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Scavenger AI Raises €1.1M for Innovative AI Business Consultant

Scavenger AI, a German firm, secures €1.1 million in funding for its AI business consultant, promising quick solutions to complex business issues by leveraging data analytics. With an aim to assist businesses in converting data into actionable insights, Scavenger AI offers a comprehensive solution, cleaning data, guiding statistical analysis, and presenting results in a user-friendly dashboard.

Co-founders Maximilian Hahnenkamp and Felix Beissel express gratitude for the support from investors like Femventix, Calm/Storm Ventures, and the B4i Fund, alongside HTGF which led the financing round.

The investment will fuel Scavenger AI's expansion plans, focusing on workforce growth, technology infrastructure development, and software release to meet growing client demands.

HTGF's Senior Investment Manager Kilian von Berlichingen emphasizes the value of AI in enhancing business productivity, praising Scavenger AI's technical solution for providing objective insights to clients.

Calm/Storm Ventures' Investment Manager Carina Roth lauds Scavenger AI's team, highlighting their capability and determination to transform businesses through innovative solutions, reflecting the investor's confidence in the company's vision.