Based out of Berlin, Merantix, a venture studio building AI companies, has secured €25 million led by Trusted Insight, the Robert Wood Johnson Foundation, the W.K. Kellogg Foundation, as well as further family offices from Europe.
As per the company claims, the funds will serve to finance the next batch of AI companies after having already successfully built three companies over the last three years.
Co-founder Adrian Locher said :
Underpins Europe’s competitive ability with regards to new transformative technologies and validates the innovative potential of Berlin. We are very excited to spearhead AI’s incredible value potential and are eager to build more disruptive companies with our amazing team.
Co-founder, Rasmus Rothe said:
The limits of AI’s potential are yet to be discovered. But while research has progressed significantly over the last years, transferring know-how into real-world applications turned out to be more challenging. This is where Merantix comes in.
Founded by Adrian Locher and Rasmus Rothe in 2016, this German company conceptualize, build, and scale machine learning companies through their unique incubation environment which is built on trust in their brand, technological synergies across use cases and relentless product focus.
For the uninitiated, Vara by Merantix Healthcare is Germany’s first approved AI software for cancer screening, having obtained regulatory approval for the European-wide roll-out in 2019. Secondly, SiaSearch by Merantix Automotive is the category-leading search engine for petabyte-scale ADAS and automated driving data.
The unique technology automatically indexes and structures raw sensor data based on intuitive semantic attributes and keywords.
Main image credits: Merantix
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