trail, a Munich, Germany-based technology startup focuses on developing a copilot for AI governance, has raised €1.45 million in a pre-seed funding round.
Investors
The round was led by CapitalT, with participation from NP-Hard Ventures, Mozilla Ventures, Common Magic, and various business angels.
CapitalT is a venture capital fund specializing in (pre) seed stage investments in software technology companies with a strong AI or data component. They invest in companies across the Netherlands, United Kingdom, Sweden, Norway, Denmark, Finland, and Germany.
trail Use of Funds
The company plans to use the funding to accelerate product development, expand its talented team, and strengthen its market position.
About trail
Founded by Anna Spitznagel, Nikolaus Pinger, and Sven Hölzel, trail focuses on developing a copilot for AI governance. They provide a developer-friendly solution for scalable, trustworthy AI development by aggregating, analyzing, and structuring project data to enable compliant AI at scale. Their platform helps companies automate governance workflows, technical documentation, and transparency to prepare for the EU AI Act and certifications like ISO 42001. trail also offers a free tool on their website for companies to determine their obligations under the EU AI Act for any AI use case.
Funding Details
Company: trail GmbH
Raised: €1.45M
Round: Pre-Seed Round
Funding Month: July 2024
Lead Investors: CapitalT
Additional Investors: NP-Hard Ventures, Mozilla Ventures, Common Magic, business angels
Company Website: https://www.trail-ml.com/
Software Category: AI Governance
Source: https://siliconcanals.com/german-startup-trail-bags-1-45m/