{"id":95246,"date":"2023-10-17T14:30:00","date_gmt":"2023-10-17T12:30:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=95246"},"modified":"2023-10-30T17:44:52","modified_gmt":"2023-10-30T16:44:52","slug":"pre-seed-summ-ai","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/95246\/pre-seed-summ-ai\/","title":{"rendered":"Pre-Seed: Million-dollar investment for Summ AI"},"content":{"rendered":"<div class=\"entry-content\">\n<p>Easy language isn&#039;t &quot;just&quot; the avoidance of long sentences, but a defined language style from the field of accessibility that uses short sentences, simple grammar, and additional explanations to make information accessible and understandable for everyone. Until now, texts have been translated manually into easy language, which is expensive and time-consuming. <\/p>\n\n\n\n<p>The Munich startup <a href=\"\/en\/startups\/buzz\/\">Summ AI<\/a> wants to change this with its AI-based technology. Its AI-supported tool, &#039;Summ AI,&#039; automatically translates any complex text into plain language, thus presenting information in an accessible and understandable way. Summ AI&#039;s solution is primarily aimed at government agencies and companies that are subject to legal accessibility requirements or want to offer plain language to communicate inclusively and understandably with customers and employees. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Up to 20 million people affected<\/h2>\n\n\n\n<p>Founder and CEO <strong>Flora Geske<\/strong> explains:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cUp to 20 million people in Germany are currently excluded from important information because they cannot understand complex texts due to learning difficulties, educational disadvantages, or poor German language skills.\u201d<\/p><\/blockquote>\n\n\n\n<p>A problem that has now also been recognized by investors: Venture Stars, M\u00fcller Medien, Jvh Ventures, Superangels, a family office, and business angels are investing a seven-figure sum in the Munich-based startup as part of a pre-seed round. With this investment, Summ AI aims to expand its team, particularly in sales, and further develop its AI-based product portfolio.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Planned B2B market entry<\/h2>\n\n\n\n<p>Summ AI already has customers in the B2G segment. The city of Hamburg, the city of Aschaffenburg, and the Baden-W\u00fcrttemberg Cyber Security Agency rely on the Munich-based solution. The startup is now also planning to enter the B2B market, where the <a href=\"https:\/\/www.bmas.de\/DE\/Service\/Gesetze-und-Gesetzesvorhaben\/barrierefreiheitsstaerkungsgesetz.html\" target=\"_blank\" rel=\"noreferrer noopener\">Accessibility Strengthening Act<\/a>, so companies must expand their barrier-free offering of products and services. <\/p>\n\n\n\n<p>Summ AI was founded in 2022 by Flora Geske, Vanessa Theel and Nicholas Wolf. The three founders tell how they met in <a href=\"\/en\/80752\/summ-interview\/\">Interview with Munich Startup<\/a>:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>&quot;We [ ... ] know each other from our studies at the Technical University of Munich. We met in an interdisciplinary&nbsp;<a href=\"https:\/\/www.tum.de\/studium\/studienangebot\/detail\/finance-and-information-management-fim-master-of-science-msc\" target=\"_blank\" rel=\"noreferrer noopener\">Master&#039;s program in Finance &amp; Information Management<\/a>&nbsp;\u2013 &quot;FIM&quot; for short \u2013 and realized pretty quickly that our team had practically been born with the tools to start a company, as we cover the fields of mathematics, computer science, and economics.&quot;<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Summ AI secures a seven-figure sum in a pre-seed financing round. With this fresh investment, the Munich-based startup aims to expand its sales force and further expand its AI-based product portfolio. <\/p>","protected":false},"author":24,"featured_media":95247,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,4892],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pre-Seed: Millioneninvestment f\u00fcr Summ AI - Munich Startup<\/title>\n<meta name=\"description\" content=\"Summ AI sichert sich in einer Pre-Seed-Finanzierungsrunde einen 7-stelligen Betrag und will damit seinen Sales-Bereich weiter ausbauen.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cms.munich-startup.net\/en\/95246\/pre-seed-summ-ai\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pre-Seed: Millioneninvestment f\u00fcr Summ AI - Munich Startup\" \/>\n<meta property=\"og:description\" content=\"Summ AI sichert sich in einer Pre-Seed-Finanzierungsrunde einen 7-stelligen Betrag und will damit seinen Sales-Bereich weiter ausbauen.