Successful funding round for QuantPi

CISPA-backed startup QuantPi has raised €2.5 million in a pre-seed funding round. Berlin-based venture capitalist Capnamic leads the round, followed by First Momentum. Business angels complete the round, including former Instana founder and CEO Mirko Novaovic as well as Ash Fontana, author of “The AI-First Company”. With the capital raised, QuantPi plans to expand its team, commercialize its platform and advance applications in finance, autonomous driving and health.

The QuantPi platform helps eliminate uncertainty in the deployment of AI systems by providing quality control for every step of the development process. Companies can ensure that legal, commercial and reputational risks associated with their AI solutions are identified, assessed and mitigated. "With our state-of-the-art AI platform, we are well on our way to realizing our vision: enabling society to live safely and empowered with intelligent machines," said Philipp Adamidis, co-founder and CEO of QuantPi.

„QuantPi is one step ahead of the market. The team has managed to translate the fundamental research at CISPA into a product that has potential to shape the future of Artificial Intelligence in a fair and comprehensible way for humans. We as CISPA are proud to have accompanied the team from the beginning and look forward to their next milestones”, said Maximilian Wolf, Head of Start-ups & Entrepreneurship at CISPA.