Deep Neuron Lab secures €1 million in funding backed by Cannonball Capital.

Deep Neuron Lab, a Berlin, Germany-based software developer, announced that it raised a funding round of €1 million ($1.2M).

The money was raised from investors led by the German VC Cannonball Capital.

Deep Neuron Lab, founded in 2019 as a spin-off from the TU Berlin by Andreas Schindler and Iason Georgakopoulos, develops AI-based analysis products for business reports and annual financial statements. Customers include banks, insurance companies and rating agencies.