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cms.munich-startup.net\/en\/95246\/pre-seed-summ-ai\/\" \/>\n<meta property=\"og:site_name\" content=\"Munich Startup\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/munichstartup\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-17T12:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-10-30T16:44:52+00:00\" \/>\n<meta name=\"author\" content=\"Regina Bruckschl\u00f6gl\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:site\" content=\"@munich_startup\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Regina Bruckschl\u00f6gl\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/\",\"url\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/\",\"name\":\"Pre-Seed: Millioneninvestment f\u00fcr Summ AI - Munich Startup\",\"isPartOf\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg\",\"datePublished\":\"2023-10-17T12:30:00+00:00\",\"dateModified\":\"2023-10-30T16:44:52+00:00\",\"author\":{\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/4733256eff8ed883081bf4d616fa784f\"},\"description\":\"Summ AI sichert sich in einer Pre-Seed-Finanzierungsrunde einen 7-stelligen Betrag und will damit seinen Sales-Bereich weiter ausbauen.\",\"breadcrumb\":{\"@id\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#primaryimage\",\"url\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg\",\"contentUrl\":\"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg\",\"width\":2400,\"height\":1600,\"caption\":\"Das Gr\u00fcnderteam von Summ AI (v. l. n. r.): Vanessa Theel, Nicholas Wolf und Flora Geske\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cms.munich-startup.net\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pre-Seed: Millioneninvestment f\u00fcr Summ AI\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cms.munich-startup.net\/#website\",\"url\":\"https:\/\/cms.munich-startup.net\/\",\"name\":\"Munich Startup\",\"description\":\"Das offizielle Startup-Portal f\u00fcr M\u00fcnchen\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cms.munich-startup.net\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/4733256eff8ed883081bf4d616fa784f\",\"name\":\"Regina Bruckschl\u00f6gl\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b783cd1e1497db1e22684a06f3369381?s=96&d=blank&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b783cd1e1497db1e22684a06f3369381?s=96&d=blank&r=g\",\"caption\":\"Regina Bruckschl\u00f6gl\"},\"description\":\"Nach eigenen Startup-Erfahrungen blickt sie als Redakteurin von Munich Startup nun aus einer anderen Perspektive auf die M\u00fcnchner Startup-Szene \u2013 und entdeckt dabei jeden Tag, wie vielf\u00e4ltig das M\u00fcnchner \u00d6kosystem ist. Startup Stories, die erz\u00e4hlt werden wollen!\",\"sameAs\":[\"https:\/\/cms.munich-startup.net\"],\"url\":\"https:\/\/cms.munich-startup.net\/en\/author\/regina\/\"}]}<\/script>\n<meta property=\"og:image\" content=\"https:\/\/cms.munich-startup.net\/en\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2400\" \/>\n\t<meta property=\"og:image:height\" content=\"1600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pre-Seed: Million-dollar investment for Summ AI - Munich Startup","description":"Summ AI secures a seven-figure sum in a pre-seed financing round and intends to use this to further expand its sales area.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cms.munich-startup.net\/en\/95246\/pre-seed-summ-ai\/","og_locale":"en_US","og_type":"article","og_title":"Pre-Seed: Millioneninvestment f\u00fcr Summ AI - Munich Startup","og_description":"Summ AI sichert sich in einer Pre-Seed-Finanzierungsrunde einen 7-stelligen Betrag und will damit seinen Sales-Bereich weiter ausbauen.","og_url":"https:\/\/cms.munich-startup.net\/en\/95246\/pre-seed-summ-ai\/","og_site_name":"Munich Startup","article_publisher":"https:\/\/www.facebook.com\/munichstartup\/","article_published_time":"2023-10-17T12:30:00+00:00","article_modified_time":"2023-10-30T16:44:52+00:00","author":"Regina Bruckschl\u00f6gl","twitter_card":"summary_large_image","twitter_creator":"@munich_startup","twitter_site":"@munich_startup","twitter_misc":{"Written by":"Regina Bruckschl\u00f6gl","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/","url":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/","name":"Pre-Seed: Million-dollar investment for Summ AI - Munich Startup","isPartOf":{"@id":"https:\/\/cms.munich-startup.