Press Coverage Archives • SAP.iO

SAP.iO In Press Coverage, Sustainability

COI Energy Featured on NYSE Floor Talk

SAP.iO startup COI Energy was recently invited to participate on NYSE Floor talk.

COI Energy stands for “Circle of Influence.” Founder & CEO SaLisa Berrien named her company after the people and organizations like @SAP_iO that help to propel her company forward. SaLisa said that she learned how to make a dollar out of $0.15 from my grandparents. This has helped COI Energy thrive during and beyond the pandemic. They are helping businesses eradicate energy waste in their facilities and repurpose the waste to balance the electric grid, protect the environment and uplift marginalized communities with clean energy resources. Enterprise businesses can find us them on the SAP AppStore and join the movement by quadrupling their impact with COI Energy.

Learn about the SAP partnership and more on today’s #NYSEFloorTalk #BlackBusinessMonth

See interview here…

SAP.iO In New York, Press Coverage, Interview

Career And Business Advice From VC Investors And A Billion-Dollar Female Founder

PS27 Ventures, an early-stage investment firm founded by Jim Stallings, hosted the Female Founders Forum on March 4, 2022, which among the speaker line up, included a panel of venture capitalists, as well as Ellen Latham, founder of Orange Theory Fitness, an exercise franchise that hit $1 billion in sales in 2018.

There were multiple takeaways specific to entrepreneurship — from what makes a good pitch deck to how to appeal to investors. However, many of the insights were also relevant for solopreneurs who don’t intend to raise money or even in-house professionals who don’t plan to start a business.

Tailor your message

“What can you do to make it easy for the investor to preview the company? Write up the email so it embeds the top 3-5 things to see right away. Make it easy to click on your website….If you’re on a pitch night, tailor to the audience. Create a 30-second, 1-minute and 5-minute elevator pitch, plus the pitch decks. You want different formats for audiences, for an initial introduction, for detailed in-person meetings. Accommodate…” — Sallie Jian, SAP.iO New York

SAP.iO is an incubator within SAP, the software company. Jian’s advice to make it easy on the investor is transferable to any relationship you’re trying to nurture—current boss, prospective employer, customer, colleague or other collaborator. While Jian’s example focus on good email writing (so important!), it also applies to your LinkedIn profile (include an easy way for people to get in touch) or even email signature (include your website or LinkedIn URL so people can easily learn more about you).

Creating multiple pitch formats depending on where you are is another gem applicable to both business owners and professionals. You want to have different ways of introducing yourself (the networking pitch) because, depending on the situation, you will have more or less time and your audience will want to know or need to know different things about you. Accommodating your audience, as Jian rightly puts it, is a way of showing you understand and respond to their needs.

The tech company that claims it can stop employees from quitting

The strongest thought that abides in me is that technology can solve everything.

The second strongest thought is that technology hasn’t solved everything… yet.

Which then leads me to worry that I’ll never see the glorious day when it has.

So I was uplifted to rafters unimagined to learn there’s a tech company that’s solved a fundamental problem of corporate life: the unhappy employee.

Laugh all you will — I did — but GrowthSpace‘s tease is a tantalizing one. It insists that 97% of the people who were subject to its technology said it was “an active incentive for them to stay at their company.”

How does it do this magical thing? Well, in the company’s own words: “Say goodbye to pouring budget into training programs with unknown results. Say hello to an algorithm-powered system backed by real-world skill mapping that ensures the perfect match between employees and experts. Every time.”

Four SAP.iO Startups Named to Inc 5000 List in 2021

SAP.iO is proud to announce that four startups in our portfolio were named to Inc. 5000 Fastest-Growing Private Companies in America list for 2021.

BigID (Backed by SAP.iO Fund) was recognized for 14,421% 3-Year Growth. Their solution helps organizations discover, manage, protect, and get more value from their personal data and is available on the SAP Store.

Paradox (Accelerated by SAP.iO Foundry San Francisco) was recognized for 1,922% 3-Year Growth. Their conversational AI software helps companies automate human resources tasks and is available on the SAP Store.

meQuilibrium (Accelerated by SAP.iO Foundry New York) was recognized for 216% 3-Year Growth. Their solution helps businesses build workforce well-being and potential with predictive analytics, biometrics and neuroscience and is available on the SAP Store.

Jebbit (SAP.iO Foundry Tel Aviv) was recognized for 119% growth. and is available on the SAP Store.

SAP.iO In Foundries, San Francisco, Press Coverage, Portfolio News

Crosschq Co-Founder Named to Forbes Next 1000 List

Crosschq, the pioneers of Human Intelligence Hiring™ for building diverse, winning companies, today announced that CEO and Co-Founder Michael Fitzsimmons was named to the Forbes Next 1000 list in the first class of 250 standouts.

The Forbes Next 1000 list is a first-of-its-kind initiative designed to spotlight bold and inspiring entrepreneurs on their way to great success, celebrating ambitious entrepreneurs who are redefining what it means to build and run a business today, especially in the ‘new normal.’ According to Forbes, by year’s end, the list will include 1,000 entrepreneurs that “will have a “running start to land on the cover of Forbes.” The judges include a panel of A-list leaders from every sector, from entrepreneur Ayesha Curry and National Geographic Society Chairwoman Jean Case, to LinkedIn CoFounder Reid HOffman and baseball legend Alex Rodriguez among others.

