Soley GmbH: A consortium of Business Angels invests, together with HTGF, in Engineering Intelligence
October 30, 2015
The Munich-based company, Soley GmbH, demonstrates how better decisions can be made, and more quickly, in engineering, even in complex situations. Soley is developing and marketing a new type of software for Engineering Analytics. A consortium of Business Angels has now invested in Soley GmbH, together with High-Tech Gründerfonds.
Developers must understand and manage large quantities of data and dependencies in their processes and products more quickly. The quantity of information is growing with every product and variant. Experts spend lots of time and money collecting and processing important information, in order to, for example, save costs by using modular approaches. The corresponding analyses are prone to errors, cannot be repeated and the knowledge about them cannot be passed on easily – the necessary tools were lacking until now. With Soley, experts can now automate the processes of data preparation, analysis and visualization. The number of possible user fields is growing all the time, and here the software from Soley is saving time and money already. In variant management, portfolio management, change management and other areas of application, relevant information can be analyzed efficiently and prepared for making better decisions.
“With our investors we have strong partners by our side, to bring the idea of Engineering Intelligence successfully forwards into the market,” say Dr. Bergen Helms and Dr. Maximilian Kissel, Executive Directors of Soley GmbH.
Soley uses semantic graph technology, which allows it to combine a variety of data from the business. Unlike classic database queries, the users of Soley can formulate their analyses in almost normal language. The results of an analysis can be simply packaged in reusable blocks of knowledge and shared with colleagues. In this way a new approach to dealing with data and expert knowledge is possible in the business. “This innovative technology helps us to noticeably reduce our resource costs in decision-making,” says Dr. Josef Ponn, Platform Project Manager, JD Electronics & Drives at HILTI. Complex analyses can be realised even during meetings at the push of a button and be taken into account for important decisions.
Since the spin-off from TU München in 2013, Soley has been able to win prestigious businesses as customers, from SMEs right through to large companies in a variety of sectors, such as automotive, electrical engineering, machine tools and packaging industries. In other areas too, there is growing interest in the new software technology for automating network analyses, including logistics, insurance, pharmaceuticals and media. Networks that can be analysed using Soley are everywhere. The potential for Engineering Intelligence is correspondingly high. With the new capital Soley wants to make products and processes more scalable, extend its partner network and win new customers.
Dr. Guillem Sague, Senior Investment Manager at High-Tech Gründerfonds: “We see a great need for Intelligence solutions for technical product data. Precisely at the intersection between PDM systems and Business Intelligence solutions, that is where Soley Technology is deployed.”
About High-Tech Gründerfonds
High-Tech Gründerfonds invests risk capital in young, promising technology companies, who convert promising research results into enterprise. With the help of seed finance the start-ups should carry out the R&D right through to the production of a prototype or a “Proof of Concept” or market launch. Each receives 500,000 Euro from the fund initially; in total up to two million Euro per company are available. Investors in the Public-Private Partnership are the Bundesministerium für Wirtschaft und Technologie (Federal Ministry of Economics and Technology), the KfW Banking group and the following 17 businesses ALTANA, BASF, Bayer, B. Braun, Robert Bosch, CEWE, Daimler, Deutsche Post DHL, Deutsche Telekom, Evonik, Lanxess, media + more venture Beteiligungs GmbH & Co. KG, METRO, Qiagen, RWE Innogy, SAP, Tengelmann and Carl Zeiss. High-Tech Gründerfonds has a total fund available of around 576 million EUR (272 million EUR Fund I and 304 million EUR Fund II).
High-Tech Gründerfonds Management GmbH
Dr. Guillem Sagué
Tel: + 49 228 / 82 30 01-00
Fax: + 49 228 / 82 30 00-50
In 2013 Soley was founded from the Chair for Product Development at the Technical University of Munich. The four founders, engineers and computer scientists, were enthused by the idea of enabling quicker access to complex dependencies for engineers. At Soley, competence in innovative software technologies combines with broader engineering methodologies in a unique way. With its product range Soley provides solutions to formalise expert knowledge and to enable the use of that knowledge at the push of a button. More detailed information and test versions are available at the www.soley.io website.