Webdata Solutions, founded in 2012 as a Leipzig University spin-off, builds a big-data service called Blackbee that crawls the web in real time to help retailers and manufacturers monitor competitors. Blackbee structures large amounts of product data and enables day-to-day monitoring of competitor price points, automation for pricing management, benchmarking of market trends, and attribute-level monitoring (colors, brands, availability and more). The company says its algorithm analyzes products using multiple semantic cues rather than relying solely on standard product codes. Blackbee is currently available in Germany, Austria, Switzerland, Italy and Turkey, with the UK next and other European markets and the U.S. planned. To support product development and further international expansion, Webdata Solutions closed a €4 million (~$4.5M) funding round. The company is led by founder and CEO Carina Röllig.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2015