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.
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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
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
Further information: www.ypog.law/en/ and www.linkedin.com/company/ypog
