Qualiwise secured second place in Baystartup’s Munich Business Plan Competition 2024
© Bert Willer

Qualiwise secures six-figure pre-seed financing

The Munich-based startup Qualiwise has developed an AI-powered software solution that digitizes the entire quality control process. The company has now received six-figure pre-seed financing from 123 Ventures, a venture capital firm within the Baystartup network.

The focus of Qualiwise is on the complete digitalization of quality inspection – a task that poses a major challenge for manufacturing companies, especially in plant engineering. The industry is dependent on suppliers, sourcing up to 90 percent of its parts from external providers. Delayed deliveries, defective components, or a lack of quality transparency cause major operational problems. Qualiwise addresses this issue and aims to replace the often still paper-based quality inspection processes with its software.

The "Smart Inspection" solution digitizes the entire quality inspection process, from planning through execution to follow-up inspection. Among other things, inspection plans are automatically created from technical PDF drawings using artificial intelligence. Particularly important inspection characteristics can be supplemented with image and video evidence. The solution guides employees through the inspection process, while a mobile app records and verifies the measured values in real time, and compares them with specifications. All of this is intended to significantly accelerate the inspection process, enable early detection of quality issues, and reduce the need for physical incoming goods inspections.

Qualiwise thanks Baystartup

Now, Qualiwise has raised pre-seed financing from Baystartup's investor network. The six-figure sum comes from venture capital firm 123 Ventures. the Munich startup further develop its solution and strengthen its market presence. Ulrich Kaiser, Co-founder and Managing Director of Qualiwise, explains:

"Baystartup has supported us decisively in all phases. From the first contact with our investor to the award at the Munich Business Plan Competition, which has helped us secure additional customer contracts. The capital now enables us to pursue our vision, acquire additional customers, continuously develop our solution, and strengthen our market presence."

123 Ventures has a spokesperson say:

"The solution significantly accelerates the inspection process, helps identify quality issues early, reduces physical incoming goods inspections by up to 70 percent, and significantly lowers travel costs. Unlike previous tools, which often only cover partial areas, 'Smart Inspection' offers a seamless and highly automated solution tailored to the needs of manufacturing teams."

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