# nyris

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nyris

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.nyris.io
- Total disclosed funding: $9.8M
- Latest round: Series B (Oct 10, 2022)
- Investors on record: 7

## About

Based in Germany, nyris GmbH specializes in advanced visual search technology, providing innovative solutions for spare parts identification and retrieval across various sectors such as manufacturing and e-commerce.Founded in 2015 and headquartered in Berlin, Germany, nyris GmbH is focused on enhancing visual search capabilities. The company has successfully raised EUR 10 million in Series B funding on October 10, 2022, led by the European Innovation Council, among other investors. The company has completed 2 deals to date, with its current valuation at EUR 52.06 mn. The leadership includes co-founders Anna Lukasson-Herzig and Markus Lukasson.Nyris specializes in advanced visual search technology, offering a suite of products designed to revolutionize spare parts identification and retrieval in sectors such as manufacturing, e-commerce, and maintenance, repair, and operations (MRO). Their core products include a custom visual search engine that leverages images, keywords, codes, and 3D CAD files to deliver accurate results for thousands to millions of items in milliseconds. Nyris' offerings are utilized by a diverse client base, including industry players like IKEA and DMG MORI, in geographical markets spanning Europe, North America, and Asia. By enabling employees and customers to identify spare parts quickly and efficiently, Nyris helps mitigate the skills gap affecting these industries.Nyris generates revenue through a combination of subscription-based models and partnerships with businesses seeking to enhance their visual search capabilities. The company offers a No-Code Search Suite, which allows clients to implement its technology without requiring technical expertise, alongside developer-friendly APIs for seamless integration into various digital platforms. Clients may engage in annual contracts or pay-per-use plans, depending on their specific needs and the scale of implementation. The flagship products, including the Spare Parts Search Suite and Visual Search APIs, are tailored to facilitate rapid identification of spare parts, thereby driving aftermarket sales and operational efficiency. Specific pricing details for these offerings remain undisclosed, reflecting the company's focus on customized solutions for diverse client requirements.In October 2022, nyris GmbH raised EUR 10 million in Series B funding, which will be used to further develop its platform. The company plans to expand its product offerings and is targeting new geographic markets, though specific markets for the upcoming expansion have not been disclosed. This strategic funding will support product innovation and enhance the capabilities of their visual search technology.

## Funding rounds

- Series B, Oct 10, 2022, $9.8M — eCAPITAL, TRUMPF Venture, European Innovation Council, SEK Ventures, MÜCKE ROTH & COMPANY, Inter IKEA Group, Mücke & Sturm Beteiligungsgesellschaft mbH

## Investors

- eCAPITAL (https://capitalatlas.ai/funds/ecapital) — Series B
- TRUMPF Venture (https://capitalatlas.ai/funds/trumpf-venture) — Series B
- European Innovation Council (https://capitalatlas.ai/funds/european-innovation-council) — Series B
- SEK Ventures — Series B
- MÜCKE ROTH & COMPANY — Series B
- Inter IKEA Group — Series B
- Mücke & Sturm Beteiligungsgesellschaft mbH — Series B