Squirro is a Zurich-based augmented intelligence company that combines human intelligence with AI to deliver contextualised insights to enterprise users. Its core product is an Insight Engine that extracts the most relevant data and displays it directly, via workbench integrations, or through self-service applications. The company closed a $4 million growth equity round and simultaneously acquired U.S. deal-sourcing platform open.exchange to expand its U.S. reach and enhance its technology offering. open.exchange will be integrated with Squirro’s existing applications to broaden the product and increase platform speed and flexibility. Squirro serves global organisations primarily in financial services, insurance, telecommunications, and manufacturing; customers include Bank of England, Standard Chartered, ING, Brookson, Candriam, and Ninety-One. Founded in 2012, the company aims to capitalise on growing demand for AI-derived insights to improve client relations and decision-making for enterprise customers. Squirro is a cognitive insights company offering an advanced context intelligence and insights solution powered by proprietary AI techniques. Its core USPs include Concept Detection, Auto-Discovery, and Anomaly & Trend Detection. The platform serves data-driven organizations across financial services, insurance, telecoms, and manufacturing, with customers such as Brookson, Evalueserve, Investec, Helvetia Insurance, SwissRe, Vontobel and Wells Fargo. Founded in 2012 by Dr. Dorian Selz, Squirro maintains offices in Zurich, Munich, Barcelona, London and New York and operates an R&D team based in Zurich. The company will use new funding to accelerate growth in emerging markets and further strengthen its presence in North America and Europe. The recent financing is intended to reinforce its Zurich R&D capability and support international expansion. Squirro provides a Sales Intelligence digital personal assistant that scans internet channels, social media, private databases and internal systems to surface and continuously update the most relevant information for sales reps, key account managers and marketing professionals. The product is available on Salesforce AppExchange, on SAP Business ByDesign and as a standalone version, and runs on desktops, browsers, smartphones and tablets without the need to synchronize. The company is led by Dorian Selz, Toni Birrer, Felix Hürlimann and Patrice Neff and also maintains an office in Palo Alto, CA. Squirro raised an initial seed funding round (amount undisclosed). The company intends to use the capital to further develop the product, extend the application across additional CRM platforms and to expand its international reach. Squirro is actively hiring.

Total raised

$14M

Funding rounds

3

Latest round

Equity

Latest activity

Feb 2022