Scavenger AI receives €1.1 million for data-driven decision-making

With three proprietary AI tools, Scavenger AI offers an efficient solution for companies to analyze complex data in seconds and make informed decisions.

The German startup Scavenger AI has secured €1.1 million in pre-seed funding in the first quarter of 2024. The capital was raised under the leadership of High-Tech Gründerfonds (HTGF) and other investors such as Calm/Storm Ventures, Femventix and the B4i Investment Fund. The aim is to enable companies to make faster and more informed decisions through complex data analysis.

Efficient solution for companies

At a time when companies are generating more and more data but often struggle to use it effectively, Scavenger AI is a solution. The startup has developed three proprietary AI tools that help companies get answers to complex questions in seconds.

We have primarily invested in a strong, young and ambitious team, led by Maximilian and Felix, who know what it takes to win!

Carina Roth, Investment Manager at Calm/Storm

Scavenger AI's software automatically cleanses and analyzes data and presents the results in understandable language and graphically. This allows companies to quickly access relevant information and make informed decisions.

What particularly impressed me was the technical solution behind it, which is already creating great added value for customers.

Kilian von Berlichingen, Senior Investment Manager at HTGF

Expansion and technological development

Scavenger AI plans to use the fresh capital to expand its team and develop its technological infrastructure in order to meet growing customer demand. The startup was previously supported by Cateligent and is now ready to launch its software on the market.