31 AI Startups in Munich to Watch (and Work for) in 2023
AI is rapidly transforming the way we think about and interact with the world around us. Across Europe, but particulartly in Munich, AI startups are pushing boundaries, fixing problems worth solving, and reshaping the contours of their industry.
As we get into the end of 2023, we've curated a list of the top AI startups in Munich that are making waves. We update this list monthly by tracking activity in our database of 17,000 technology companies in Europe and sort them dynamically using our Seedtable score, ensuring objectivity.
Changelog
Last update: December 7, 2023. Added companies, investors and rounds. See changelog .
Rankings are calculated using our Seedtable score – a 1 to 100 score that uses quantitative and qualitative data points (examples are money raised or employees over time) to signal the momentum behind a company. A score closer to 100 indicates a company worth watching closely.
Featured companies in Company
Featured
AI-powered drones.
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Latest Funding
$67 Million · Series B
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Employees
101 to 250
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Investors
ESG, Thiel Capital, HV Capital, 10x Group, 10x Group, European Investment Bank, DTCP, Project A Ventures, Project A Ventures, Bayern Kapital, Bayern Kapital
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Business Model
B2B
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Industries
AI, Drones
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Locations
Munich
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Contact
•••••@quantum-systems.com
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Featured
AI-powered MRI platform for scanning biological samples.
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Latest Funding
$32 Million · Series A
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Employees
51 to 100
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Investors
83North, TVC, TVC, Possible Ventures, Possible Ventures
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Business Model
B2B, SAAS
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Industries
Health Tech, AI
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Locations
Munich
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Contact
•••••@orbem.ai
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Featured
Retorio developed a software solution that optimizes the entire application process for hiring people.
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Latest Funding
$9 Million · Series A
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Employees
1 to 10
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Investors
Porsche, SquareOne, Storm Ventures, Basinghall Partners, Basinghall Partners, Basinghall Partners
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Business Model
B2B
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Industries
Edtech, AI, Machine Learning, Fitness, Hiring and Recruitement, Data and Analytics, Video, Communications
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Locations
Munich
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Contact
•••••@retorio.com
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Full list of AI startups in Munich
Real-time location intelligence for the Internet of Things.
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Latest Funding
$130 Million · Series A
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Industries
Hardware, AI
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Locations
Munich
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Employees
101 to 250
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Business Model
B2B
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Investors
European Investment Bank, BMW i Ventures
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Contact
•••••@kinexon.com
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AI-embedded perception software to handle deformable materials.
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Latest Funding
$7.7 Million · Series A
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Industries
AI, Manufacturing
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B
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Investors
Apex Ventures, CNB Capital, High-Tech Gründerfonds, Bayern Kapital, LinkedIn
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Contact
•••••@sewts.com
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Treatment of age-related macular degeneration (AMD).
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Latest Funding
$2.7 Million · Seed
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Industries
Health Tech, AI
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Locations
Munich
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Employees
1 to 10
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Business Model
B2C
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Investors
Arve Capital, Bayern Kapital, YZR
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Contact
•••••@deepeye-medical.com
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Building Radar provides detailed information on construction projects and the companies involved.
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Industries
AI, Proptech & Real Estate, Data and Analytics, Sales and Marketing, Business Intelligence
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Picus Capital, Coparion, PropTech1 Ventures
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Contact
•••••@buildingradar.com
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AI-powered industrial IoT platform.
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Latest Funding
$80 Million
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Industries
AI, Internet of Things
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Locations
Munich
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Employees
101 to 250
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Business Model
B2B, SAAS
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Investors
New Enterprise Associates, MIG, DI Technology, Sanno Capital, Alibaba Group, UVC Partners
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Contact
•••••@konux.com
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Battery analytics software developers.
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Latest Funding
$30 Million · Series B
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Industries
AI, Mobility & Transportation, Energy & Nuclear
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Locations
Munich
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Employees
51 to 100
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Business Model
B2B, SAAS
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Investors
Creandum, Cherry Ventures, Speedinvest, UVC Partners
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Contact
•••••@twaice.com
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Engineering platform to automate the development of electronics
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Latest Funding
$25 Million · Series A
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Industries
AI, Manufacturing
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Locations
Munich
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Employees
51 to 100
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Business Model
B2B, SAAS
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Investors
Earlybird Venture Capital, Speedinvest, Plug and Play Spain
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Contact
•••••@celus.io
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Personalized, AI-driven math learning platform.
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Latest Funding
$1.1 Million · Pre Seed
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Industries
Edtech, AI
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Locations
Munich
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Employees
1 to 10
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Business Model
B2C, SAAS
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Investors
Better Ventures, Caesar Ventures
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Contact
•••••@rockettutor.de
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Mobile app security platform.
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Latest Funding
$14 Million · Series A
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Industries
AI, Privacy and Security
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Tikehau Capital, Caixa Capital Risc
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Contact
•••••@build38.com
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AI that understands construction
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Latest Funding
$3.1 Million · Pre Seed
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Industries
AI, Proptech & Real Estate, Data and Analytics, Business Intelligence
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Earlybird Venture Capital, A/O PropTech, Pi Labs
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Contact
•••••@conxai.com
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StudySmarter is an EdTech company that develops an intelligent and content-agnostic platform for lifelong learning.
