Berlin-based Qorelo has secured €3 million ($3.5 million) in a Seed round, just five months after its founding, co-led by HPI Ventures and Caesar Ventures. This funding will be used to hire engineering and sales talent to scale its AI engine for SAP ERP modernization, which the company claims reduces project delivery timelines by 45%. Qorelo targets the €37.8 billion ($44 billion) global SAP S/4HANA transformation market, where only 8% of migrations are completed on time.
Amount: $3.0M
