Editor’s Note: Sponsored by Monday Properties and written by ARLnow.com, Startup Monday is a weekly column that profiles Arlington-based startups and their founders, plus other local technology happenings. The Ground Floor, Monday’s office space for young companies in Rosslyn, is now open. The Metro-accessible space features a 5,000-square-foot common area that includes a kitchen, lounge area, collaborative meeting spaces, and a stage for formal presentations.
Scoutbee, a tech company based in Crystal City, is looking to scale up after scoring $60 million in a fresh round of funding.
The company builds software that links artificial intelligence (AI) technology and big data to create more efficient supply shipments. The technology can track trends and make predictions based on extensive data about where certain types of supplies are needed.
The firm, founded in 2015 and also based in Germany, has contracts with high-profile companies like Airbus and Bosch.
The new funding will allow the company to expand by 100 employees and double down on research and development for new products, the company said in a press release.
“Scoutbee will further expand its R&D, accelerate customer growth and explore strategic acquisitions,” the company said in a press release. “Scoutbee’s already diverse team will be scaled up from 120 staff today to around 220 across Berlin, Wurzburg and Washington D.C. by the end of 2020 (including new roles in engineering, AI / ML, product development, sales and marketing).”
The central product at scoutbee (the lower case name is the official company name, not a typo) is called ARTIMIS, an AI tool that the company says “continually mines vast amounts of data and centralizes details about suppliers and products across hundreds of dimensions and across languages.”
The company currently has offices at 2550 S. Clark Street in Crystal City.
Photo via scoutbee/Facebook