Karma Ventures

WunderGraph is a developer-focused company that offers a next-generation framework designed to streamline the workflows of frontend, fullstack, and backend developers. Its open-source platform allows users to access various data sources through a single application programming interface, enhancing the efficiency of application development. The platform includes features such as a storage registry, analytics, metrics, tracing, and routing capabilities, which facilitate the instrumentation of graphs and subgraphs. This enables developers to effectively build, deploy, and manage databases alongside third-party APIs across diverse backend environments.

Patchstack is a developer of an application security platform that offers comprehensive threat intelligence services. The company provides a web security suite designed to protect commercial websites built on content management systems. Its platform includes features such as live protection, patch management, web application firewall, uptime monitoring, domain reputation checks, and security scans, all accessible from a single dashboard. This integrated approach allows digital agencies and developers to effectively monitor and maintain their entire client portfolio, safeguarding against mass hacking and cyber vandalism. By analyzing thousands of hacking incidents daily, Patchstack ensures that users receive critical information and timely updates to enhance their website security.

Pactum AI, Inc. is a technology company based in Mountain View, California, specializing in artificial intelligence solutions for commercial negotiations. Founded in 2019, the company has developed an AI-driven platform that automates personalized negotiations for global enterprises, enabling them to renegotiate vendor contracts quickly and efficiently. The platform operates through a chat-like interface, utilizing best practice strategies to facilitate win-win agreements on a large scale. By managing multiple parallel negotiations simultaneously, Pactum helps organizations free up resources for more complex discussions while enhancing operational efficiency and reducing errors. The company also has engineering and operations teams based in Estonia and is backed by notable founders from successful tech ventures.

BforeAI specializes in proactive cybersecurity solutions, utilizing predictive attack intelligence and digital risk protection services. Powered by its proprietary PreCrime™ technology featuring behavioral AI, BforeAI transforms traditional reactive cyber defense into a proactive approach. The company offers automated threat intelligence, brand protection, adversary disruption, and domain takedowns to swiftly and precisely defend against online fraud. Recognized by Gartner in multiple reports and awarded by the FinTech Innovation Lab New York, BforeAI stands out for its innovative predictive cybersecurity software designed to anticipate and mitigate potential threats before they occur.

Hydrogrid GmbH, established in Vienna, Austria in 2016, specializes in developing software for optimal hydro power control and dispatch. Its SaaS platform enables power plant owners to enhance revenues by aligning production with power markets while reducing daily operational workload. The platform employs machine learning algorithms for hydrological forecasting and manages energy marketing on the electricity market, streamlining complex processes such as power trading, grid management, and water management.

DRUID AI is a company specializing in an end-to-end AI platform designed for enterprise use. Founded in 2018, the company focuses on enabling rapid development and deployment of AI agents, knowledge bases, and intelligent applications to automate business processes and enhance technology return on investment. DRUID AI's solutions facilitate personalized, secure interactions across multiple channels while integrating seamlessly with existing business systems and robotic process automation technologies. The platform leverages proprietary Natural Language Processing technology to interpret user intent, providing contextually relevant information based on behavior and preferences. This empowers developers to create natural and rich interactions between employees, customers, partners, and enterprise systems through text and voice conversations across various channels. DRUID AI has established a network of over 200 partners and serves more than 300 clients globally.

Commsignia, established in 2012, specializes in developing and distributing cooperative intelligent transportation systems. Based in Budapest, Hungary, the company focuses on vehicle-to-vehicle and vehicle-to-infrastructure communication technologies, enabling cars to communicate with each other and with road infrastructure. Their key product, Commsignia V2X Software Stack, is an embedded solution that facilitates these communications on various platforms. Additionally, they offer a range of connected car solutions, including safety applications, a V2X simulator, on-board units, and roadside units. Commsignia's mission is to enhance traffic safety and efficiency by facilitating communication between vehicles, ultimately saving lives and improving traffic flow.

Turan is a financial application focused on enhancing the financial experience for millennials by providing tailored microloans and prepaid cards. The platform is designed to suit users' lifestyles and communicate in their native tongue, making it accessible and user-friendly. Turan aims to simplify the process of money transfers and create a convenient transfer gateway to meet the diverse financial needs of individuals across all Turkish states. Through its innovative offerings, Turan seeks to address the financial demands of its customers while facilitating efficient money transfer solutions.

