# Talpasolutions

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

- Industry: Software
- Headquarters: Essen, Germany
- Website: www.talpasolutions.com
- Total disclosed funding: $21M
- Latest round: Series B (Feb 10, 2023)
- Investors on record: 9

## About

Based in Germany, Talpasolutions GmbH specializes in advanced data analytics solutions for the off-highway industry, focusing on optimizing operations for fleet owners and Original Equipment Manufacturers (OEMs).Talpasolutions GmbH, founded in 2016 in Essen, Germany, develops innovative data analytics solutions tailored for the off-highway sector. The company was founded by Artem Zitzer and Kai Meschede, and is currently led by CEO Sebastian-Friedrich Kowitz. As of February 10, 2023, Talpasolutions raised EUR 15 million in Series B funding, which brings the total amount raised to EUR 15 million and a current company valuation of EUR 41.985 million. The funding round was co-led by MIG Verwaltungs AG and Robert Bosch Venture Capital, with participation from new and returning investors.Talpasolutions specializes in advanced data analytics solutions tailored for the off-highway industry, prominently focusing on both fixed and mobile assets. Their core offering is the TALPA predictive analytics platform, which integrates real-time and historical data from machinery and equipment to optimize operations for fleet owners, operators, and Original Equipment Manufacturers (OEMs). This platform addresses critical industry challenges such as unscheduled downtime, asset lifespan extension, and enhanced operational planning and dispatching. The company serves a diverse client base that includes fleet operators in sectors like mining, logistics, and construction, facilitating improved decision-making and efficiency. Talpasolutions primarily markets its solutions across Europe, particularly in Germany and surrounding regions, and has also established partnerships with key engineering and manufacturing firms to enhance its market presence.Talpasolutions generates revenue through a subscription-based model for its TALPA predictive analytics platform, allowing clients to access ongoing software updates and support services. The firm engages in B2B transactions, primarily partnering with fleet operators and OEMs who utilize the platform to gain actionable insights and optimize their operations. The revenue structure is supported by service agreements and maintenance contracts, ensuring that clients receive continuous value from the platform. The company emphasizes the importance of its predictive analytics capabilities, which aim to deliver significant cost savings and operational efficiencies for users in heavy industry. These arrangements facilitate a structured and recurring revenue stream that aligns with the clients’ need for reliable data-driven solutions.Following the EUR 15 million raised in Series B funding on February 10, 2023, Talpasolutions plans to enhance its industrial intelligence platform and expand its offerings from mining into construction, logistics, and other heavy industries. The recent funding will support these initiatives, allowing the company to develop new products and explore new market opportunities beyond its existing sectors.

## Funding rounds

- Series B, Feb 10, 2023, $16M — NRW Bank, Robert Bosch Venture Capital, High-Tech Gruenderfonds, MIG Capital, RAG Stiftung, Hannover Digital Investments GmbH, Grunderfonds Ruhr, F-LOG Ventures, Prospect Mining Studio
- Series A, Jul 9, 2021 — NRW Bank, F-LOG Ventures
- Series A, Nov 18, 2020, $5.3M — NRW Bank, High-Tech Gruenderfonds, RAG Stiftung, Grunderfonds Ruhr, F-LOG Ventures

## Investors

- NRW Bank — Series A, Series B
- High-Tech Gruenderfonds (https://capitalatlas.ai/funds/high-tech-gruenderfonds) — Series A, Series B
- RAG Stiftung — Series A, Series B
- Grunderfonds Ruhr — Series A, Series B
- F-LOG Ventures (https://capitalatlas.ai/funds/f-log-ventures) — Series A, Series B
- Robert Bosch Venture Capital (https://capitalatlas.ai/funds/robert-bosch-venture-capital) — Series B
- MIG Capital (https://capitalatlas.ai/funds/mig-capital) — Series B
- Hannover Digital Investments GmbH — Series B
- Prospect Mining Studio — Series B