29. SEPTEMBER 2021 Successful Series B Funding
ONE LOGIC*, a Leading Company for the Use of AI Raises Eight-Figure Sum
Funding Round Spearheaded by the Salvia GmbH Investment Company
- Innovative data products based on artificial intelligence (AI) help monetize large volumes of data quickly and effectively and digitalize business models using forecasts.
- Data products developed by ONE LOGIC* are quick to implement and are already in use at a host of blue-chip companies.
- ONE LOGIC* is the only German AI company listed as ‘Cool Vendor’ in the “Gartner Cool Vendors in AI Core Technologies Report 2021”.
- ONE LOGIC* is set to use the capital to create additional industry-specific solutions, pursue international expansion, and strengthen its existing team.
Passau (Germany), September 29, 2021—ONE LOGIC*, a leading company for the use of AI, has successfully completed a Series B funding round, raising an eight-figure sum. The investment round was spearheaded by Salvia, an investment company led by Helmut Jeggle that develops and provides financial support for numerous B2B and deep tech start-ups. *We’ve been operating as “One Data” since 2023.
ONE LOGIC will use the capital to add new data products to its platform, strengthen its position as a leading international provider of AI-based data products, and expand its team of AI experts and software developers.
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“This is Only Just the Beginning”
“We have developed a Data Product Builder that allows organizations to monetize their data quickly and sustainably and digitalize their business models. Our AI-assisted data products enable us to predict, with a very high degree of accuracy, the decisions a company should make to improve its results—whether in terms of processes, operations, or business. We intend to use this fresh influx of capital to develop more solutions on the platform and scale our business with the aim of making inroads internationally. We are delighted to be able to count on Helmut Jeggle and Salvia, a partner with a long-term focus and a track record as a successful business developer, on this journey. With their support, we are now working to become one of the market leaders in Europe for AI-based data products.”
“Provide Support as an Investor and Advisory Board Member”
“Right now, virtually all companies are looking at how they can take the huge volumes of data they have generated and pair them with artificial intelligence to make the right decisions for their business automatically—and deliver tangible added value. The fact is, that few of these AI-based initiatives are ultimately productive, and only a fraction of those are able to deliver results at the speed of ONE LOGIC. Thanks to its data platform, ONE LOGIC can achieve results that go far beyond the aggregation and analysis of data, making it one of the leading AI software providers in Germany today. I am pleased to be able to work closely with the company and provide support as an investor as it scales its operations and expands on the international stage.”
Data-driven Forecasts Using AI-based Data Products
Using the Data Product Builder developed by ONE LOGIC, you can rapidly create and implement AI-based data products within just a few weeks. These data products use forecasts to automate and improve decision-making. This streamlines and accelerates planning and management processes within the organization and helps companies derive real business value from data.
In the automotive industry, for example, ONE LOGIC developed a forecasting and recommendation tool that allows dealers to predict the needs of their customers with more accuracy and optimize their inventory. After the successful go-live, the system will soon be used worldwide. ONE LOGIC also developed an AI-assisted corporate audit solution for a major German chemical group which identifies process deviations in real time and continuously monitors for potential risks.
ONE LOGIC was the only German company to be named a “Cool Vendor in AI Core Technologies 2021” by leading research and advisory firm Gartner®.
Gartner, Cool Vendors in AI Core Technologies, Farhan Choudhary, Erick Brethenoux, Svetlana Sicular, Chirag Dekate, Soyeb Barot, Sumit Agarwal, Julian Sun, 11 May 2021.
The Gartner Cool Vendor badge is a trademark and service mark of Gartner, Inc., and/or its affiliates, and is used herein with permission. All rights reserved.
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation.
Expanding the Portfolio: From Applications to Scalable Data Products
The company founded by Andreas Böhm is seeking to use the funding to expand its portfolio. In addition to customer-specific applications, it will also offer turnkey, scalable data products to better meet the increasing demand for products that can be rolled out quickly. By continuing to develop its portfolio of data products, ONE LOGIC expects to simplify implementation further, speed up the monetization of data for customers, and improve the scalability of their business models. As part of this expansion strategy, the firm is also looking to add new members to its team and will open offices in Switzerland and the USA.
New Advisory Committee Comprising Investors and Industry Experts
ONE LOGIC has also established an advisory committee to provide support in the form of experience and expertise during this key growth phase for the company. The members of the committee include its two investors, Isabelle Müldner (Salvia GmbH) and Alexander Diekmann (Opti Invest green), as well as former Managing Directors Prof. Dr. Andreas Pfeifer and Dr. Klaus Geißdörfer.
“Using Our Investment Wisely Right from the Start”
“We are extremely pleased to be able to lend more support to Andreas Böhm and his team as they make strides to become one of the market leaders in Europe for AI-based data products. For a long time now, we have had great faith in the company and its vision of a future in which the full potential of data can be unleashed globally through artificial intelligence and relevant products.”
Salvia GmbH
Salvia GmbH is an investment company founded and run by Helmut Jeggle, an early-stage investor since 2017 of BioNTech SE. Salvia assists innovative companies through its capital, expertise, and extensive network. The private investment firm, based in Holzkirchen (Munich), focuses on companies in the fields of deep tech and science that are driving sustainable change and can show the world the way forward. The firm’s aim is to create long-term, opportune, and “healthy” values.
"Tomorrow’s data products. Today!“
ONE LOGIC is a leading company for the use of Artificial Intelligence (AI), founded in 2013. It enables its customers to monetize data quickly and sustainably and to digitize business models. As an agile provider of AI-based data products, ONE LOGIC uses the latest technologies and algorithms from the fields of machine learning, deep learning and AI.
