Good news from octimine technologies: Bayern Kapital and several business angels are investing millions in the Munich-based startup founded in 2015.
The investors are thus supporting digitalization in the technology research and knowledge management sector. With the funds, the company, led by its two founders Matthias Pötzl and Michael Natterer, aims to become one of Germany's leading providers of data mining for technological documents, such as patents.
Convinced investors from the start
As a spin-off of LMU Munich and the Max Planck Institute, octimine technologies has developed a novel software for patent research and analysis based on topic modeling, clustering and machine learning.
The Munich-based startup targets technology companies, patent law firms, research institutes, inventors, and investors. Octimine's approximately 15,000 users worldwide include a number of renowned companies and institutions such as Siemens, the Fraunhofer Institute, and Harvard University. Patent experts particularly emphasize the speed and precision of Octimine's software.
“The innovative technological approach and the resulting significant customer benefits convinced us of octimine technologies right from the start,”
explained Roman Huber, one of the managing directors of Bayern Kapital GmbH.
“We are therefore pleased to support the company’s successful development together with a consortium of experienced business angels.”
