MIR Insight
Offers demand forecasting and enriched data analytics for companies in the material and chemical industry.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | €600k | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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MIR Insight AS, founded in Oslo, Norway, in 2021 by Nuno Barros and Bjol R Frenkenberger, operates as a specialized provider of AI-driven market forecasting solutions. The company targets the process industries, with a particular focus on the material, chemical, textile, fiber, and plastic sectors. Its business model is B2B, delivering its technology as a SaaS solution to help clients mitigate risks associated with poor forecasting, such as excess working capital costs, overproduction, and resource waste.
The firm's core offering is a proprietary AI platform that provides demand, supply, and pricing forecasts with high accuracy. This platform works by having clients upload their anonymized sales data, which MIR Insight then enriches with vast external market data. Utilizing neural networks and advanced techniques like similarity searches and clustering, the system identifies key market indicators and hidden correlations to generate dynamic, multi-factor forecasts. This process enables clients to shift from sentiment-based planning to precise, data-driven decision-making, helping them manage losses, optimize resource allocation, and enhance operational efficiency. A key feature of their technology is its energy efficiency compared to traditional AI methods.
The leadership team's expertise is central to the company's value proposition. CEO Bjol Frenkenberger holds a Ph.D. from Oxford specializing in decision-making under uncertainty in startups. CTO Nuno Barros brings deep experience in machine learning and data science, while CDO Jonas Falkner has a research background in supply chain forecasting. The team also includes CCO Friedrich Weninger, who has over 25 years of executive experience in the materials industry. In January 2025, MIR Insight secured approximately $625K (€600k) in a seed funding round led by Vanagon Ventures, with participation from EWOR and Floris Capital, to advance its mission of merging sustainability with profitability through improved planning.
Keywords: demand forecasting, AI-driven analytics, supply chain optimization, market intelligence, chemical industry, materials sector, B2B SaaS, predictive analytics, resource management, price forecasting, sustainable manufacturing, process industry, data enrichment, waste reduction, operational efficiency, inventory management, risk detection, textile forecasting, plastics industry, startup