Press Release from Phuong Vu of BeeInstant
Berlin 13th September 2018
Last night at the kickoff party, Techstars SAP.IO officially announced the second and most diverse
cohort of the SAP.iO Foundry program in Berlin, powered by the Techstars accelerator. BeeInstant, an
Enterprise Ireland backed company, represents Ireland among other nine most potential startups from
all over the world such as Germany, South Korea, Ukraine, South Africa, Russia and India.
BeeInstant, a Dublin-headquartered company, has developed an automated anomaly detection
platform for large enterprises who run their business globally in the field of E-commerce, online betting,
music streaming, or IoT. BeeInstant empowers artificial intelligence to produce reliable insights of over
90% untouched timely critical data, and foresee potential technical issues quickly. The solution is
designed from day one to collect, ingest, analyse both IT operational data and consumer data.
Being selected for the programme, BeeInstant receives financial investment and intense support from
Techstars and SAP for the next 12 weeks. Prior to Techstars SAP.IO, the company had Enterprise
Ireland as its early investor, and was endorsed by both government and private organisations including
Google, KPMG, Bank of Ireland, Dublin Business Innovation Centre, and LEO Dublin City.
“Winning a place at Techstars Accelerator is like a moon shot for any startup founders at their early
stage. SAP is the world’s leading company for enterprise software with 80,000 customers globally.
Our team is thrilled to participate in Techstars SAP.IO. With the intense support from Techstars
top-notch mentors, accessing SAP network, we are confident for a rapid growth of BeeInstant in the
fourth quarter of 2018” , said Trung Nguyen, CEO of BeeInstant.
Techstars is the worldwide network that helps entrepreneurs succeed, and strong partners and
mentors help make this happen. SAP.iO Foundry programs provide mentorship, access to SAP APIs,
SAP technologies, and opportunities for exposure to SAP customers.
“With SAP.iO we are building an open, intelligent ecosystem around SAP products and platforms that
complements our portfolio of breakthrough technology solutions. The SAP.iO Foundry in Berlin will
accelerate founders building machine learning–based applications as well as drive inclusive and
diverse entrepreneurship in the German startup ecosystem.” , said Deepak Krishnamurthy, executive
vice president and chief strategy officer, SAP.