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#primaryimage"},"image":{"@id":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#primaryimage"},"thumbnailUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg","datePublished":"2023-10-17T12:30:00+00:00","dateModified":"2023-10-30T16:44:52+00:00","author":{"@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/4733256eff8ed883081bf4d616fa784f"},"description":"Summ AI secures a seven-figure sum in a pre-seed financing round and intends to use this to further expand its sales area.","breadcrumb":{"@id":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#primaryimage","url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg","contentUrl":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg","width":2400,"height":1600,"caption":"Das Gr\u00fcnderteam von Summ AI (v. l. n. r.): Vanessa Theel, Nicholas Wolf und Flora Geske"},{"@type":"BreadcrumbList","@id":"https:\/\/cms.munich-startup.net\/95246\/pre-seed-summ-ai\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cms.munich-startup.net\/"},{"@type":"ListItem","position":2,"name":"Pre-Seed: Millioneninvestment f\u00fcr Summ AI"}]},{"@type":"WebSite","@id":"https:\/\/cms.munich-startup.net\/#website","url":"https:\/\/cms.munich-startup.net\/","name":"Munich Startup","description":"The official startup portal for Munich","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cms.munich-startup.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/4733256eff8ed883081bf4d616fa784f","name":"Regina Bruckschl\u00f6gl","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cms.munich-startup.net\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b783cd1e1497db1e22684a06f3369381?s=96&d=blank&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b783cd1e1497db1e22684a06f3369381?s=96&d=blank&r=g","caption":"Regina Bruckschl\u00f6gl"},"description":"After her own startup experiences, she now looks at the Munich startup scene from a different perspective as an editor at Munich Startup \u2013 and discovers every day how diverse the Munich ecosystem is. Startup stories that beg to be told!","sameAs":["https:\/\/cms.munich-startup.net"],"url":"https:\/\/cms.munich-startup.net\/en\/author\/regina\/"}]},"og_image":[{"width":2400,"height":1600,"url":"https:\/\/cms.munich-startup.net\/wp-content\/uploads\/2023\/10\/Foto-Gruendungsteam_von-links-Vanessa-Theel_Nicholas-Wolf_Flora-Geske-2.jpg","type":"image\/jpeg"}]},"_showyear":"","_inactive":"","_show_financing":"","_hide_on_map":"","_edit_lock":"1698743362:24","_edit_last":"24","_yoast_wpseo_focuskw":"Summ AI","_yoast_wpseo_metadesc":"Summ AI sichert sich in einer Pre-Seed-Finanzierungsrunde einen 7-stelligen Betrag und will damit seinen Sales-Bereich weiter ausbauen.","_yoast_wpseo_linkdex":"72","_thumbnail_id":"95247","wbounce_status":"default","_yoast_wpseo_primary_category":"5633","_yoast_wpseo_focuskw_text_input":"","_yoast_wpseo_content_score":"30","ms_image_format":"contentwidth","_ms_image_format":"field_5cb8587572c8b","ms_dachzeile":"","_ms_dachzeile":"field_5cd9b7f365df5","ms_bump_post_date":"","_ms_bump_post_date":"field_5d1341edcf42a","guest_author_name":"","_guest_author_name":"field_5cee78a6016f9","guest_author_image":"","_guest_author_image":"field_5cee7914016fb","guest_author_description":"","_guest_author_description":"field_5cee78dd016fa","ms_post_image_caption":"","_ms_post_image_caption":"field_5f735b0735284","ms_post_image_credit":"","_ms_post_image_credit":"field_5f735b1435285","suppress_startupbox":"0","_suppress_startupbox":"field_60a64b0b6efc6","_yoast_wpseo_estimated-reading-time-minutes":"2","_wp_old_date":"","_yoast_wpseo_title":"","_yoast_wpseo_wordproof_timestamp":"","footnotes":"","easy_language_simplification_original_id":"","easy_language_source_language":"","easy_language_simplification_language":"","easy_language_api":"","easy_language_prevent_automatic_mode":"","_wp_old_slug":"","_wp_trash_meta_status":"","_wp_trash_meta_time":"","easy_language_simplification_state_changed_from":"","easy_language_de_EL_changed":"","ms_competition_deadline":"","_ms_competition_deadline":"","_wpbitly":"","enclosure":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","wbounce_template":"","wbounce_title":"","wbounce_text":"","wbounce_cta":"","wbounce_url":"","wbounce_override":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_oembed_7131efca3705e16bd9da2c41df237660":"","_oembed_time_7131efca3705e16bd9da2c41df237660":"","_pprredirect_type":"","_pprredirect_url":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_newsletterglue":"","easy_language_text_language":"","_wp_desired_post_slug":"","_relevanssi_noindex_reason":"","_links":{"self":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/95246"}],"collection":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/comments?post=95246"}],"version-history":[{"count":5,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/95246\/revisions"}],"predecessor-version":[{"id":95626,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/posts\/95246\/revisions\/95626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media\/95247"}],"wp:attachment":[{"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/media?parent=95246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/categories?post=95246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cms.munich-startup.net\/en\/wp-json\/wp\/v2\/tags?post=95246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}