San Francisco, California, US and Munich, Germany, Dec. 20th, 2018 - b.telligent, a Munich and Zurich based premier data science and business intelligence management consulting company, and BootstrapLabs, a Silicon Valley based venture capital firm focused on Applied Artificial Intelligence, today announced the formation of a strategic partnership to accelerate the deployment of AI technology among b.telligent’s existing and future corporate customers.
Accenture estimates that AI has the potential to boost rates of profitability by an average of 38% and could lead to an economic boost of US$14 trillion by 2035 globally. With so much at stake, and a possible reallocation of wealth from traditional players to digital first players, Germany and Switzerland are among the countries with the most to lose if their multinational corporations fall behind during the AI revolution.
“We are excited to partner with b.telligent,” said Nicolai Wadstrom, Founder, CEO, and Managing Partner of BootstrapLabs. “Klaus and Sebastian have assembled a great pool of talent with deep domain knowledge expertise in data warehousing, data management, data science, and data strategy that helps their clients successfully transition into the new data driven world. As such, they represent an ideal partner to roll out some of our portfolio companies’ products across their client base of over 300 companies, and in doing so, accelerate the adoption of innovative AI solutions for Germany and Switzerland, and some of their leading multinational corporations.”
For the past three years, BootstrapLabs has been exclusively investing in Applied AI technologies and has assembled an exciting portfolio of 22 companies, each looking to solve hard and meaningful problems in multibillion dollar industries.
“Startups often waste time and capital figuring out which of the several large corporations they are talking to today i) can quickly and fairly evaluate their solution, ii) has the budget to purchase their solution in the next 3-6 months, and iii) is ready to scale that solution across their entire organization,” said Benjamin Levy, Co-Founder and Managing Partner of BootstrapLabs.
“b.telligent is in an incredible position to accelerate BootstrapLabs’ portfolio companies’ revenue generation, as we not only have our customers’ trust (such as Telefónica, Car2Go, Puma or BSH), but we have an intimate understanding of their readiness level as well as often act as an extension of their team, managing the very data that is required for these AI solutions to become valuable to our clients,” said Sebastian Amtage, Managing Director of b.telligent.
“We believe that Artificial Intelligence poses a large threat, as well as unprecedented opportunity for every company, and we look forward to working closely with BootstrapLabs, their portfolio companies, and their large community of AI experts to support our customers on their journey to apply Artificial Intelligence,” said Klaus Blaschek, Co-Founder and Managing Director of b.telligent.
b.telligent GmbH & Co. KG
Founded in 2008, BootstrapLabs is a leading Venture Capital firm based in Silicon Valley and focused on Applied Artificial Intelligence. We invest in founders that dream big and are solving today's hardest problems by applying artificial intelligence to shape a better future for all.
BootstrapLabs works closely with some the world's most prominent families and their multinational corporations to actively invest in artificial intelligence (AI) and machine learning (ML) startups targeting large global markets including Industrial Manufacturing, Transportation, Logistics, FinTech, Enterprise Productivity, Cybersecurity, and Healthcare.
BootstrapLabs is often the first institutional money and acts as a lead investor in the early stages, with follow-on capital at the growth stages.
Select portfolio companies include AEye, Mendel, Qurious, Vidora, Sibly, Myia Labs, Indus.ai, iUNU, SmartEar, Nodle.io, Roger, Prezi, Pryon, Trusted Insight, and AngelList.
BootstrapLabs leverages its large community of over 40,000 Applied AI experts, entrepreneurs, and developers to support its portfolio companies and investment strategies.
For more information visit the website.