Berlin-based AI studio is raising a new €100M fund to co-invest in startups

Nov 21, 2023 ·

Berlin-based startup Merantix is raising a €40 million Series A round, led by Balderton Capital. The company uses artificial intelligence to develop applications that automate complex tasks and transform industries.

Merantix was founded in 2017 by three former students at the Technical University of Berlin: Dario Amodei, Karim Ouali, and Matthias Reisinger. The company started out by building AI solutions for medical technology companies, such as Siemens Healthineers.

Now, Merantix is using AI to provide solutions across various industries. These range from predictive maintenance in manufacturing plants to supply chain forecasting in retail. Merantix also works with companies in the automotive, energy, and telecommunications sectors.

The company’s success demonstrates how AI can be used to increase efficiency and reduce costs. For example, their predictive maintenance solution helps manufacturers anticipate machine failures before they occur. This reduces costly unplanned downtime and allows businesses to plan more effectively.

Merantix has worked with over 100 companies since its inception. This includes large corporations such as Allianz and Volkswagen, as well as smaller scale startups like POC21 and Grüv. The company has also recently partnered with Microsoft to offer its AI solutions on Azure.

This new funding will enable Merantix to continue expanding its business. With this money, the company aims to build a larger team of experts and focus on providing more digital transformation solutions to industry partners. The company is also investing in research and development of its AI technologies, which are used in its products.

In summary, Berlin-based startup Merantix is using AI to provide automated solutions across various industries. The company has raised €40 million in Series A funding, led by Balderton Capital, which will enable them to expand their business and deepen their expertise in AI. Merantix plans to use the funds to build a larger team, invest in R&D, and focus on providing digital transformation solutions to corporate partners.