Ogre AI wins CEE Startup Challenge IX (organized by Vestbee)

Ogre AI, startup focused on data science and specialized in providing solutions for the energy sector, based on machine learning (ML) and artificial intelligence (AI), won yesterday, December 7, the CEE Startup Challenge competition organized by Vestbee.

Vestbee is the main ecosystem platform for startups in Central and Eastern Europe connecting global investors (business angels, accelerators, venture capital funds, corporations) with thousands of European startups in various technology fields. Nominated among the 10 finalists of the competition at the end of November, by a jury made up of over 70 representatives of investment funds, the Ogre AI company went through the final stage of live presentations yesterday to finally reach the first position, being announced also winner of the CEE Startup Challenge 2023.

“We are excited to win this competition, especially since an impressive number of investment experts participated in the evaluation of all the entered startups. This is yet another validation of our business model and the market approach that Ogre AI has. Winning the CEE Startup Challenge 2023 also gives us a strong impetus to continue with even more energy the development of modern technological solutions that already contribute to the migration towards greener and more sustainable energy alternatives”, says Matei Stratan, CEO and co-founder of Ogre AI.

The company was named Vestbee’s startup of the month in September, the month in which it completed a €625,000 funding round with Soulmates Ventures.

Ogre AI has ambitious medium and long-term development plans, including reaching recurring revenues of 1 million euros in one year and covering 90% of the Romanian energy market and 70% of the Greek market. Active on the markets of Great Britain, Romania and Greece, Ogre AI has among its clients powerful players in the field of energy including Enel, CEZ, Engie, PPC, DEER or E.ON. Ogre AI provides technology solutions that forecast power generation, consumption, technological and commercial network losses and various anomalies in the system.

About Finalists:

Ogre Artificial Intelligence

The winner of this year’s edition of the CEE Startup Challenge, Ogre AI, is an automated B2B platform that uses machine learning to offer financial and operational decision-making support to energy & utilities companies. At Ogre, it is believed that data science and artificial intelligence are shaping the future of the energy industry, so they continuously strive to innovate their products, while putting clients and partners at the forefront of the research and technological process development.

Talkie.ai

Holder of the 2nd place, Talkie.ai is transforming patient-provider communication through AI-driven voice technology, streamlining administrative tasks and elevating patient care. Patient interaction is simplified with medical clinics and appointment management through Talkie.ai’s virtual front desk, equipped with service-ready intelligent voicebots. What’s more, it eliminates call queue waiting times entirely, enhancing efficiency. This not only eases the workload of clinic staff but also reduces operating costs for improved overall effectiveness.

Behavio

The third-place winner, Behavio, is a B2B SaaS platform for marketers, delivering insights in the relation between marketing spend and revenue through research. Instead of triggering excuses, Behavio assigns tasks, like gauging immediate product preferences or brand recognition. What’s more, the online research aligns with EEG and eye scanner results, ensuring quality data collection on a large, representative sample of users’ target group, adhering to sociological standards.

Ender Turing

Next on our selection, Ender Turing, is a real-time behavior analytics for B2C enterprises to boost revenue and customer satisfaction. It identifies top performers across calls, chats, and video meetings and enables users to see call center KPIs & agent progress. As a consequence, the users of Ender Turing speed up quality control, coach agents, and skyrocket customer satisfaction.

Magma

The forthcoming name on our list, Magma is an artistic platform which empower creators on their creative journey by supporting and letting them unlock their full potential. This collaborative platform brings artists, teams and communities from across the world together to innovate, collaborate and express themselves.

V-Art

V-Art offers an automated IP licensing solution for brands, creators, and AI developers. The platform includes an NFT+ marketplace, virtual exhibition tech, and networking tools. It streamlines licensing cycles for higher revenues and tackles the challenge of bringing the art world’s experiential aspects into a virtual format. V-Art emphasizes cultural and commercial reconciliation, allowing users to showcase and transact digital art.

Sales Forge

Salesforge is an all-in-one sales execution app that gives every sales team the highest probability to hit their target. It is done by enabling real-time AI & machine learning as the answer for escalating software costs. Sales Forge all-in-one app was created for scalable personalized cold email outreach.

Culturepulse

The next on the list, Slovakian start-up, CulturePulse aids businesses in communicating with potential customers to minimize negative reactions. It constructs accurate digital twins, assessing messages against audience beliefs and values. The platform quantifies various factors, including anger, anxiety, personality, morality, family, friends, finances, inclusivity, racism, hate speech, and 80+ cultural categories.

HearMe

HearMe provides mental health support for employees by setting 1:1 sessions with therapists, coaches, and business mentors, ensuring anonymity and security. Unlike a marketplace, HearMe’s team undergoes rigorous verification. These specialists bring a wealth of experience, having run businesses, worked in HR, conducted workshops, developed mentoring paths, and taught at educational institutions.

DeRisk

DeRISK RMS is real-time B2B SaaS platform for corporate treasury and hedging. It helps companies manage cash, currency and commodity exposures in real-time, integrating 1000+ ERP sources and banks. Their system-agnostic solutions empower clients to oversee cash, liquidity, and market risk through a unified platform.

Related Posts:

CEE Startup Challenge VIII – TOP 10 Companies From Central & Eastern Europe(by lya Mikhalchyk-Kananenka, Community Builder, Vestbee)

CEE Startup Challenge VII – TOP 10 Innovative Companies From Central & Eastern Europe(by Agata Szewczykowska, Vestbee)

European Startup Challenge – Top 10 Innovative Regional Companies(by lya Mikhalchyk-Kananenka, Community Builder, Vestbee)