Tech
Paretos is a German AI-based software-as-a-service startup. Check out the pitch deck it used to raise $10.5 million.
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- Paretos is a German AI-based software-as-a-service startup.
- It recently raised 6.5 million euros in a second seed round.
- Insider has an exclusive copy of the pitch deck it used to raise the funds.
This is an edited, translated version of an article that originally appeared on September 20, 2022.
Paretos is an AI-based software-as-a-service startup based in Heidelberg, Germany that Fabian Rang and Thorsten Heilig founded.
Its platform helps companies use predictive data science to solve complex problems, removing the need to hire their own team of data scientists.
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It does this by using existing company data to create forecasts and impact analyses, helping companies make better business decisions.
The company’s website says that this is designed to allow “any business to benefit from cutting-edge AI technology just as the leading tech giants do.”
The founders launched the software in August 2021, quickly raising 3.5 million euros, or around $3.68 million, in a seed round.
The company has just increased their total funding to 10 million euros, which is around $10.5 million, through a second seed round of 6.5 million euros, or around $6.84 million.
The funding came from UVC Partners, LEA Partners, and Interface Capital. Hannes Ametsreiter, a business angel and the CEO of Vodafone Germany, also took part in the funding round.
Insider has an exclusive copy of the pitch deck that Paretos used to raise the funds.