Scavenger AI secured €1.1 million to develop its AI-powered business consultant
Scavenger AI announced a successful 1.1 million EUR pre-seed funding round led by HTGF and backed by Calm/Storm Ventures, Femventix, and the B4i Fund. The secured funds will enable Scavenger AI to grow its team and infrastructure, as well as launch its AI-powered software solution.
The pre-seed funding round was led by HTGF jointly with Calm/Storm Ventures, Femventix, and the B4i Fund. Scavenger AI is a German data analytics and AI startup working on an AI-powered business consultant that will enable enterprises to solve complex data analytics challenges in seconds and accelerate essential decision-making processes. Scavenger AI's solution follows a workflow based on three AI-powered tools that clean, analyze, and interpret data to provide clear answers in natural language. Where mathematical results are required, Scavenger presents them as a data-enriched dashboard. The company plans to invest the raised funds to expand its team, establish the necessary technological infrastructure to meet customer demand, and launch its AI-powered software solution.