BforeAI specializes in proactive cybersecurity solutions, utilizing predictive attack intelligence and digital risk protection services. Powered by its proprietary PreCrime™ technology featuring behavioral AI, BforeAI transforms traditional reactive cyber defense into a proactive approach. The company offers automated threat intelligence, brand protection, adversary disruption, and domain takedowns to swiftly and precisely defend against online fraud. Recognized by Gartner in multiple reports and awarded by the FinTech Innovation Lab New York, BforeAI stands out for its innovative predictive cybersecurity software designed to anticipate and mitigate potential threats before they occur.

Jobbatical OÜ is an Estonian company established in 2014 that specializes in connecting professionals with short-term employment opportunities across the globe. It serves as an AI-enabled immigration and relocation platform, streamlining the process of hiring and relocating talent by automating the employee visa process and reducing associated complexities. Jobbatical focuses on providing reliable immigration and settling-in services, allowing employers to onboard team members from diverse locations efficiently. The platform caters to a variety of professionals, including developers, graphic designers, and marketers, who seek to combine work with travel experiences. By facilitating swift approvals and ensuring compliance, Jobbatical addresses talent shortages for employers while making relocation more economical and straightforward.

Lucinity Holding ehf. is a Reykjavík-based company founded in 2018 that specializes in developing advanced software solutions for financial crime compliance, specifically focusing on anti-money laundering (AML) efforts. The company's flagship product, ClearLens, equips financial institutions with tools to detect suspicious behavior patterns, streamline case evaluations, and enhance the overall efficiency of their AML surveillance teams. By integrating augmented intelligence and generative AI, Lucinity aims to reduce review times, improve insights, and optimize operational processes. The platform empowers banks, fintech companies, and payment service providers to better navigate regulatory requirements and mitigate risks associated with money laundering activities. With an additional office located in New York City, Lucinity is recognized for its innovative approach and commitment to delivering exceptional user experiences in the financial compliance sector.

DRUID AI is a company specializing in an end-to-end AI platform designed for enterprise use. Founded in 2018, the company focuses on enabling rapid development and deployment of AI agents, knowledge bases, and intelligent applications to automate business processes and enhance technology return on investment. DRUID AI's solutions facilitate personalized, secure interactions across multiple channels while integrating seamlessly with existing business systems and robotic process automation technologies. The platform leverages proprietary Natural Language Processing technology to interpret user intent, providing contextually relevant information based on behavior and preferences. This empowers developers to create natural and rich interactions between employees, customers, partners, and enterprise systems through text and voice conversations across various channels. DRUID AI has established a network of over 200 partners and serves more than 300 clients globally.

Minut is a technology company established in 2014, with operations in Shenzhen, China, and Malmö, Sweden. It specializes in designing and manufacturing smart home security devices. Minut's flagship product, Point, is a camera-less device that monitors noise, temperature, motion, and other environmental factors within homes. When it detects anomalies, it sends alerts to users' smartphones, enabling them to maintain home security without compromising privacy.

CybExer Technologies, founded in 2016 and headquartered in Estonia, specializes in advanced cybersecurity training solutions. The company designs and maintains sophisticated platforms focused on enhancing cyber capabilities for users at all levels, from ordinary individuals to strategic leadership. CybExer's signature offering is its proprietary cyber range solution, which facilitates highly realistic live-fire exercises. Their services have been employed in some of the world's largest cybersecurity drills.

Tuum is a cloud-native banking platform that is spearheading the next generation of digital innovation in the financial services industry. Built around a microservices architecture, the platform consists of flexible and independent modules covering all retail and business banking capabilities. The platform is API-based for quick and easy integration and can run on all major cloud providers, as well as on private clouds. Founded by a team of banking and technology experts in 2019, Tuum combines technological excellence with in-depth banking knowledge and packages it into a sophisticated, cutting-edge platform. Tuum currently employs over 60 people with offices in Tallinn, Berlin and Malaga.

Infermedica, a digital health company, specializes in AI-powered preliminary diagnosis and triage solutions for insurance companies, hospitals, and health systems. Using artificial intelligence and machine learning, the company assesses symptoms, identifies patterns, and provides safe, reliable recommendations verified by a team of physicians. With over 6 million users worldwide and partnerships with over 50 companies, Infermedica aims to improve customer performance, increase healthcare accessibility, and reduce costs. Their products are available in 17 languages, including in countries like China and the United Arab Emirates. The company, with a team of over 100 people, is expanding its market presence in the United States and Europe, driven by a recent $10.25M investment.

