Global Archives • SAP.iO

New Startup Solutions Available on SAP Store : Fall 2023

200+ SAP.iO startups deliver their apps, add-ins, and integration kits to SAP’s global customers through SAP Store. SAP Store is the online marketplace where customers around the world can discover, try, buy, and renew enterprise solutions from SAP and its trusted partners. We are excited to share with you the latest startup technologies to be added to the store! You can check out all of our portfolio technologies that integrate with SAP solutions on the SAP Store.

Transmute Connector

by Transmute Industries, Inc.

Put your supply chain data in the fast lane of trade with verifiable credentials

Our integration seamlessly connects the benefits of Transmute’s Verifiable Data Platform to your existing SAP S/4HANA setup, so you can leverage the power of verifiable credentials (your data’s “digital twins”) with ease. By transmuting critical trade documents into the most secure, interoperable, context-rich data format, companies maximize transparency and governance of their supply chain data, all while automating customs compliance. This solution was incubated and/or funded by SAP.iO and works with SAP Digital Manufacturing, SAP S/4HANA Cloud, and AP S/4HANA for procurement planning. Check out a product video here, and find them out on the SAP Store here.

UPCYCLE

by A1A K.K.

Cost data platform to discover cost reduction opportunities

By building a cost database for the manufacturing industry that allows buyers to store and search for quotes and prepare and utilize quotation data, we will create a procurement organization that promotes logical cost reduction for buyers and contributes to profits. This solution was incubated and/or funded by SAP.iO and works with SAP Ariba Sourcing, SAP S/4HANA Cloud, SAP Integration Suite, and SAP ASE service. Check out a product video here, and find them out on the SAP Store here.

LiLz Gauge

byLiLz Inc.

Easy remote inspections of analog gauges to reduce cost and incident risk

Our solution enables remote daily visual inspections in locations with no power nor network supply by integrating with SAP Business Network for Asset Management. Based on LiLz Cam, cameras that have built in LTE connectivity and 3 years of battery life. This solution was incubated and/or funded by SAP.iO and works with SAP Collaborative E-Care Management, SAP Marketing Cloud. Check out a product video here, and find them out on the SAP Store here.

36ZERO Vision

by 36ZERO Vision GmbH

Allow manufacturers to improve quality control through our AI-powered solution

36ZERO Vision integrated in SAP DM is an AI-based software solution for visual quality automation to identify faults, anomalies, missing parts, and industrial text that increases transparency and productivity in the manufacturing processes. This solution was incubated and/or funded by SAP.iO and works with SAP Digital Manufacturing, SAP Digital Manufacturing Cloud for execution. Check out a product video here, and find them out on the SAP Store here.

Supply Chain Inherited Risk

by Versed AI Ltd

Quantifying your N-tier supply chain risk

80% of corporates don’t have good visibility of their Tier 2 suppliers and beyond, exposing themselves to hidden risk. Versed AI quantifies the risk that your critical Tier 1 suppliers inherit from their Tier 2 and Tier 3, underpinned by automated supply chain mapping. Empowered with this insight, supply chain planners can dynamically re-plan in SAP Integrated Business Planning for Supply Chain to avoid stock-outs, concentration risks & delays. This solution was incubated and/or funded by SAP.iO and works with SAP BTP, Cloud Foundry runtime and environment, SAP Integrated Business Planning for Supply Chain. Check out a product video here, and find them out on the SAP Store here.

Satellite Based Asset Monitoring from Space

by SkyMap Global Pte Ltd

Satellite Based Asset monitoring with Automatic Change Detection

This solution extends the capability of asset management on SAP S/4HANA: An automated problem detection solution is integrated to improve the asset maintenance performance; The problem detection based on AI models recognizes anomalies on satellite images to reduce cost of field inspections and timely detect unattended problem occurrences; The solution allows to monitor assets in a very large area without going onsite. This solution was incubated and/or funded by SAP.iO and works with SAP S/4HANA Cloud Asset Management for resource scheduling, SAP S/4HANA Cloud. Check out a product video here, and find them out on the SAP Store here.

