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10 Austrian startups worth following in 2021

EU-Startups selected the 10 most promising young Austrian startups to watch in 2021. AIN.TECH publishes the list.

  1. Mostly AI

Founded: In 2017 by Klaudius Kalcher, Michael Platzer and Roland Boubela

Valuation: €18M-€26M

Based in Vienna, Mostly AI is a hightech startup that develops AI technology for synthetic data. Its solutions enable organizations across the world and across industries to safely share big data assets, internally as well as externally, while keeping the privacy of their customers fully protected.

  1. ToolSense

Founded: In 2017 by Alexander Manafi, Benjamin Petterle, Rostyslav Yavorskyi and Stefan Öttl

Latest round: €3M seed investment from btov’s Industrial Technologies Fund, HTGF, Segnalita Ventures, Martin Global AG and Dr Georg Hoblik GmbH

ToolSense provides an intelligent after-sales IoT platform that digitalizes the cooperation between machine manufacturers, distributors and their customers. The company develops a technology combining a comprehensive platform (software) with intelligent sensors (hardware).

  1. Storyblok 

Founded: In 2017 by Alexander Feiglstorfer and Dominik Angerer

Latest round: $8.5M in a Series A from Mubadala Capital with participation from firstminute capital and 3VC

Storyblok offers a headless content management system (CMS) for solo developers, marketers and editors, as well as for enterprise customers. Unlike a traditional CMS, the startup allows to repurpose and manage content across multiple platforms through one of its APIs by providing visual editing tools and customizable content blocks.

  1. Bsurance 

Founded: In 2017 by Lorenz Gräff

Valuation: €16M-€24M

bsurance develops and embeds cloud-based insurance products for different size, sector businesses, enabling fully digitalized processes, providing next-generation solutions to the end-customers, and allowing the business to speed the digital transformation up.

  1. Kaleido AI

Founded: In 2017 by Benjamin Groessing and David Fankhauser 

Kaleido develops AI-powered image processing solutions. Its flagship product remove.bg is designed to automated the process of background removal. The second product called unscreen allows to record the footage anywhere, then simply get rid of the background. The startup’s solutions are available for both individuals and businesses of all sizes.

  1. Music Traveler

Founded: In 2017 by Aleksey Igudesman and Julia Rhee

Music Traveler is a sharing economy musictech startup, centralizing spaces with musical instruments, equipment for the creative industry. It provides services as the rental of music studios, practice rooms and recital spaces. World-renowned investors and ambassadors include Billy Joel, Hans Zimmer, Sean Lennon, Adrien Brody, and John Malkovich.

  1. Blockpit

Founded: In 2017 by Florian Wimmer, Gerd Karlhuber, Gert Weidinger, Mathias Maier and Patric Stadlbauer

Valuation: €5M-€8M 

Blockpit has developed a cross-platform monitoring solution that is intended for both companies and private cryptocurrency traders. This enables a clear calculation of the taxable crypto income and an acceptance of the tax return by tax consultants.

  1. Newsadoo

Founded: In 2017

Latest round: €2.2M from Raiffeisen Innovation Invest, FFG, and aws

Newsadoo personalizes readers’ news with the goal to create “personal digital daily newspaper”. The app collects news and articles from newspapers, radio broadcasts, TV stations, and online portals and uses AI to create a news feed with content interesting to the reader, combining news from different sources but about the same topic into “bundles”. 

  1. Trality

Founded: In 2019 by Christopher Helf and Moritz Putzhammer

Valuation: €6M-€9M

Trality is the platform for traders of all levels of experience to create and invest through automated trading bots. According to the startup, over 80% of private traders lose money due to emotional bias and lack of automation, so Trality helps everyone to avoid such mistakes through its tools.

  1. Morpher

Founded: In 2018 by Denis Bykov and Martin Froehler

Valuation: €5M-€7M

Morpher empowers its users to trade stocks, commodities, and currencies with zero fees and infinite liquidity via Virtual Futures on Ethereum. The startup can also create entirely new markets like the cannabis spot price, corporate fundamentals, or Bitcoin transaction costs.

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