Munich-based regulatory tech startup Certivity has raised €1.4 million in an Earlybird UNI-X-led round. The fresh legislature will be used to continue the development of the SaaS product as well as augment the team size.
Keeping products on the up and up and on track and on time and budget and meeting strict government and industry guidelines can be quite the challenge. And that’s in a world where the rules and regulations haven’t really changed that much for as many years.
But if you’re talking about Munich and regulations, there’s one industry that immediately springs to mind, and it’s this vertical that Certivity is catering to first: the automotive.
With the tectonic plates of the automotive industry in flux, Certivity is helping car makers ensure that their automated and autonomous driving and EV developments are not only meeting the bar, but meeting the bar the first time, on time, and on budget.
“After identifying the huge pain point Certivity is addressing, it was clear to me that a solution like this would massively improve the engineering processes of several industries and that the integration of such a software will definitely become a must-have in the upcoming years,” says Natalia Ahmadian from the Earlybird UNI-X Investment Team.
In addition to Earlybird UNI-X’s lead, Certivity also saw participation from High-Tech Gründerfonds (HTGF) as well as a number of undisclosed angel investors.
On the investment HTGF’s Kilian von Berlichingen commented, “Certivity has developed an incredibly strong software which has already convinced different players in the automotive industry. We are very much convinced that the founding team is the right one to tackle this regulatory problem, which has become one of the biggest challenges for OEMs and their suppliers.”