Tilo is a German company that offers a serverless data infrastructure tool named “TiloRes,” primarily for financial services firms to deduplicate and connect data from a number of disparate sources and formats. The tool also allows for data ingestion and real-time searches with reportedly unlimited serverless scaling.
TiloRes has many applications including fraud detection and know-your-customer (KYC)/anti-money laundering checks. The company also planned to offer its solution for free for COVID-19 contact tracing efforts. Tilo currently charges a license fee based on the volume of data companies actually process through its TiloRes tool, which it claimed makes it more cost-effective than its server-based counterparts, as the cost scales with usage.
Funding and financials
In January 2022, Tilo raised EUR 1.2 million (USD 1.35 million) in pre-seed funding.
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