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High Tech Series A Founded 2015

nyris

nyris develops AI-powered visual search technology for product and spare part identification, enabling technicians and customers to identify components instantly by image rather than keyword search. The platform leverages a synthetic data pipeline that processes 3D CAD data to create custom visual search engines, generating visual content 99% faster and 90% cheaper than traditional photography. nyris offers four…

📍 Berlin, Germany · Security & Surveillance Technology,

Funding snapshot

Last roundSeries A
Amount$11M
Date1 March 2023
Total raised$11M
Team size32

About

nyris develops AI-powered visual search technology for product and spare part identification, enabling technicians and customers to identify components instantly by image rather than keyword search. The platform leverages a synthetic data pipeline that processes 3D CAD data to create custom visual search engines, generating visual content 99% faster and 90% cheaper than traditional photography. nyris offers four core products: Synthetic Data (transforms CAD data into training images for visual search), Spare Parts Search Suite (no-code solution for fast spare parts identification using images, keywords, codes, or 3D CAD files with filters, BoM search, and OCR), Visual Search APIs (developer-friendly APIs with Android, iOS, and JavaScript SDKs for integration into websites and apps), and Portal (comprehensive management platform with dynamic dashboards, search request exploration, and product indexing). The platform delivers 3.3x faster and 51% more accurate spare part identification than keyword-based search, serving customers in 50+ countries including IKEA, TRUMPF, Buhler, DMG MORI, and Hornbach. nyris is integrated with SAP Commerce Cloud and available on SAP Store, co-funded by the European Innovation Council. Founded in 2015 and headquartered in Berlin, Germany, nyris has raised approximately $10.8 million at the Series A stage from investors including TRUMPF, IKEA, eCAPITAL, HTGF, SEK, EIC Fund, Microsoft Accelerator, and SAP.iO.

Business model

Cybersecurity > IAM > Biometrics,

Security & Surveillance Technology > Surveillance > Video Surveillance > Analytics,

Image Recognition > Applications > Online Retail > Visual Search,

RegTech > Fraud Detection > User Authentication > Multi Factor Authentication,

E-Commerce Enablers > Customer Experience Management > Visual Search > AI Based

Team background

Company Wise > Amazon, Boston Consulting Group

Institutional investors

Europa HTGF TRUMPF IKEA SEK Mcke Roth eCAPITAL EIC Fund SEK Ventures Axel Springer Plug and Play Accelerator Plug and Play Tech Center Microsoft Accelerator SAP.iO German Accelerator Moebel

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