Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Austria.
Where Your Profits Grow Sky High.

Smart Data Firm Braintribe Receives Millions in Investment Capital for Global Growth

Braintribe © Braintribe

“This financing round worth millions enables us to accelerate our global expansion strategy and above all, to intensify our market presence in the USA”, says Stefan Ebner, Founder and CEO of Braintribe. The company he established - Braintribe Technologies - has the declared objective of radically transforming the big data market on the basis of its revolutionary smart data concept. Fortune 500 customers and global partners such as CAPCO are already relying on the technologies and services provided by Braintribe.

“Smart data makes good on the promise of big data. Q Capital Ventures and the committed investors are important partners for us in our efforts to achieve our ambitious targets for the years to come”, Ebner states. Braintribe offers tribefire, a smart data platform operated in order to integrate, translate and normalize all types of data as a defining, intelligent solution in its own category. This platform is designed to make the data executable, expandable and usable. Eight people, including consortium head Fritz Schweiger of C Capital Ventures, the IT pioneer and investor Hermann Hauser, Ithuba FinMill and Ernst Wustinger, are the ones behind the consortium which has now invested a mid single-digit million euro amount in the company.

Braintribe was bootstrapped up until the current round of financing concluded in the summer and which was officially announced after the signing of the agreement. “We managed to come very far and now have investors on board who have a long-term interest”, explains Braintribe CEO Stefan Ebner. The fresh injection of capital should be utilized for global growth. The funds will be primarily invested in the markets, whereby Braintribe does not carry out any marketing activities. Instead, community management is to be expanded, and a public cloud is to be developed as the basis for closer cooperation with start-ups. The current staff of 90 employees is expected to increase to about 150, especially at the locations in the USA and London. The sites in Vienna, Belgrade and Bratislava will particularly focus on research and development work.

Source: Der Brutkasten

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin

Testimonials

Events

Meet us at events, seminars and trade shows - worldwide.

  • Austria jako lokalizacja biznesowa – Szanse i możliwości dla firm polskich

    03.04.2019, Katowice, Poland

  • Austria – Your Base for Business & Research

    10.04.2019, Prague, Czech Rep.

Austria Map

Find the perfect location for your company

Storage and distribution for Eastern Europe is more economical from Vienna than from Prague or Budapest. Because shipping business between the individual reform nations is barely developed, whereas neary every Eastern destination is serviced from Vienna several times a week.

Hewlett Packard Austria

Logo
More testimonials

news from the business location Austria

Futurebuilt opens subsidiary in Vienna

The consulting company Futurebuilt of Swiss-born Alexander Ramseier opened up a branch office in Vienna.

Austria as a Trailblazer for the Circular Economy

For years the idea of the circular economy embodies the vision of an economy with controllable resource consumption. Pioneer work was carried out, for example, by the European Union with its “Circular Economy Package”. This creates the foundation for enabling (secondary) raw materials to remain in the economic cycle as long and efficiently as possible. This can be done if attention is paid to economical raw material use, durability and repairability and reusability at the beginning of the value chain, and that the materials can be optimally collected, sorted and recycled after their use.

More news All blog posts