Wirepas Ltd. is a Finnish company established in 2010, specializing in wireless communication solutions for the Internet of Things (IoT). Based in Tampere, Wirepas develops Pino, a unique multi-hop mesh network solution that enables reliable and scalable connectivity for IoT devices. This technology supports the creation of autonomous networks that can expand to millions of devices without the need for traditional infrastructure. Wirepas Pino offers deterministic performance, local radio adaptability, and high reliability, addressing key challenges faced by IoT platforms. The company provides extensive support throughout the design and delivery process, including pre-integrated and tested reference implementations to facilitate IoT connectivity projects across various applications.

Sonarworks Ltd. is a deep-tech audio company based in Riga, Latvia, founded in 2012. The company specializes in developing and licensing sound calibration software that enhances audio quality for both professionals and consumers. Its flagship products include Reference 4, which is available in studio and headphone editions, and True-Fi, designed for everyday listeners. These tools utilize advanced SoundID technology to measure and digitally tune sound devices to individual hearing preferences, ensuring a personalized listening experience. Sonarworks' software is widely adopted in professional recording studios and by audio engineers, as it effectively eliminates noise shortcomings in speakers and headphones, allowing users to enjoy music as intended by the artists. The software is accessible online and through dealers in Latvia and internationally.

CGTrader is a leading online marketplace specializing in the buying, selling, and creation of professional 3D content. It hosts the world's largest collection of licensable 3D models, featuring over 800,000 items and a managed community of nearly two million users, including skilled 3D designers. The platform provides designers with competitive monetization opportunities for their creations. CGTrader serves a diverse range of industries, such as retail, gaming, advertising, animation, 3D printing, and architecture, helping them reduce design costs and accelerate time-to-market. In addition to its marketplace, CGTrader offers enterprise solutions that enable businesses to convert 2D product images into photorealistic 3D models, enhancing customer experiences in augmented reality and other applications. This capability eliminates the need for expensive photo shoots, ultimately leading to increased sales conversions and fewer product returns. With a vast network of talented 3D designers, CGTrader is well-equipped to deliver complex 3D models at any scale.

Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

Tuum is a cloud-native banking platform that is spearheading the next generation of digital innovation in the financial services industry. Built around a microservices architecture, the platform consists of flexible and independent modules covering all retail and business banking capabilities. The platform is API-based for quick and easy integration and can run on all major cloud providers, as well as on private clouds. Founded by a team of banking and technology experts in 2019, Tuum combines technological excellence with in-depth banking knowledge and packages it into a sophisticated, cutting-edge platform. Tuum currently employs over 60 people with offices in Tallinn, Berlin and Malaga.

Infermedica, a digital health company, specializes in AI-powered preliminary diagnosis and triage solutions for insurance companies, hospitals, and health systems. Using artificial intelligence and machine learning, the company assesses symptoms, identifies patterns, and provides safe, reliable recommendations verified by a team of physicians. With over 6 million users worldwide and partnerships with over 50 companies, Infermedica aims to improve customer performance, increase healthcare accessibility, and reduce costs. Their products are available in 17 languages, including in countries like China and the United Arab Emirates. The company, with a team of over 100 people, is expanding its market presence in the United States and Europe, driven by a recent $10.25M investment.

Lucinity Holding ehf. is a Reykjavík-based company founded in 2018 that specializes in developing advanced software solutions for financial crime compliance, specifically focusing on anti-money laundering (AML) efforts. The company's flagship product, ClearLens, equips financial institutions with tools to detect suspicious behavior patterns, streamline case evaluations, and enhance the overall efficiency of their AML surveillance teams. By integrating augmented intelligence and generative AI, Lucinity aims to reduce review times, improve insights, and optimize operational processes. The platform empowers banks, fintech companies, and payment service providers to better navigate regulatory requirements and mitigate risks associated with money laundering activities. With an additional office located in New York City, Lucinity is recognized for its innovative approach and commitment to delivering exceptional user experiences in the financial compliance sector.

AppGyver is a provider of innovative no-code development tools designed for both novice and experienced developers. The company offers user-friendly solutions that facilitate rapid application creation, particularly for business-to-business and business-to-employee applications. Its flagship product, AppGyver Composer, enables users to create and distribute sophisticated apps efficiently. With a focus on accessibility, AppGyver's enterprise-grade mobile platform supports cross-platform development for iOS and Android, incorporating plug-and-play features that streamline the building and testing of hybrid applications. The tools are trusted by over 200,000 users, including Fortune 500 companies, demonstrating their effectiveness in meeting the demands of modern enterprises.

MeetFrank is a recruitment app established in September 2017 that aims to enhance transparency in the job market. The platform connects job seekers with employers seeking specific skills, allowing users to explore international job opportunities without the need to disclose personal information. This feature facilitates a more open and anonymous job search, enabling applicants to find positions that best match their qualifications while allowing companies to access a broader talent pool beyond their local markets. Through its innovative approach, MeetFrank provides a streamlined experience for both job seekers and employers.

