4 SaaS Startups in Portugal

January 24, 2023

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SaaS startups have become the darling of Venture Capital investors, especially in Portugal. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 4 VC funded SaaS startups in Portugal .

DocDigitizer

DocDigitizer used AI/ML for data extraction and improved human in-the-loop to cut costs by more than 50%. Our principal clients include Banks, Insurers, Telcos, Logistics, and Governments. Documents into Data in Seconds saw a 6x growth in 2020, and a further 6x growth is anticipated in 2021. Speed & Accuracy Exceeding Humans. You can securely record, extract, and transform bills, receipts, and invoices into structured data for use in your mobile app, website, or back office with the help of a fully integrated suite of data transformation solutions.

Company details:
Founders:
Gonçalo Caeiro, João Fernandes
Founded:
2017
Based in:
Lisbon, Lisboa, Portugal
Website:
DocDigitizer
Industries:
Artificial Intelligence, Document Management, FinTech, Machine Learning, SaaS, Software
Latest funding:
$945,560
Seed
15 September 2021
Total funding:
$1,385,204
Investors
Bewater Funds, Joyn Ventures

Infraspeak

We are Infraspeak, a leading worldwide technology firm that is revolutionizing the facilities management industry with an innovative platform for intelligent maintenance management. In order to fulfill our purpose of being a source of good living for our community, our customers, and our partners, we provide facilities and maintenance management teams with the technologies they need to tackle their own, specific obstacles. At Infraspeak, we've always recognized the value of intelligence, adaptability, and connectedness while attempting to compete in a world that is getting more complicated and demanding. We take pleasure in our ability to provide a solution for teams of various sizes across a variety of sectors today. Infraspeak is the intelligent maintenance management system that transforms challenging maintenance operations into a world of data, automation, and high performance. It is used by business owners, maintenance and facility managers, and technicians to deliver the best service possible, as expected, and on time.

Company details:
Founders:
Felipe Ávila da Costa, Luís Martins
Founded:
2015
Based in:
Oporto, Porto, Portugal
Website:
Infraspeak
Industries:
Asset Management, Facility Management, Information Technology, Internet of Things, Property Management, SaaS, Software
Latest funding:
$11,283,816
Series A
6 December 2021
Total funding:
$16,724,934
Investors
500 Global, Indico Capital Partners, Innovation Nest, Firstminute Capital, Knight Capital

Reckon.ai

Reckon.ai have been working with several retail customers for the last years and they found that the task of competitive analysis in this vertical is still in the early days of what modern technology can do for them. You wouldn’t believe the number of problems and inefficiencies screaming for solutions in the digital age. So they decided to build Reckon, a cloud platform for smart retail product analysis and price comparison that uses powerful machine learning algorithms, data fusion and computer vision to reshape the way retailers get their competitive intelligence data.

Company details:
Founders:
Ana Pinto, Paulo Ribeiro
Founded:
2017
Based in:
Lisboa, Lisboa, Portugal
Website:
Reckon.ai
Industries:
Artificial Intelligence, Big Data, Image Recognition, SaaS, Software
Latest funding:
$1,772,842
Seed
8 September 2021
Total funding:
$1,772,842
Investors
Portugal Ventures, Bright Pixel, WISENEXT, Armilar Venture Partners, Dominique Locher

Stratio

Stratio is the World’s Leading Real-time Predictive Fleet Maintenance Platform. The company’s proprietary technology combines large-scale processing with the latest machine learning techniques to prevent hundreds of thousands of breakdowns from happening every day, thus saving millions of people from the hassle of public transportation delays, postponed deliveries, or late arrival of essential goods. Stratio’s platform enables zero downtime for 5 of the 10 largest transportation companies in the world. Fleet operators in Europe, North America, Asia-pacific, and Latin America trust Stratio’s technology to fully leverage the data under the hood to safeguard operations, and keep customers happy. Stratio’s technology has enabled transportation for 1.3 billion people so far.

Company details:
Founders:
Ricardo Margalho, Rui Sales
Founded:
2017
Based in:
Lisbon, Lisboa, Portugal
Website:
Stratio
Industries:
Artificial Intelligence, Automotive, Big Data, Fleet Management, Logistics, Machine Learning, SaaS, Transportation
Latest funding:
$12,000,000
Series A
29 November 2021
Total funding:
$15,365,459
Investors
LocalGlobe, Crane Venture Partners, Forestay Capital

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