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Graz-based startup Invenium cooperates with Telefónica Germany

various charts on a screen © invenium

This follows its launch in Austria and market entry into Slovenia, Serbia and Bulgaria. Invenium is a high technology spin-off of the Graz University of Technology with a focus on generating anonymous traffic and movement pattern analyses. The algorithms used to calculate the anonymous database were developed by the company and scientifically verified. In many areas of the economy and municipal life, for example tourism, the question of the geographical origin of guests, customers and commuters as well as the order in which offerings are used, for example visiting sights, is playing an increasingly crucial role.

Now, the company's cooperation with Telefónica Germany (which supports more than 45 million mobile phone connections in the field of mobile telephony alone) has been announced. "The objective of this expansion is to press ahead with the growth of Invenium and to be able to offer a detailed data basis for decision-making as a result of the insights gained from the analyses of movement data," states Mario Mayerthaler, CEO Invenium Data Insights.

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Located in the heart of Europe, Austria offers an optimal base for our internationally orientated business. The great funding options as well as the support of institutions such as ABA – Invest in Austria and the Vienna Business Agency have turned out to be real USPs for the business location Austria. More and more skilled workers are drawn to Austria, because of it’s high living standard. This has helped us tremendously finding highly qualified employees for our company. We feel right at home within the steadily growing international ecosystem and easily built a network with local parties. One can feel the spirit and the will to grow into a bigger startup hub like Germany or Sweden. We hope, that by sharing our positive experiences, we can help attract more global talent to come to Austria.


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