Commsignia, established in 2012, specializes in developing and distributing cooperative intelligent transportation systems. Based in Budapest, Hungary, the company focuses on vehicle-to-vehicle and vehicle-to-infrastructure communication technologies, enabling cars to communicate with each other and with road infrastructure. Their key product, Commsignia V2X Software Stack, is an embedded solution that facilitates these communications on various platforms. Additionally, they offer a range of connected car solutions, including safety applications, a V2X simulator, on-board units, and roadside units. Commsignia's mission is to enhance traffic safety and efficiency by facilitating communication between vehicles, ultimately saving lives and improving traffic flow.

Minut is a technology company established in 2014, with operations in Shenzhen, China, and Malmö, Sweden. It specializes in designing and manufacturing smart home security devices. Minut's flagship product, Point, is a camera-less device that monitors noise, temperature, motion, and other environmental factors within homes. When it detects anomalies, it sends alerts to users' smartphones, enabling them to maintain home security without compromising privacy.

Xolo OU, founded in 2015 and based in Tallinn, Estonia, offers an online platform designed to assist freelancers, contractors, and digital nomads in managing their microbusinesses. The company provides two primary services: Xolo Go, which facilitates the creation of a virtual company, and Xolo Leap, an EU-based company option. Targeting approximately 40 million independent professionals globally, Xolo aims to minimize business administration tasks by integrating company formation, banking, accounting, and related services into a single, user-friendly platform. This approach allows individuals, particularly in markets such as Germany, Spain, France, the UK, Ukraine, and Turkey, to quickly and easily launch and operate one-person businesses. Xolo's typical clientele includes software developers, management consultants, designers, and other independent professionals seeking a streamlined solution for enterprise management.

Infermedica, a digital health company, specializes in AI-powered preliminary diagnosis and triage solutions for insurance companies, hospitals, and health systems. Using artificial intelligence and machine learning, the company assesses symptoms, identifies patterns, and provides safe, reliable recommendations verified by a team of physicians. With over 6 million users worldwide and partnerships with over 50 companies, Infermedica aims to improve customer performance, increase healthcare accessibility, and reduce costs. Their products are available in 17 languages, including in countries like China and the United Arab Emirates. The company, with a team of over 100 people, is expanding its market presence in the United States and Europe, driven by a recent $10.25M investment.

Realeyes is a pioneering company specializing in computer vision and emotion AI. It helps businesses enhance customer experiences and drive growth by measuring human responses to video content at scale and speed. Using webcams and advanced machine learning techniques, Realeyes' platform analyzes facial expressions to quantify emotional reactions, enabling clients like Mars Inc., P&G, and Netflix to create targeted, optimized content. Over 200 leading brands and media companies rely on Realeyes for these insights.

Sonarworks Ltd. is a deep-tech audio company based in Riga, Latvia, founded in 2012. The company specializes in developing and licensing sound calibration software that enhances audio quality for both professionals and consumers. Its flagship products include Reference 4, which is available in studio and headphone editions, and True-Fi, designed for everyday listeners. These tools utilize advanced SoundID technology to measure and digitally tune sound devices to individual hearing preferences, ensuring a personalized listening experience. Sonarworks' software is widely adopted in professional recording studios and by audio engineers, as it effectively eliminates noise shortcomings in speakers and headphones, allowing users to enjoy music as intended by the artists. The software is accessible online and through dealers in Latvia and internationally.

MeetFrank is a recruitment app established in September 2017 that aims to enhance transparency in the job market. The platform connects job seekers with employers seeking specific skills, allowing users to explore international job opportunities without the need to disclose personal information. This feature facilitates a more open and anonymous job search, enabling applicants to find positions that best match their qualifications while allowing companies to access a broader talent pool beyond their local markets. Through its innovative approach, MeetFrank provides a streamlined experience for both job seekers and employers.

Realeyes is a pioneering company specializing in computer vision and emotion AI. It helps businesses enhance customer experiences and drive growth by measuring human responses to video content at scale and speed. Using webcams and advanced machine learning techniques, Realeyes' platform analyzes facial expressions to quantify emotional reactions, enabling clients like Mars Inc., P&G, and Netflix to create targeted, optimized content. Over 200 leading brands and media companies rely on Realeyes for these insights.