“I’m honored to be recognized by Forbes in this way,” said Fitzsimmons. “These are never individual awards. Every member of our Crosschq family, from employees, investors, advisors, customers, and partners, make these happen.”

Crosschq is committed to fundamentally leveling the playing field for job seekers by enabling companies to go beyond the resume and look at the full picture of a job candidate when making a hiring decision. Crosschq already helps more than 100 companies of all sizes screen, source and hire the best talent through our digital and automated reference checks.

Sompo Japan Selects EasySend No-Code Customer Journey Platform

Sompo Japan (Tokyo), the second-largest non-life insurance company in Japan, has selected EasySend (Tel Aviv) to introduce the vendor’s no-code digital customer journey platform into Sompo’s marine insurance accident notification system.

To meet customers’ evolving needs and expectations, Sompo Japan reports that it has devoted three digital labs, in Tokyo, Tel Aviv, and Silicon Valley. Sompo Digital Labs focus on promoting digital transformation, exploring innovative, emerging start-ups, and conducting joint proof-of-concept projects with SOMPO Holding’s different business units. According to a joint statement from Sompo and EasySend, Sompo Digital Labs played a key role in introducing EasySend’s no-code development platform to Sompo Japan, resulting in a commercial agreement between the two companies aiming to improve Sompo Japan’s customer experience (CX) and work efficiency.

EasySend provides a cloud-based, no-code development platform to insurance and other financial service companies in Europe, the United States, and Israel. The company says it transforms paperwork into digital journeys in a very short period of time. EasySend says its platform does not require any programming expertise and allows non-developers to create digital journeys quickly and easily with an intuitive drag-and-drop interface and pre-made templates. The firm asserts that its platform greatly improves CX and reduces time-to-market as well as operational costs. By continuously developing digital journeys to improve customer experience and operational efficiency, EasySend says it enables businesses to flexibly respond to the ever-changing business environment and customer needs.

How to Avoid Paying the Price for Uncertainty in 2021

An explosion of data should not scare us. It is an explosion of data processing that might be our doom. MANTA’s CEO Tomas Kratky explains how to deal with growing complexity of our data pipelines in 2021.

Not Knowing Costs Lives and Money

But that somehow seems irrelevant when we look back at 2020. It was definitely not an easy year for anyone. We, both as a community and as individuals, were tested in many different and challenging ways. Many lives were lost and even more lives were drastically impacted by COVID-19. We had to live (and we still live) with a lot of uncertainty all around us. We did not know how dangerous the virus would be, if there would be any long-term effects on our health, if / how easily we could get sick multiple times, and the list goes on. And that kind of “not knowing” sucks. Many of us decided to stay at home, limit our social interactions, and have our groceries delivered for many months to protect ourselves and the ones we love.

The Mohammed bin Rashid Initiative for Global Prosperity Announces The 20 Finalists

The Mohammed bin Rashid Initiative for Global Prosperity Announces The 20 Finalists For The US$1 Million Global Maker Challenge 2020 including Queen of Raw.

They will present their solutions during a series of virtual pitches that will commence on August 31, 2020, in the lead up to the Global Maker Challenge Award Ceremony on September 6, 2020.

The finalists were selected from over 3,400 solutions that were submitted for Cohort 2 of the Global Maker Challenge, which was launched at the United Nations Industrial Development Organization’s (UNIDO) 8th Ministerial Conference of the Least Developed Countries in November 2019 in Abu Dhabi. Solutions from over 148 countries were received, of which 18% came in from least developed countries.

This year’s global challenges centered around four themes: Sustainable and Healthy Food for All, Climate Change, Innovation for Inclusive Trade, and Innovation for Peace and Justice.

The 20 finalists, comprising of five innovators per theme, were assessed and shortlisted in partnership with the Massachusetts Institute of Technology’s SOLVE initiative (MIT SOLVE), and a jury of 47 globally renowned subject matter and innovation experts from UN agencies, global organizations, digital innovation companies, NGOs, and academia.

Verusen Debuts on Supply & Demand Chain Executive’s SDCE 100

Verusen, an innovator in artificial intelligence, materials inventory and data management technology, announced today that it has been named to the Supply & Demand Chain Executive’s SDCE 100 for 2020. The prestigious list spotlights successful and innovative projects that deliver bottom-line value to small, medium and large enterprises across the range of supply chain functions. These projects can serve as a map for supply chain executives looking for new opportunities to drive improvement in their own operations.

Verusen’s successful work with a Fortune 500 pulp and paper manufacturer with more than 60 North American facilities exemplifies the impact its AI-based intelligent technology platform can quickly make. The manufacturer set an aggressive initiative to reduce working capital by $5 million, obtain enterprise inventory visibility and rebalance inventory through a virtual maintenance, repair and operating (MRO) inventory network.

