Berlin-based Kodex AI secures €1.6 million in funding. This round is led by Signals VC, with participation from Techstars, Deutsche Bank, and strategic business angels.
Kodex AI’s vision is to develop an AI-powered copilot tailored to the specific needs of financial services professionals, enabling them to find the right information and make decisions much faster.
In fast-paced industries like financial services, quick access to and analysis of crucial data are paramount. Kodex AI was born out of a personal frustration with manual tasks such as data retrieval that slows down operations and limits valuable time for more impactful tasks.
Thomas Kaiser explained, “During my tenure as a strategy consultant to financial clients at Boston Consulting Group, I personally encountered weeks of late nights combing through reports in search of the right information required for analyses,” “The idea behind Kodex AI is to solve this pain point through an automated tool to instantaneously find, process, and analyze vast amounts of financial data from internal and external sources.”
Gil Perez, Deutsche Bank Chief Innovation Officer said, “For the last year, we have been collaborating closely with Thomas and Claus as part of the Deutsche Bank Entrepreneur-In-Residence program. As a result, Kodex AI developed a solution that addresses the specific needs of a highly regulated industry and has the potential to significantly enhance the efficiency of how financial data is being extracted and analyzed . We are delighted to participate in Kodex AI’s funding round. I look forward to continuing our close partnership helping Thomas and Claus grow their company to meet the quality needs and security requirements of the banking industry.”
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Kodex AI’s vision is also backed by selected angels from the financial and artificial intelligence sector, including: Tobias Hann, CEO of Mostly AI; Sabine Bendiek, Board Member at SAP; Verena Rappel, Board Member at Allianz Services; Barney Hussey-Yeo, Founder of Cleo and Karl Moritz Hermann, former data scientist at Google DeepMind.
About Kodex AI
Kodex AI is at the cutting-edge of AI technology in the financial industry. We are a young VC-funded startup with a vision to revolutionize finance by cutting out tedious manual tasks by up to 90%.