SAP.iO In Foundries, Global, Funding Announcement

Venture Activity Fall 2023

SAP.iO’s ecosystem of successful raises and exits

Fall 2023

SAP.iO has curated over 525 startups in SAP’s startup ecosystem. We’re proud that many of the startups from our programs continue to raise VC funding and have successful exits. This demonstrates that SAP startup technologies are addressing the rapidly changing requirements of the marketplace and have risen to the occasion of meeting customer needs. Here are the latest raises and exits you should know about!

Funding

Sensyn Robotics closed a ¥2.25B Series C round on October 27, 2023. The company has raised approximately 3.6 billion yen so far, and with this latest financing, the total amount raised will be approximately 5.85 billion yen.

Inkelink closed a ¥100M Series B round on November 14, 2023. This round of financing was led by Bank of Communications Overseas Chinese Digital Economy Fund, and Huafeng Emerging Industry Fund, Shenqi Capital, and Chongqing Mingyue Lake Fund also participated in the investment, with Huafeng Capital serving as the long-term exclusive financial advisor to help Inkelink steadily move forward in the field of new energy digital intelligent manufacturing.

Exits

Rephrase.ai was acquired by Adobe on November 22nd. In September 2022, Rephrase.ai raised $10.6m in its Series A funding round led by Red Ventures and joined by Silver Lake, 8VC and others.

SAP.iO In Global

Did You Miss These 2023 Customer Success Stories?

SAP.iO is building a relevant and diverse startup ecosystem that extends the value of SAP solutions to meets the evolving needs of SAP customers. Our portfolio of startups helps customers to foster adoption rapidly while realizing the value of innovation. In 2023 we were able to share many customers success that highlight our great partnerships. Check out our ever-growing list of successful collaborations!

Max Kahn In Press, Global, Awards

SAP.iO Named #6 Most Successful Startup Accelerator by CB Insights

In a recently released report, CB Insights ranked the top 25 most successful startup accelerators based on their portfolio strength and performance, using the 2020 investment class as a basis. SAP.iO ranked #6 on their overall list and #1 out of the corporates on their list.

> Read the full report here

Max Kahn In Global, Portfolio News, CRM & Customer Experience

How SAP, Mention Me Enable Puma to Market Through Customer Data

During last month’s NRF Big Show, executives from Puma and Mention Me took to the SAP Theatre stage to discuss marketing strategies in this post-pandemic period. The session, titled, “How Smart Brands Future-Proof Growth through Customer Advocacy,” featured David Witts, senior manager, CRM, Puma, and Darren Loveday, vice president, business development and solutions consulting, Mention Me.

Read the full story in WWD

SAP.iO In Uncategorized, Blog, Global, Venture Studio

Did you catch all our latest SAP.iO Venture Studio highlights?

July – September 2022 | Achievements & News from SAP.iO Venture Studio

SAP.iO Venture Studio drives a new era of organic growth at SAP. It empowers entrepreneurial teams inside SAP to turn innovative ideas into profitable businesses and invests in these new employee-led ventures who are focused on solving some of the biggest problems in enterprise business processes. SAP.iO Venture Studio helps start and scale new ventures by providing design, development and sales support. Find out more on sap.io/studio.

Encore by SAP

As a secondary marketplace, the Encore by SAP solution is enabling regenerative business processes and empowering network members to close the loops and make circular economy a reality. The demand-driven enterprise trading platform provides a simplified way to offer and discover secondary materials and components with integration into back-end procurement or asset management solutions. The platform enables trading of aftermarket components, such as alternators or batteries, and is looking to expand into further areas, such as secondary materials — from aluminium to polyurethane — or production waste and scrap.

Earlier this year, SAP.iO Venture Studio welcomed two new ventures: Encore by SAP received investment to work on enabling the circular economy. Read more about the venture here and watch this intro video with Co-Founder and General Manager Edward Kosec here.
As a matter of fact, Encore is already working with the consortium Catena-X. They kicked off testing Encore’s marketplace to help the German automotive industry become more sustainable. Get more information and impressions of the launch on LinkedIn here.

Discover more on this venture on https://encorebysap.io/

Feather by SAP

Feather by SAP is an end-to-end recommerce solution that support brands and retailers that want to accelerate the shift from linear to circular business by taking ownership over their recommerce activities. Facilitate the in-house business processes, capture data, engage with the shopper, and own the end-to-end product life cycle.

