Abzu raises € 1.75M from Inventure and others

Abzu raises € 1.75M from Inventure and others

Abzu raises € 1.75M from Inventure and others

Pan-European startup Abzu has raised €1.75 million in seed funding, led by Nordic Venture, Inventure, and PreSeed Ventures.

Based dually in Copenhagen and Barcelona, Abzu is creating a B2B SaaS platform to make AI technology and solutions more commercially accessible. In the popular parlance of today, the company is trying to “democratize” artificial intelligence.

“If AI is to be used right and find a foothold, it’s important that the users of our platform find it simple and cheap. The truth is that most neural networks and deep-learning solutions today are consequently very complicated to establish and expensive. We want to challenge that,” said Abzu CEO Casper Wilstrup.

The company’s platform is able to work with limited datasets and self-learn from past experience. Without the need for a large pool of data or investment in manual data science processes, smaller companies can now employ and enjoy the benefits of AI.

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