CGTrader is a leading online marketplace specializing in the buying, selling, and creation of professional 3D content. It hosts the world's largest collection of licensable 3D models, featuring over 800,000 items and a managed community of nearly two million users, including skilled 3D designers. The platform provides designers with competitive monetization opportunities for their creations. CGTrader serves a diverse range of industries, such as retail, gaming, advertising, animation, 3D printing, and architecture, helping them reduce design costs and accelerate time-to-market. In addition to its marketplace, CGTrader offers enterprise solutions that enable businesses to convert 2D product images into photorealistic 3D models, enhancing customer experiences in augmented reality and other applications. This capability eliminates the need for expensive photo shoots, ultimately leading to increased sales conversions and fewer product returns. With a vast network of talented 3D designers, CGTrader is well-equipped to deliver complex 3D models at any scale.

Sonarworks Ltd. is a deep-tech audio company based in Riga, Latvia, founded in 2012. The company specializes in developing and licensing sound calibration software that enhances audio quality for both professionals and consumers. Its flagship products include Reference 4, which is available in studio and headphone editions, and True-Fi, designed for everyday listeners. These tools utilize advanced SoundID technology to measure and digitally tune sound devices to individual hearing preferences, ensuring a personalized listening experience. Sonarworks' software is widely adopted in professional recording studios and by audio engineers, as it effectively eliminates noise shortcomings in speakers and headphones, allowing users to enjoy music as intended by the artists. The software is accessible online and through dealers in Latvia and internationally.

Minut is a technology company established in 2014, with operations in Shenzhen, China, and Malmö, Sweden. It specializes in designing and manufacturing smart home security devices. Minut's flagship product, Point, is a camera-less device that monitors noise, temperature, motion, and other environmental factors within homes. When it detects anomalies, it sends alerts to users' smartphones, enabling them to maintain home security without compromising privacy.

AppGyver is a provider of innovative no-code development tools designed for both novice and experienced developers. The company offers user-friendly solutions that facilitate rapid application creation, particularly for business-to-business and business-to-employee applications. Its flagship product, AppGyver Composer, enables users to create and distribute sophisticated apps efficiently. With a focus on accessibility, AppGyver's enterprise-grade mobile platform supports cross-platform development for iOS and Android, incorporating plug-and-play features that streamline the building and testing of hybrid applications. The tools are trusted by over 200,000 users, including Fortune 500 companies, demonstrating their effectiveness in meeting the demands of modern enterprises.

TrademarkNow, a product of Onomatics Inc., is a legal technology company focused on intellectual property law. It offers an intelligent web-based trademark management platform that enables users to perform instant trademark searches and monitor trademark activity. The platform utilizes both explicit and intricate legal domain models combined with machine-learning techniques to streamline the management of trademarks and logos. This innovative approach assists brand owners, marketing professionals, trademark attorneys, and businesses in navigating potential conflicts between new names and existing trademarks while automating the manual processes involved in trademark clearance. With a team of experienced professionals from the software and intellectual property sectors, TrademarkNow aims to simplify and enhance trademark management for its clients.

SpectX is a developer of a browser-based analytics platform designed for the rapid processing and analysis of large volumes of machine-generated data. The platform allows users to work with data in its original location, eliminating the need to transfer it into separate tools or databases. This approach enables efficient log analysis, incident analysis, and ad hoc data exploration, while supporting complex queries through an intuitive SQL-like language and a specialized Pattern Matching Language. SpectX accommodates various data formats and integrates seamlessly with existing applications via a REST API, enhancing its usability. Its high-speed processing capabilities simplify data analytics, allowing users to quickly troubleshoot parsing errors and re-run queries without data reloads. Additionally, the platform facilitates the sharing of queries and analysis methods within organizations, promoting collaboration and knowledge transfer.

Ingrid Cloud AB is a Swedish company based in Stockholm that specializes in developing a cloud-based computational application for wind simulation. Established in 2014, the company offers a fully automated flow simulation service that enhances accuracy, flexibility, and cost efficiency for its users. Its platform simplifies the simulation process by automatically generating complex models from computer-aided design (CAD) geometry, allowing designers, engineers, researchers, and architects to conduct flow simulations without prior expertise in computational fluid dynamics (CFD). This accessibility empowers users to improve their design processes effectively and efficiently.

Plumbr makes Java applications faster and more reliable. It builds upon world class algorithms (patent pending) and crowd sourced knowledge base to effectively verify that your Java Java application does not have performance bottlenecks. It understands the architecture of the monitored application and interprets metrics in the context of that application. Should the application have performance threats, Plumbr's unique approach traces the reasons down to source code or environment configuration and creates human readable detailed instructions that help engineers solve the problems fast. Without Plumbr, such problems typically take weeks of engineering effort to understand and fix.