FO of Schwarzwälder Bote invests millions in German Autolabs

Berlin — BMH BRÄUTIGAM accom­pa­nies with Reds­tone the invest­ment of the Family Office of Schwarz­wäl­der Boten in the context of the recently closed finan­cing round of the AI- tech startup German Autolabs. In addi­tion to Schwarz­wäl­der Boten as lead inves­tor and share­hol­der of some of Germany’s largest media groups, exis­ting inves­tors Target Part­ners, nbr Tech Ventures and Copa­rion are also parti­ci­pa­ting in the finan­cing round.

German Autolabs, foun­ded in 2016 by serial entre­pre­neur Holger G. Weiss, specia­li­zes in voice assis­tance solu­ti­ons for profes­sio­nal drivers, couriers and deli­very people and became known for the first retro­fit­ta­ble smart voice assistant for cars. The modu­lar voice AI plat­form enables compa­nies in the logi­stics indus­try to opti­mize ever­y­day work­flows and proces­ses by linking deli­very addres­ses, deli­very speci­fics, and route info from various data sources to further improve deli­very quality.

With the growing success of voice assistants, the need for verti­cal solu­ti­ons in the auto­mo­tive sector will increase. Important diffe­ren­tia­tors in this area are data secu­rity, the very speci­fic use case in the vehicle, and the possi­bi­lity of addres­sing one’s own custo­mers directly. German Autolabs does not see itself as a compe­ti­tor to hori­zon­tal play­ers such as Amazon or Google. His approach is verti­cally and comple­men­ta­rily integrable.

Holger G. Weiss, co-foun­­der and CEO of German Autolabs: “Since produc­tion cycles in the auto­mo­tive indus­try are tradi­tio­nally too long to itera­tively deve­lop and train voice AI, our retro­fit approach is one of the major advan­ta­ges of our stra­tegy.” The new multi-million funding will now be used to acce­le­rate the roll­out of the voice assis­tance platform.

The team of BMH BRÄUTIGAM has repea­tedly acted along­side Reds­tone in the context of this invest­ment. Having alre­ady advi­sed on the invest­ments of venture capi­ta­list VR Ventures and the family office of Schwarz­wäl­der Boten in Right­Now at the end of last year, we are very plea­sed to be able to further streng­then and expand the rela­ti­onship with Reds­tone. www.bmh-partner.com

Consul­tant Reds­tone and the Family Office of Schwarz­wäl­der Boten: BMH BRÄUTIGAM, Berlin