Austria Circly Stops Tender

With the AI kit of the GreenTech start-up the sales of goods as well as the effects of marketing campaigns and the required staffing can be forecast. During a discussion Jochen Danninger the state councilor for economic affairs was able to convince himself of the innovative software of the St. Plten start-up. Circly has recognized the signs of the times and developed a self-learning autonomous sales forecast software that even laypeople can use easily and thus make their operations more efficient and at the same time more sustainable emphasizes Danninger. Tecnet supports the startup in the early start-up phase with the new financing instrument SAFE quickly and unbureaucratically.The waste of resources and food in retail is a well-known problem. Because producers and retailers try to meet consumer demands through constant availability of goods. The results are inefficiency and increased expenses due to tied up capital additional costs for transport storage and handling and in the worst case the disposal of valuable resources such as B. Food and other perishable goods.The Circly founders Eric Weisz Armin Kirchknopf and Bernhard Lutzer came up with the idea for a sales forecast software two years ago. After the market analysis it quickly became clear that the existing solutions were too expensive and too rigid for the broad market or required too much programming effort. Therefore Circly developed preconfigured AI models that make it possible to use the potential of big data machine learning and data science without specialist knowledge in order to calculate precise and flexible demand sales and budget forecasts. In February the company was founded in St. Plten. The target group are manufacturing and trading companies in the food sector such as grocers and food producers.The lead and the development of smart solutions can lead to us using technologies instead of bans in order to achieve our climate goals. When this goes hand in hand with optimizing profit margins we create win-win situations that are fun explains Circly founder Eric Weisz. The Lower Austrian venture capital fund tecnet equity was the first investor to recognize Circlys potential at an early stage and is supporting the young company with the SAFE Simple Agreement for Future Equity. With its AI approach the GreenTech startup solves several central challenges of our time. Circly comes in to plan and optimize precious and scarce resources in an uncomplicated manner.Armin Kirchknopf and Eric Weisz already know each other from their previous company Ordito which they started in the Creative pre-Incubator program at the FH IMC Krems. There they planned to predict order quantities in the hospitality industry. Ordito was sold to Kastner in December 2020. Circly is also looked after by accent the incubator of the state of Lower Austria. Within a few months the experienced entrepreneurs were able to win two prominent reference customers Austrian Post and Kastner.