With Verusen’s cloud platform, the team laid the appropriate data foundation by structuring its material master (MM) data in weeks instead of a year. AI ultimately cleansed the MRO data, allowing the company to begin a “self-cleansing” data strategy as well as an internal “buy-from-self-first” inventory optimization strategy. Additionally, the AI delivered optimized insights on where inventory could be reduced as well as how to avoid creating excess. In less than 100 days, Verusen’s AI platform produced more than $20 million in verified savings.

SAP.iO In Foundries, Paris, Press Coverage

SAP.iO Foundry Paris recherche des pépites de l’approvisionnement pour sa cinquième promotion

SAP.iO Foundry Paris lance un nouvel appel à candidatures pour trouver les startups qui formeront la cinquième promotion de son accélérateur. Pour répondre aux défis posés par la crise du COVID-19, cette cohorte sera spécialisée dans l’approvisionnement. Les startups françaises mais aussi européennes peuvent déposer leur candidature jusqu’au 19 juillet pour espérer bénéficier, pendant 10 semaines, du programme d’accélération de SAP.

SAP.iO In Foundries, Press, Paris, Press Coverage

En bref, les actus de Flitdesk, SAP.iO et Des Bras en Plus

SAP.iO In Tel Aviv, Press Coverage, Portfolio News

SAP Foundry in Tel Aviv Launches 2nd Cohort with 7 Startups

German multinational SAP SE launched the second cohort of its foundry program in Tel Aviv this week, run by the company’s venture capital arm SAP.iO. Seven new Israeli startups in the consumer products industry are taking part in the second cycle of the program, launched with a virtual kickoff event on Monday.

The seven selected startups are:

Aiola, which developed an analytical product for CPG (consumer packaged goods) companies that integrates with consumer data from the ERP, CRM and BI systems, and creates advance analytical models using deep learning technologies.
Hexa, an immersive content (3D/AR) as-a-service company that converts retail partners’ existing imagery into 3D and AR assets. Hexa’s customers include Macy’s, Google, Logitech.
Pecan, an automated predictive analytics platform that does not require any data scientists or data science capabilities. The startup emerged from stealth mode in February, announcing a $15 million funding round led by Dell Technologies Capital and Israeli VC firm S Capital.
Sampler, a direct-to-consumer product sampling platform that helps brands deliver samples online and gather insights to build one-to-one relationships with consumers. The company says it works with over 300 brands including L’Oréal, Nestlé, Unilever, and Pepsi.
SRP, which helps connect brands, local stores, and consumers on a single Nearby Platform (NP) to boost business and create a unique direct-to-consumer sales channel (D2C). Stores in the private sector use SRP’s mobile app to manage relationships with vendors, customers, and store operations “in a way that was until recently exclusive for large retailers.”
TrenDemon, which provides content marketing insights and automation. The solution helps marketers, advertisers, and publishers better understand the impact of their content on revenue.
TVPage, a company that allows retailers to sell their products online via brand ambassadors and digital storefronts.

SAP.iO Foundry Tel Aviv’s Second Cohort to Focus on Consumer Products Industry

SAP.iO Foundry Tel Aviv announced the launch of its second program, focused on startups in the consumer products industry, with a virtual kickoff event that took place on Monday. “We understand that especially now, in light of the Covid-19 crisis, even the best startups will need support in reaching global markets and we are fully committed to supporting our selected portfolio companies in doing so, together with SAP,” said Lior Weizman, director of SAP.iO Foundry Tel Aviv.

Plum Continues to Expand Their Enterprise Customer Base, Gaining Bentley Systems as a Customer

Plum, a software-as-a-service company that provides enterprise organizations with the data they need to quantify the potential of their workforce, announced today that they acquired a new enterprise customer, Bentley Systems, the leading global provider of software solutions to engineers, architects, geospatial professionals, constructors, and owner-operators for the design, construction, and operations of infrastructure, including public works, utilities, industrial plants, and digital cities. 

A number of large enterprises, including Scotiabank, Deloitte, SAP, Bloomberg, and Hyundai, are using Plum to enable data-driven decision-making when it comes to their talent acquisition strategies.

Plum CEO Caitlin MacGregor says, “We are seeing success growing our customer base with enterprise companies that are focused on improving candidate experience, reducing bias in the hiring process, and helping provide efficiency in their recruitment pipeline. We’re excited to support Bentley Systems in these endeavors.” In September Plum announced a $4.2 million round of seed funding to continue to focus on their product strategy and grow their enterprise customer base.

Working in close collaboration with SAP SuccessFactors and as a SAP App Center partner, Plum provides added value to the SuccessFactors recruitment module. The SAP SuccessFactors partnership was a key factor in the decision to purchase Plum, says Bentley Systems’ Chief Talent Officer Florence Zheng. “Leveraging predictive talent data will enable Bentley Systems’ teams to be even more effective in our process and ensure that we are placing the right people in the right roles,” said Zheng. “There are a lot of great tools out there. The integration of Plum in SuccessFactors, besides the value Plum brings to the talent acquisition process, makes it a perfect choice for us.