Germany’s New Unicorns: German Tech-Companies Are Gaining Ground In Billion-Dollar Valuations
Aaron Auld likes to explain what his company Exasol does as following: “The data streams in the companies are something like their lifelines – and the database in which this information is stored and processed is the heart”. Since 2000, the developers at Exasol in Nuremberg have been working with their database system to make their customers hearts beat faster. Names such as Daimler, Adidas, and Arvato are currently among them. “The software can be used in the cloud, but also on the customers’ own servers, which is preferred by many German clients”, explains CEO Auld.
Among the competitors is SAP with the database Hana, but also Snowflake with a system in the cloud. The US company is now counted among the unicorns – as a start-up with a valuation of more than one billion dollars.
Exasol is as well going into this direction. The Tech Tour platform, an association of leading European investors, has just added the company to the list of 50 fastest growing venture capital financed technology companies in Europe.
With a turnover of around 20 million euros, Exasol has been growing profitably since 2016. Now, the company with 140 employees is to take the next growth step, looking for new investors. “If you really want to grow, it’s not enough to reinvest the surplus”, says Exasol boss Auld.
You can find the complete article in German at this address.