Ariel Lüdi invests in Squirro
Author: Stefan Kyora30.12.2015 09:56
Big data start-up Squirro confirmes the closing of a 7-digit financing round in 2015.
Squirro’s solutions enable organizations to efficiently access and analyze structured and unstructured data equipping them with near real-time and meaningful insights. The solution is based on a smart filter technology which allows users to search easily without the need to formulate complex queries. The company offers three different solutions: customer insights, service insights, risk insights. As the names imply the solutions are helping Squirro customers to know more about their customers, about their service deliverables and their risks regarding contracts and compliance. Squirro’s customers come from different industries such as manufacturing, IT services, asset management and media and include corporations like ABB.
The company was founded by Dorian Selz (CEO), Felix Hürlimann, Patrice Neff and Toni Birrer. The founders are quite experienced. Dorian Selz for example co-founded the Swiss search platform local.ch and was its CEO until December 2008. He was also a partner & COO at Namics, Switzerland’s largest E-Business consultancy.
Ariel Lüdi, the investor, is also very experienced. From 2004 to August 2015 he was CEO and Board Director at hybris, a company sold to SAP in 2013. According to several articles, the deal was worth around $1billion. Lüdi has invested in several Swiss start-ups including Scandit, dizmo, Uepaa, Privately, quipp and Archilogic.