Hamburg-based SaaS startup nuvo has raised €3 million in seed funding. This investment is set to boost their AI-powered data onboarding solutions. Leading the round was La Famiglia, known for investing in Mistral AI and EthonAI. The funding also saw participation from new and existing investors including FoodLabs, APX, Collective Ventures, Exxeta Ventures, and various business angels.
The birth of an idea
Founders Ben Hartig and Michael Zittermann initially conceptualized nuvo to solve data import challenges faced by businesses. They observed companies struggling with restructuring messy spreadsheets received from clients. This process often resulted in numerous reformatting cycles, wasting months of time and resources.
nuvo, spun out of a former marketplace business, offers a universally applicable platform. It uses AI to map and transform any data into desired structures and formats. Their goal is to provide optimal import solutions for onboarding customer data.
Growth & development
Since its inception in 2022, nuvo has expanded its client base across various market segments. Notable clients include RiskMethods, Sastrify, Lano, and FMS Logistics.
Ben Hartig, nuvo’s CTO, emphasizes the platform’s capabilities: “The complexities involved in onboarding data from various files and structures are enormous. With our AI algorithms, we strive to automatically handle every unique use case, thereby enabling all our customers to transform their external data into valuable assets,” he says. “Once our SDK is implemented in our client’s application, it covers even the most complex edge case, freeing valuable development resources to focus on building core functionality.”
Expansion plans & compliance
The new funding will be used to further develop nuvo’s AI algorithms, strengthen its position in Europe, and facilitate global expansion. The startup aims to develop its AI-powered API for external imports, allowing software companies to seamlessly integrate customer data.
Thanks to our unique front-end processing, we naturally adhere to Europe’s strict GDPR laws by not processing any of our customers’ sensitive data. We will continue building the most comprehensive API for file-based data while aiming to be the most secure and compliant solution for our customers.
CEO Michael Zittermann
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