GERMANY – traide, a Berlin, Germany-based AI startup providing a B2B SaaS platform to automate customs processes, raised a seven-figure euro funding.
The round was led by High-Tech Gründerfonds (HTGF) with participation from Smart Infrastructure Ventures, Prequel Ventures and angel investors including the founders of Taxdoo and Byrd. The company intends to use the funds to further develop and scale the AI-based SaaS solution.Founded in 2021 by Leonie Althaus, Philipp Friebertshäuser and Hendrik Niemann, Traide leverages cloud and AI technologies to enable companies of all sizes and industries to meet their customs obligations and automate their customs processes. Its SaaS tool uses the globally standardised customs tariff and employs state-of-the-art AI models to translate companies’ individual product information into the required customs data. This allows traide to create an automated and secure customs declaration – traditionally a manual process.10/09/2023
