Austrian EnliteAI raises €2M in a seed round

EnliteAI, Vienna-based technology provider for Artificial Intelligence specialized in Reinforcement Learning and Computer Vision/geoAI, has raised €2 million. Breeze Invest, Speedinvest, and Floyd Ventures were among investors.

• Launched by Marcel Wasserer, Johannes Stumtner, and Clemens Wasner in 2017, EnliteAI provides AI-based solutions specialized in Reinforcement Learning and Computer Vision/geoAI – from AI Strategy to Prototyping and Project Delivery. The copmany offers AI Strategy & Transformation, AI Lab and Prototyping & Project Delivery services for medium-sized and large enterprises from the DACH region.
• EnliteAI is an active member of ELISE – European Learning and Intelligent Systems Excellence. Its team consists of 15 people.

“In 2020, just when the first Сovid wave hit, we decided to do a hard-pivot into product development and doubled down on detekt, our geospatial AI solution, and reinforcement learning for power grid optimization. What followed were 3 years of turning the company into a fully fledged SaaS startup, hiring many new colleagues and started raising funds.”

Clemens Wasner, one of the co-founders commented.

• The investment was co-led by Breeze Invest, Austrian based private investment boutique providing smart money to start-ups and SMEs with a clear growth strategy, Vienna-based Speedinvest and American real estate investment firm Floyd Ventures. It will help the startup to build the next generation of AI SaaS companies.