Feather recently collaborated with students from the Hasso-Plattner-Institute in Potsdam on machine learning applications for resale. Check out some impressions via Feather’s social media presence.

Discover more on this venture on https://www.getfeather.io/

GreenToken by SAP

GreenToken by SAP is a supply chain solution that offers companies new levels of transparency through reliable, blockchain-based information. Gain visibility into where raw materials came from and produce products with knowledge about where and how the materials were produced, even in complex, non-batch supply chains.

GreenToken received funding in 2019 and quickly became a major growth opportunity, enabling customers to trace raw material supply chains for informed purchasing decisions. Let alone in the last quarter they managed to

- Announce a pilot with Japanese chemicals company DIC Corporation
- Collaborate with automotive consortium Catena-X on creating transparency of emission information from business partners across the entire automotive value chain
- Won in the category “Technology, Media & Telecommunication” for the the Australian Financial Review’s Sustainability Leaders for 2022 awards
- Featured in Canada’s second biggest daily newspaper, The Globe and Mail, sharing their journey and business idea

Having gained traction among customers and proving their business value, this employee-led venture now graduated from the SAP.iO Venture Studio portfolio and joined SAP’s Sustainability growth area on September 1. With the early support of our inhouse venture program, they have become the latest example of having turned an innovative business idea by SAP employees into a profitable business and product. They will now further scale within the bigger organization.

Discover more on this venture on https://www.green-token.io/

Paid Promptly by SAP

Paid Promptly by SAP drives cash into your business faster by automating receivable processes. Deliver a seamless, personalized, customer experience through Paid Promptly’s automated communication solution, beginning when an invoice is first released until payment is received.

This venture is making invoice communication more convenient. Their solution is now available for all SAP customers on the SAP Store
You can meet Paid Promptly at SAP Spend Connect Live from October 24 to 26 in Dallas, Texas. Register for the event here.

Discover more on this venture on https://www.paidpromptly.io/

Source Agent by SAP

Great sourcing shouldn’t be a secret. Source Agent by SAP gives you the insights and strategies to address spend intelligently and wow your stakeholders. Identify sourcing opportunities by aligning your spend to current market intelligence. Receive a targeted sourcing strategy and supplier recommendations based on your data and requirements for each spend category. Quickly convert strategies and plans into eSourcing event prep and execution.

As the team is preparing for giving customers direct access to their tool, they are offering strategic sourcing for free! Their rapid test program is a quick and free way to help businesses see spend classified and aligned to their scoping framework. Read more about this opportunity here.
You can meet Source Agent at SAP Spend Connect Live from October 24 to 26 in Dallas, Texas. Keep yourself updated by following the venture’s social media presence and register for the event here.

Discover more on this venture on https://www.sourceagent.io/

Tax Eye by SAP

Tax Eye by SAP is a virtual digital assistant technology that improves and powers tax business processes. Tax Eye allows tax professionals to focus on higher value add activities using human centered artificial intelligence and reduce corporate tax burden.

Earlier this year, SAP.iO Venture Studio welcomed two new ventures: Tax Eye by SAP simplifies access to tax intelligence. Find out more in this announcement.

Discover more on this venture on https://taxeyebysap.io/

SAP.iO In Foundries, Global, Featured

SAP.iO Accelerator Breeds Standout Innovation Startups

A group of startups that are part of the SAP.iO accelerator program featured prominently in the recent Innovation Path startup competition at Cloud Wars Expo:

The overall winner (Wisy) is an SAP.iO company
3 of the top 6 were from SAP.iO
11 SAP.iO companies participated

Given the success of these SAP.iO participants, I wanted to get more insights into the workings of the program. So I connected with Max Kahn, the director of SAP.iO Foundries (the startup partnership arm of the expansive program) to discuss the program, the process of identifying startups to include, as well as how SAP.iO and the startups work together to foster growth for these innovators.

SAP.iO launched in 2017 and, since then, has invested in 450 startups, 165 of which have solutions that are currently live and listed in the SAP store. More than 270 of those companies remain SAP partners.

