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{privatescope} GmbH

{privatescope} GmbH

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Category
Business Description
Our annually licecnzed B2B software "openTurtle metadata" and "SPICE microtubes" reads automatically data from any source and creates value directly at data’s origin, without need to save it into Data Lakes / Datawarehouse / ETL.
Long Business Description

Problem: A huge amount of digital data is off little use: it is on outdated systems or is not in a quality that can be used. Data warehouse approaches and ETL (Extract-Transform-Load) are usually unsuitable as a solution, especially for smaller companies: too expensive, too complex, too complicated. This forces companies to solve the problem manually through programming, which is costly and inefficient.

Solution: We develope openTurtle metadata and SPICE microtubes.
Our software reads data from any source and creates value directly at data’s origin. Our technology has several advantages over ETL/ELT solutions:
We let machines „talk“ to each other and save on staff, storage, energy and time.

Customer benefits: Up to 65% cost-saving. No need for expensive data duplication or ETL/ELT.
Minimal personal resources are necessary. Fast ROI and moderate Cost2Connect. Ideal for recurring tasks. Transparent plans. Written in C++, software fits in any environment. It’s sustainable.
Made in Germany, it represents a new quality of German engineering.

Business: Our business model is based on recurring revenue: basic editions or individual products are licensed on an annual basis. Sales are made online and through partner channels.

Vision: {privatescope} becomes a leading provider in the EU: openTurtle metadata and SPICE microtubes will become the standard technology to use across industries and countries. SMEs in the EU will discover new opportunities of data usage.

Status: The first big customer from the logistics industry: data migration, merging and data provision for machine learning.{privatescope} is looking for capital to implement further customer requests
and to finance further development. {privatescope} is BAFA / INVEST - eligible.

Based in
Hamburg
Tags
data, metadata, recurrent, microtubes, saas
Total Funding
No funding announced yet
Founded
2020
Website
https://www.privatescope.com
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