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 develops WebARX, a comprehensive website security and monitoring platform that combines a web application firewall, uptime monitoring, domain reputation checks, and security scans in a single dashboard. It provides threat intelligence services and live protection for commercial websites built on content management systems, along with patch management to keep sites safe from mass hacking and cyber vandalism. The platform enables digital agencies and developers to monitor, protect, and maintain their entire client portfolio, supported by private threat intelligence that analyzes thousands of hacking incidents daily, and is accessible to small website owners.

Pactum is an AI-powered platform that automates personalized commercial negotiations for global companies. The software analyzes contracts, extracts key priorities, and negotiates terms with suppliers via a chatbot, enabling rapid renegotiation of repetitive contracts. It can run an unlimited number of parallel sessions, helping organizations renegotiate multiple agreements in minutes and improve efficiency, accuracy, and time savings. The company is headquartered in Mountain View, California, founded in 2019, with engineering and operations in Estonia, serving clients worldwide.

BforeAI specializes in predictive attack intelligence and digital risk protection services. Utilizing behavioral AI through its PreCrime™ technology, it transforms cyber defense from reactive to proactive. The company offers automated threat intelligence, brand protection, adversary disruption, and domain takedowns.

Founded in Vienna, Austria in 2016, HYDROGRID develops software for optimal hydro power control and dispatch. Its SaaS platform enables power plant owners to increase revenues by aligning production with power markets while reducing daily operational workload.

Founded in 2018, DRUID AI is a leading enterprise AI platform that empowers teams to rapidly develop and deploy intelligent agents, knowledge bases, and apps. Its AI Agents facilitate personalized, secure interactions across channels, integrating seamlessly with existing systems and RPA technologies. With over 200 partners and 300 clients worldwide, DRUID AI aims to provide each employee with an intelligent virtual assistant.

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 fintech company that offers microloans and prepaid cards tailored to millennials' lifestyles, along with easy money transfers and a convenient transfer gateway. It operates across all Turkish states.

BforeAI specializes in predictive attack intelligence and digital risk protection services. Utilizing behavioral AI through its PreCrime™ technology, it transforms cyber defense from reactive to proactive. The company offers automated threat intelligence, brand protection, adversary disruption, and domain takedowns.

Founded in Estonia in 2014, Jobbatical connects skilled professionals with employers for short-term employment opportunities. It facilitates work-travel experiences for individuals and addresses temporary talent needs for companies.

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.

Founded in 2018, DRUID AI is a leading enterprise AI platform that empowers teams to rapidly develop and deploy intelligent agents, knowledge bases, and apps. Its AI Agents facilitate personalized, secure interactions across channels, integrating seamlessly with existing systems and RPA technologies. With over 200 partners and 300 clients worldwide, DRUID AI aims to provide each employee with an intelligent virtual assistant.

Minut designs and markets a smart home security solution that monitors noise, temperature, motion, and other environmental factors through a camera-free sensor system. The device uses infrared motion detection and a microphone to detect unusual activity and sends alerts to users via a smartphone app, supporting home security, safety, guest privacy, and short-term rental monitoring. Founded in 2014 as Form Devices, Minut is headquartered in Malmö, Sweden, with operations in Shenzhen, China.

Established in 2016, CybExer Technologies is a NATO-awarded Estonian company specializing in advanced cybersecurity training platforms. It offers realistic live-fire exercises and sophisticated solutions for ordinary users to strategic leadership, empowering them to anticipate and prepare for cyber challenges.

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.

Founded in 2012, Sonarworks develops software that calibrates sound for headphones and speakers. Its products include Reference 4 (for studios), True-Fi (for listeners), and SoundID technology, which personalizes audio experiences based on individual hearing preferences. Used by professionals and consumers alike, the company's software improves sound quality across various devices.

CGTrader operates an online marketplace for licensable 3D content and provides enterprise 3D modeling services. The marketplace offers a vast catalog, including more than 800,000 3D models, supported by a global community of millions of users and tens of thousands of professional designers. This platform enables enterprises and online retailers to source, customize, and monetize 3D assets for a range of applications, from retail and gaming to advertising, animation, 3D printing, and architecture. The enterprise service converts two-dimensional product imagery into photorealistic 3D models for augmented reality and other 3D customer experiences, helping reduce photography costs, shorten time-to-market, and improve sales conversions and returns. CGTrader operates a scalable model delivery network capable of handling complex assets at various scales.

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 global recruitment platform launched in 2017. It connects job applicants anonymously with employers seeking specific skills, enabling international job searches without revealing personal information.

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 designs and markets a smart home security solution that monitors noise, temperature, motion, and other environmental factors through a camera-free sensor system. The device uses infrared motion detection and a microphone to detect unusual activity and sends alerts to users via a smartphone app, supporting home security, safety, guest privacy, and short-term rental monitoring. Founded in 2014 as Form Devices, Minut is headquartered in Malmö, Sweden, with operations in Shenzhen, China.

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.

Founded in 2012, Sonarworks develops software that calibrates sound for headphones and speakers. Its products include Reference 4 (for studios), True-Fi (for listeners), and SoundID technology, which personalizes audio experiences based on individual hearing preferences. Used by professionals and consumers alike, the company's software improves sound quality across various devices.

MeetFrank is a global recruitment platform launched in 2017. It connects job applicants anonymously with employers seeking specific skills, enabling international job searches without revealing personal information.

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 operates an online marketplace for licensable 3D content and provides enterprise 3D modeling services. The marketplace offers a vast catalog, including more than 800,000 3D models, supported by a global community of millions of users and tens of thousands of professional designers. This platform enables enterprises and online retailers to source, customize, and monetize 3D assets for a range of applications, from retail and gaming to advertising, animation, 3D printing, and architecture. The enterprise service converts two-dimensional product imagery into photorealistic 3D models for augmented reality and other 3D customer experiences, helping reduce photography costs, shorten time-to-market, and improve sales conversions and returns. CGTrader operates a scalable model delivery network capable of handling complex assets at various scales.

Founded in 2012, Sonarworks develops software that calibrates sound for headphones and speakers. Its products include Reference 4 (for studios), True-Fi (for listeners), and SoundID technology, which personalizes audio experiences based on individual hearing preferences. Used by professionals and consumers alike, the company's software improves sound quality across various devices.

Minut designs and markets a smart home security solution that monitors noise, temperature, motion, and other environmental factors through a camera-free sensor system. The device uses infrared motion detection and a microphone to detect unusual activity and sends alerts to users via a smartphone app, supporting home security, safety, guest privacy, and short-term rental monitoring. Founded in 2014 as Form Devices, Minut is headquartered in Malmö, Sweden, with operations in Shenzhen, China.

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.