It initially included a venture capital investment arm that would contribute pre-seed and seed rounds of funding. The focus has since shifted to place greater emphasis on supporting companies in the program in other ways besides financial backing. By downplaying investments, the company avoids conflicts of interest as it continues to build out an open ecosystem of software partners.

SAP Acquires Search-Driven Analytics Company Askdata

SAP today announced that it has acquired Askdata, a startup focused on search-driven analytics. Askdata participated in SAP.iO’s Foundry San Francisco Cohort in 2019.

With the acquisition of Askdata, SAP strengthens its ability to help organizations take better-informed decisions by leveraging AI-driven natural language searches. Users are empowered to search, interact and collaborate on live data to maximize business insights.

Available in multiple languages, Askdata’s personalized experience connects live to source applications without moving data, while retaining the complete business context to return meaningful answers and proactive insights.

“The data and analytics market is evolving, and it is imperative that we provide simpler user experiences that will empower casual users to be able to make data-driven decisions independently,” said Irfan Khan, president and Chief Product Officer, SAP HANA Database & Analytics, SAP. “The ability to cater to a wide range of user profiles will be the primary driver of data and analytics adoption. Askdata provides SAP with a path to lead this transition to the benefit of our customers.”

Askdata applies cutting-edge artificial intelligence technology to natural language processing, which gives users the ability to answer any data question with a simple search. Users can interact with data in a simpler way, without having to learn a self-service analytics product, enabling them to extract maximum value from data quickly.

Askdata’s IP will become part of SAP Business Technology Platform and contribute to a next-generation lightweight analytics experience for SAP Analytics Cloud solution customers and to line-of-business applications.

SAP and Askdata have agreed not to disclose the purchase price or other financial details of the transaction.

SAP.iO In Blog, Inclusiveness, Global, Interview, Inspiring Innovators

Inspiring Innovators: Riana Lynn CEO and Founder of Journey Foods, On being a serial entrepreneur

At SAP.iO, we work with innovative people and new technologies that positively impact our world every day, and we think it’s time to share their stories with you! In our series, “Inspiring Innovators,” we get to hear how founders, CEOs, presidents of cutting-edge startup technologies overcame, thrived, and pursued their goals. SAP.iO’s Alexa Gorman sat down to discuss the road to success and lessons learned with some of our most inspiring startup founders.

Meet Riana Lynn

Starting as a biology student in college building websites on the side, Riana Lynn was unknowingly launching her journey as a serial entrepreneur. Even as a kid, she knew she wanted to work on health issues to impact her community positively. Using her background in biology, she took an interest in larger food systems and how food affects our chronic diseases. Coming from a family of food entrepreneurs and farmers, it was no surprise that Riana’s first food company became one of the top juice bars in the country. After this accomplishment, she had the opportunity to work at the White House and even spent some time in Silicon Valley working for Google.

With all this experience to pull from, Riana set her sights on a new horizon, developing solutions that solve food science and supply chain inefficiencies. Riana shared with us that consumers spend $3 trillion a year on packaged foods and that research shows evidence that eating packaged foods is related to the increase in chronic diseases and poor mental health. Confident that we could change these problems with better science and data tools, Riana founded Journey Foods.

Journey Foods is a portfolio intelligence and lifecycle management software for food development and innovation. Their approach puts nutrition and sustainability at the forefront of product development, helping formulate products according to specific consumer and company goals. To further their impressive progress, Journey Foods builds integrations with companies like SAP to drive widespread impact quickly.

“I work on solving the most significant problems in food that effect my family, our communities, and the world.”

Read More…

SAP.iO In Blog, Global, Venture Studio

Did you catch all our latest SAP.iO Venture Studio highlights?

April – June 2022 | Achievements & News from SAP.iO Venture Studio

Brilliant Hire by SAP

Brilliant Hire by SAP intelligently matches candidates with a personalized shortlist of jobs on your careers page based on what really matters to them, using Artificial Intelligence (AI).

With artificial intelligence playing an important role in hiring processes, experts are curious what part AI will play after the great reshuffle. Learn more about how Brilliant Hire by SAP’s uses AI future-oriented in this article.

Discover more on this venture on https://www.brillianthire.io/