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Latest Funding
$16 Million
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Industries
Edtech, AI
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Locations
Munich
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Employees
251 to 500
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Business Model
B2C, MARKETPLACE
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Investors
Left Lane Capital, Goodwater Capital, DvH Ventures
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Contact
•••••@studysmarter.de
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AI-powered customer service tool.
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Latest Funding
$500 Thousand · Seed
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Industries
AI, Ecommerce
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Locations
Munich
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Employees
1 to 10
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Investors
Y Combinator
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Contact
•••••@order.link
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Tacto develops an intuitive, data-driven, and automated solution for procurement in medium-sized industrial enterprises.
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Latest Funding
$5.8 Million · Seed
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Industries
AI, Machine Learning, Manufacturing, Enterprise Software, IT Management
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Cherry Ventures, UVC Partners, Visionaries Club
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Contact
•••••@tacto.ai
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Holoride is a company turning vehicles into moving theme parks by synching XR with vehicle movement and navigation data.
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Latest Funding
$12 Million · Series A
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Industries
AI, AR / VR, Mobility & Transportation
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@holoride.com
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By combining the latest breakthroughs in Computer Vision and Deep Learning, presize.ai develops the most accurate body scanning software.
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Latest Funding
$2.4 Million · Seed
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Industries
CPG & Consumer Goods, AI, AR / VR, Fashion, Machine Learning, Manufacturing, Ecommerce
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
UVC Partners, Plug and Play Spain, seed + speed Ventures
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Contact
•••••@presize.ai
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Cognote is a vertical AI assistant that engages in automating medical documentation for physicians.
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Industries
Health Tech, AI, Data and Analytics
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Global Founders Capital (GFC)
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Contact
•••••@cognote.ai
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DeepScenario provides real-world traffic data with high accuracy to help companies build the world’s most intelligent driver.
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Industries
AI, Deep Tech, Music and Audio, Data and Analytics, Mobility & Transportation, Business Intelligence
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
High-Tech Gründerfonds, MobilityFund
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Contact
•••••@deepscenario.com
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Demand forecasts for catering businesses to optimize procurement and increase sustainability - We are hiring!
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Industries
Foodtech, AI, Data and Analytics, Community & Lifestyle, Business Intelligence
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Bayern Kapital
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Contact
•••••@delicious-data.com
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Molab is a biotechnology research company that uses AI to create molecules faster.
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Industries
AI, Biotech, Pharma, Business Intelligence
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B
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Investors
Picus Capital
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Contact
•••••@molab.ai
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Ariadne Maps is a high technology company that provides detailed customer analytics with its cutting edge artificial intelligence approach.
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Latest Funding
$2.3 Million · Seed
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Industries
Hardware, AI, Adtech, Data and Analytics, Manufacturing, Business Intelligence
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@ariadnemaps.com
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Knowron empowers service technicians with their tasks through AI.
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Latest Funding
$1.9 Million
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Industries
AI, Machine Learning, Data and Analytics, Business Intelligence, CRM
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@knowron.com
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Sizekick makes use of artificial intelligence and computer vision technology to recommend the right clothing size in fashion e-commerce.
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Latest Funding
$1.3 Million
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Industries
AI, Fashion, Ecommerce
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B, SAAS
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Contact
•••••@sizekick.io
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The Digital Demand Aggregator acquires Content Websites and scales them by leveraging custom tech, growth playbooks & portfolio synergies.
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Latest Funding
$400 Thousand · Pre Seed
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Industries
Fintech, AI, Media and Entertainement, Payments
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@treasurehunter.media
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Orbit Health focuses on developing an artificial intelligence solution to enable the effective personalization of treatment for Parkinson’s.
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Latest Funding
$1.1 Million · Seed
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Industries
Health Tech, AI, Data and Analytics
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Locations
Munich
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Employees
1 to 10
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Business Model
B2B, SAAS
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Contact
•••••@orbit.health
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UX3D designs and develops graphics processing unit (GPU) software and products.
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Latest Funding
$470 Thousand · Seed
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Industries
AI, Data and Analytics, Creative Tools
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Locations
Munich
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Employees
11 to 50
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Contact
•••••@ux3d.io
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Hellsicht develops AI technology solutions for the defence and security sector.
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Industries
AI, Machine Learning, Data and Analytics, Privacy and Security
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Locations
Munich
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Employees
11 to 50
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Business Model
B2B, SAAS
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Contact
•••••@hellsicht.ai
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Face recognition for payments and financial services.
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Industries
AI, Biotech
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Locations
Munich
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Employees
11 to 50
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Contact
•••••@saffe.co
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AI-powered customer service tool.
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Industries
AI, Ecommerce
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Locations
Munich
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Employees
1 to 10
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Contact
•••••@www.order.link/
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