# Squirro

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

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.squirro.com
- Total disclosed funding: $21M
- Latest round: Series B (May 20, 2018)
- Investors on record: 3

## About

Squirro AG is a technology company specializing in Enterprise GenAI solutions, enabling businesses to optimize operations through AI-driven enterprise intelligence and data insights.Founded in 2012 in Zurich, Switzerland, Squirro AG provides AI-driven enterprise intelligence solutions. The firm has completed a total of 3 deals, with its most recent funding being a GROWTH round where it raised USD 4.00 mn on February 24, 2022. The company was co-founded by Dorian Selz, Felix Hürlimann, Joy Cantilo, Patrice Neff, and Toni Birrer, with Dorian Selz serving as the CEO.Squirro offers an advanced Enterprise GenAI platform that focuses on optimizing operations through AI-driven enterprise intelligence. The core product leverages generative AI and knowledge graph management to extract insights and enhance decision-making processes across various industries, including finance, banking, and telecommunications. Squirro's platform enables users to interrogate data, generate content aligned with brand voice, and automate workflows, ultimately streamlining operations and enhancing collaboration. Notable clients include major financial institutions such as OCBC Bank, European Central Bank, and Standard Chartered, highlighting the platform's effectiveness in enhancing operational efficiencies and generating significant annual savings. Squirro's products and services are primarily marketed and utilized in North America, Europe, and Asia, catering to a diverse client base that includes large enterprises and financial services organizations.Squirro's revenue model is primarily based on subscription services, which provides clients access to its Enterprise GenAI platform and associated components such as enterprise search and knowledge graphs. Clients typically engage in annual contracts, allowing them to benefit from ongoing updates and support. The firm's transactions often involve B2B agreements with enterprises that require tailored solutions for knowledge management, compliance, and operational efficiency. Specific pricing plans are structured around the scale of deployment and the specific features utilized by the clients, ensuring that solutions remain aligned with their operational needs. The platform's proven performance in extracting insights and automating workflows contributes to its appeal, driving sustained contractual relationships with a variety of large-scale users in different geographical markets.Following the most recent funding round in February 2022, Squirro AG plans to utilize the USD 4.00 mn raised to expand its reach in the U.S. market and enhance its technology offerings. The company is also focused on developing new products that will further improve operational efficiencies for its clients. Specific timelines for product launches were not disclosed, but the management aims for a significant impact in the upcoming years.

## Funding rounds

- Series B, May 20, 2018, $11M — ICOS Capital
- Series B, Jul 7, 2017, $10M — Salesforce Ventures, Finch Capital

## Investors

- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B
- Finch Capital (https://capitalatlas.ai/funds/finch-capital) — Series B
- ICOS Capital (https://capitalatlas.ai/funds/icos-capital) — Series B