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The Venture Codex

SAP

Dietmar-Hopp-Allee 16, Walldorf, Baden-Württemberg, 69190, Germany

Overview

SAP is a technology company that develops enterprise application software for companies and industries across diverse sectors. The company offers solutions covering various lines of businesses, including asset management, commerce, finance, human resources, manufacturing, marketing, sales, services, sourcing and procurement, supply chain, and sustainability as well as research and development, and engineering.

Total investments
26
Lead investments
4
Investments · 12mo
3
Active investors
13

Sector focus

  • Analytics
  • Business Intelligence
  • Business Process Automation (BPA)
  • Computer
  • Data Management
  • Finance
  • Software
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Investment portfolio

  • Conduct

    Participated · Series A · Jun 2026

    Founded in 2024 and based in London, Conduct builds AI software that analyses code and configurations across enterprise systems to make legacy ERP systems legible and operable. Its platform uses AI to help companies understand ERP systems, accelerate software changes, support SAP migrations and reduce IT maintenance. Conduct's customers include Daimler Truck, Heidelberg Materials and DHL. The company employs around 35 people and is expanding its engineering and go-to-market teams, including hiring in the U.S. Conduct was founded by three former Palantir employees.

  • Prior Labs

    Led · Equity · May 2026

    Prior Labs develops vertically integrated AI hardware and enterprise-grade software, aiming to enable high-performance models to run locally. The company plans to launch a new AI device on July 15, 2026, with a retail price of €999. Published device specifications include a Qualcomm Snapdragon processor, 32GB of RAM, 1TB of storage, a 6.7-inch OLED display, and a 4500mAh battery; unconfirmed reports mention a possible 120Hz refresh rate and a custom Android variant optimized for AI scheduling. Prior Labs positions these devices to reduce latency and improve data privacy and regulatory compliance for enterprise customers. The company is using its recent SAP investment to expand research facilities and scale operations, which the article says could create thousands of skilled jobs. The strategy emphasizes building a Europe-based AI stack that competes with global players through localized infrastructure rather than relying primarily on cloud-based LLM approaches.

  • Deepgram

    Participated · Series C · Jan 2026

    Deepgram operates a speech and voice AI platform positioned as infrastructure for developers and enterprises rather than a consumer app. Its platform powers over 200,000 developers and 1,400 organizations, and has processed more than 50,000 years of audio, transcribing over a trillion words. The company has seen rapid APAC growth, with a 96% year‑on‑year increase in API requests and presence in more than 20 APAC markets covering multiple regional languages and dialects. Deepgram plans to open an Asia‑Pacific headquarters in Singapore and expand local sales, support, and low‑latency inference infrastructure to better serve regulated industries and reduce latency. The firm has emphasized low‑latency inference and localized language expertise as key differentiators against large cloud providers and other speech specialists.

  • Datricks

    Participated · Series A · Sep 2024

    Datricks provides an AI-driven risk mining platform that automatically analyzes and maps entire business processes across systems such as SAP, Oracle, and Salesforce. The platform extracts and correlates data to reverse-engineer comprehensive financial workflows, detect anomalies and fraud patterns, provide detailed root-cause analysis, and in many cases automatically remediate issues. Datricks’ solution requires zero configuration and begins surfacing issues within a week of connecting to an organization’s financial data sources. The company says its platform has prevented hundreds of millions in losses and that more than a trillion dollars in transactions have passed through its intelligence engine. Customers include large global enterprises such as Element Solutions, HELLA FORVIA, Teva, CyberArk, and ICL Group, and partners include major consulting firms like Deloitte, EY, KPMG, and PwC. Datricks recently expanded its commercial partnership with SAP and launched Datricks for Risk Mining as an SAP Endorsed App, positioning the company to further scale enterprise adoption.

  • TechWolf

    Participated · Series B · Jun 2024

    TechWolf has developed an AI engine that connects to internal systems (project trackers, documentation, research repositories) to infer employees’ skills from their digital work traces and present that data to managers and internal recruiters. The product is positioned to help organizations identify internal talent, connect people to projects, and guide training decisions rather than sourcing external hires. TechWolf counts customers such as GSK, HSBC and Booking.com. The founders—Andreas De Neve, Jeroen Van Hautte and Mikaël Wornoo—started the company in 2018 while at the University of Ghent and Cambridge and are based in Ghent, Belgium. The team initially aimed to build an external recruiting HR platform and its own language model but pivoted after customers asked them to apply the technology to internal employees instead. The company says it is focused on solving the skills problem and is deliberately not expanding into broader enterprise search or BI products right now. TechWolf is a Belgian AI-driven skills intelligence startup providing an HR tech platform that enables large companies to become skills-based organizations. Founded in 2018 and based in Ghent, the company uses AI to deliver an instant, up-to-date and unbiased view of workforce skills. Its platform acts as a connective layer between platforms, databases, and tools in the skills ecosystem. Clients include bp, GE Healthcare, and other global Fortune 500 companies. TechWolf plans to use the €10.0M Series A to execute its go-to-market strategy, ramp up international expansion, and continue investing heavily in R&D. The company closed the €10.0M Series A in May 2022, led by Stride.VC with participation from Fortino Capital, Acadian Ventures, PMV, and Syndicate One.

Team

  • Claus Wellenreuther

    Founder

  • Klaus Tschira

    Founder

  • Hans-Werner Hector

    Founder

    LinkedIn
  • Dietmar Hopp

    Founder