Funding Round attributes
German AI startup paretos has recently raised €8.5 million in a Series A funding round led by Acton Capital, with participation from UVC Partners, LEA Partners, and Interface Capital. Based in Heidelberg, paretos specializes in decision intelligence technology that leverages artificial intelligence to support complex business decision-making. The platform is designed to optimize operations and improve business efficiency by generating actionable insights.
This new funding will support paretos’ growth, enabling it to enhance its platform’s capabilities and broaden its market reach. The decision intelligence platform is already utilized by prominent clients, including HelloFresh and Otto Group, which rely on its AI-driven solutions to optimize supply chains, improve ROI, and make data-informed decisions. In a recent statement, paretos CEO Thorsten Heilig highlighted the platform’s value in today’s challenging economic climate, noting its potential to empower companies with efficient and effective decision-making tools. Fritz Oidtmann, managing partner at Acton Capital, echoed this sentiment, emphasizing the importance of data-backed decisions in navigating economic uncertainty and driving business growth.
The Series A funding will focus on expanding paretos’ product offering, building its market presence, and advancing its proprietary AI technology. This aligns with paretos’ vision of establishing itself as a leader in the decision intelligence space, particularly in sectors where data-driven choices significantly impact operational efficiency and financial outcomes.
