Berlin – A YPOG team co-led by partners Malte Bergmann and Ansgar Frank provided comprehensive legal and tax advice to all shareholders of Berlin-based Big Data company SiaSearch (MX Automotive GmbH) on the exit to San Francisco data labeling startup Scale AI.
SiaSearch provides intelligent data solutions for automated driving at scale. The company, a spin-off of the leading European AI venture studio Merantix, is a data management platform which automatically extracts frame-level, contextual metadata and utilizes it for fast data exploration, selection and evaluation. Automating these tasks with metadata can more than double engineering productivity and remove the bottleneck to building industrial AI.
YPOG is offering ongoing advice to Berlin-based AI venture studio Merantix in terms of fund structuring and investments. The exit to Scale AI is the first exit from Merantix’ portfolio.
About Scale AI
Founded in 2016, Scale AI accelerates the development of AI applications by helping machine learning teams generate high-quality ground truth data. The advanced LiDAR, image, video and NLP annotation APIs allow machine learning teams at companies like OpenAI, Lyft, Pinterest, and Airbnb focus on building differentiated models vs. labeling data. The company is headquartered in San Francisco and employs over 300 people as of today.
About Merantix
Venture studio Merantix builds and scales machine learning companies. Through the unique incubation platform, seed financing and exceptional teams of entrepreneurs and engineers, Merantix transfers world-leading research into products that will change existing and create new industries. The venture studio, founded in 2016, is based in Berlin and consists of more than 110 team members from over 30 nationalities.
Download PDF
Advisors to SiaSearch/MX Automotive GmbH:
Dr. Malte Bergmann (Co-Lead/Steuern), Partner
Dr. Ansgar Frank (Co-Lead/Corporate), Associated Partner
Pia Meven (Corporate), Associate
Jonas Huth (Corporate), Associate
Konstantin Häfner (Corporate), Associate
Andreas Lange (Steuern), Associate
About us
YPOG is a law firm specialized in tax and business law, active in the core fields of Funds, Tax, Banking + Finance, and Transactions. The team at YPOG represents a broad client base, which ranges from emerging technology companies and family-run SMEs to large corporations, as well as private equity, and venture capital funds. YPOG is one of the leading advisors for venture capital, private equity, and fund structuring in Germany. The firm and its partners have been recognized nationally and internationally by JUVE, Best Lawyers, Legal 500, Focus, Chambers and Partners as well as Leaders League. Today, YPOG has more than 150 experienced attorneys, tax advisors and tax specialists and a notary, in four offices, located in Berlin, Hamburg, Cologne, and Munich.
