BMH BRÄUTIGAM advises Teraki on € 10 m Series A Financing Round
BMH BRÄUTIGAM has advised the Berlin AI startup Teraki on a Series A financing round of about € 10 m (11 m US-dollars).
The company, which was founded by Daniel Richart and Markus Kopf in 2014, is one of the leading providers of edge processing software in the area of IoT (Internet of Things) and the automotive industry and, among other things, works together with the software giants Microsoft and Infineon. Teraki‘s software makes the data processing in the electronics for IoT systems, especially in cars, many times faster and more accurate – while simultaneously reducing the data transfer volume.
Involved in this financing round, with which the company was already able to collect funds in the amount of about € 14.6 m (16.3 m US-dollars), were, amongst others, Horizon Ventures (invested in N26, Spotify, Zoom), State Auto Labs Fund, Bright Success Capital, Castor Ventures and a leading Japanese tech company, as well as the existing investors Paladin Capital Group and Innogy Ventures. The fresh capital is to be used primarily to drive forward activities in the automotive industry as well as to support the expansion in areas like IoT, drone and robot technology. In addition, the current team of 40 is expected to grow further with the planned expansion to the USA and Asia.
Background: BMH BRÄUTIGAM has been advising Teraki since 2014 and is pleased to further expand and strengthen the client relationship.
Team BMH BRÄUTIGAM: Dr. Alexander Wulff, Dr. Patrick Auerbach-Hohl, Bastian Reinschmidt, Dr. Julian Schroeder, Dr. Matthias Rüping, Moritz Nissen (all Venture Capital)