Retorio was able to convince further investors of its personalized AI coaching platform This means that the Spin-off of the Technical University of Munich 9 million euros for its expansion plans and the further development of AI. The core of the technology is Behavioral Intelligence, which identifies and trains successful behaviors of sales, service and management personnel using video analysis.
The lead investor in the new Series A financing round is Berlin-based B2B tech investor Squareone. Other new investors include Porsche Ventures, the venture capital unit of Porsche AG, and Storm Ventures from Silicon Valley. Existing investors are also joining, including Basinghall Partners, Passion Capital, and Sofia Angels Ventures, as well as the family offices of several DAX-listed executives and entrepreneurs.
“With behavior-based AI coaching, we offer global companies an effective and scalable way to identify and establish successful patterns in sales or service across the company,”
explained Christoph Hohenberger, Co-CEO of Retorio, and adds:
"This allows companies to adapt to new market conditions much more quickly and assert themselves in the increasingly tough global competition. The enormous demand for our solution and the positive impact on its business development demonstrate that this is the right approach. Our revenues are growing at triple-digit rates, we have gained new investors, and we are currently preparing to enter the US market."
Charlotte Baumhauer, Investment Manager at Squareone, says:
"Retorio's AI technology opens up growth potential for companies that is barely utilized today. Through the smart use of behavioral data, Retorio is able to increase a company's sales performance many times over."
