen its market position as the go-to solution for AI governance in Europe.

Company Information

Company

trail

Location

Munich, Bavaria, Germany

About

Trail is a Munich-based company founded in 2023 by Anna Spitznagel, Nikolaus Pinger, and Sven Hölzel. The company focuses on building a developer-friendly platform for scalable, trustworthy AI development, addressing the urgent demand for AI governance. Trail aims to empower companies committed to AI quality and trust, enabling responsible AI development and use without additional overhead.

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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