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For the fourth time, Hamburg's AI.SUMMIT invited visitors to explore the world of artificial intelligence. This field continues to be dominated by large companies from the US, but startups from Germany also have the opportunity to play an important role. This was demonstrated at an expo with over 20 exhibitors and the AI Startup Awards, where Qdrant made a clean sweep.

© Mathias Jäger/Hamburg Startups: Thomas Rüdel (Kauz.ai)
© Mathias Jäger/Hamburg Startups: Thomas Rüdel (Kauz.ai)

Kauz.ai impressed with its AI platform

Twenty-four startups were originally nominated for the award. In a jury meeting, the winning team was determined in advance, along with two other candidates who were also allowed to pitch at the AI.SUMMIT. Most of the nominees offered software solutions that support companies in analysing and using data or facilitate the introduction of AI applications. This is also true for Kauz.ai from Düsseldorf. Founded in 2016, the company has attracted over 50 customers for its platform solution, which includes a no-code component for software development and is designed to cover 80% of common work processes.

© Mathias Jäger/Hamburg Startups: Colin Bien (WeShyft)
© Mathias Jäger/Hamburg Startups: Colin Bien (WeShyft)

WeShyft makes sustainability lucrative

WeShyft was at the starting line for Hamburg. The obligation to report on sustainability already affects many companies and will increase in the future. This will require investments to meet ESG criteria in the areas of environment, social affairs, and corporate governance. WeShyft uses artificial intelligence to support this process and determines how savings and even profits can be achieved. The target group is primarily small and medium-sized enterprises.

© Mathias Jäger/Hamburg Startups: award ceremony for Qdrant with Evgeniya Sukhodolskaya (center)
© Mathias Jäger/Hamburg Startups: award ceremony for Qdrant with Evgeniya Sukhodolskaya (center)

Double victory for Qdrand with vector technology

A vector is a form of representation of complex unstructured data, for example from texts, images, and videos. Processing this data using AI is still associated with errors, known as hallucinations. Special vector databases and search engines can significantly reduce the error rate. The Berlin-based startup Qdrant specialises in this and has already achieved great success, including a financing round of 28 million US-dollars. The open-source concept also met with approval from both the jury and the audience, enabling Qdrant to win two awards.


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Startup City Hamburg

At Startup City Hamburg you can find Hamburg’s inspiring startup ecosystem gathered into one space.


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