IST Cube has contributed to a seed round for Prewave, an artificial intelligence spinout from TU Wien that will use the money to boost sales and marketing activities.
Prewave, an Austria-based artificial intelligence (AI) spinout from TU Wien, closed a seed round of undisclosed size today led by IST Cube, an investment fund backed by Institute of Science and Technology Austria.
Pioneer Ventures also contributed to the seed round.
Founded in 2017, Prewave is working on AI technology that generates risk assessments based on social media and news data. The spinout has developed a working prototype aimed at supply chain management.
The technology is also expected to…
