Kauz, a Germany-based company that develops chatbots with natural language understanding, has secured €2.3 million in funding.
SaaS Investors
The investment was from Companisto's investor network.
Founded in 2012, Companisto is an equity-based crowdfunding platform headquartered in Berlin, Germany. in Europe. The firm collaborates with business angels, corporate finance specialists, and venture capital companies to raise capital. Companisto offers a sectorial approach focused on information technology, software, consumer products, e-commerce, social media, and energy sectors.
Kauz Use of Funds
The company will use the funding to further develop Kauz aiStudio, enabling companies to utilize website chatbots and AI assistants for internal needs. Kauz aims to ensure AI solutions' controllability, introducing "private models" customizable for individual customers.
About Kauz
Kauz specializes in the development of chatbots with a focus on natural language understanding within the technology sector. The company offers a platform for creating chatbots that can automate service and support inquiries for customers and employees, featuring deep linguistic analysis for natural conversation flow and high accuracy in responses. Its chatbots are adaptable for use on websites, internal service portals, and helpdesks, enhancing knowledge management and support. It was founded in 2016 and is based in Dusseldorf, Germany.
Funding Details
Company: Kauz GmbH
Raised: €2.3M
Round: Unknown
Funding Month: February 2024
Lead Investors: Companisto
Additional Investors:
Company Website: https://kauz.net/
Software Category: AI Assistant
Source: https://www.eu-startups.com/2024/02/duselldorf-based-kauz-closes-e2-3-million-to-expand-ai-assistants-for-companies-internal-needs/