Company Profile: sovity GmbH

Background

sovity GmbH, established in October 2021 as a spin-off from the Fraunhofer Institute for Software and Systems Engineering ISST in Dortmund, Germany, specializes in providing Data Sovereignty as a Service. The company empowers organizations to engage in secure and sovereign data sharing, facilitating the development of data ecosystems.

Vision: To empower effortless and safe connection, collaboration, and innovation based on data for everyone.

Mission: To serve as the foundation for data sharing and data-driven business models by connecting companies in Data Spaces with our technology. We enable companies of any size or industry to share data with partners and get onboarded to Data Spaces.

Key Strategic Focus

sovity's strategic focus centers on enabling companies to participate in Data Spaces through:

Connector-as-a-Service: Facilitating easy access to Data Spaces without requiring extensive technical knowledge.

Data Space-as-a-Service: Providing scalable solutions for organizations to establish their own Data Spaces.

Data Space Services: Offering tailored services for app certification, onboarding, and partner network integration.

Financials and Funding

In February 2023, sovity secured a seven-digit investment from High-Tech Gründerfonds (HTGF) and Fraunhofer Technologie-Transfer Fonds (FTTF) to accelerate product development.

Technological Platform and Innovation

sovity's offerings are built upon standards such as International Data Spaces (IDS), Gaia-X, and the Eclipse Foundation, ensuring interoperability and scalability. The company's solutions include:

Connector-as-a-Service: Enabling companies to connect to Data Spaces effortlessly.

Data Space-as-a-Service: Allowing organizations to build and manage their own Data Spaces.

Data Space Services: Providing support for app certification, onboarding, and partner network integration.

Leadership Team

Sebastian Kleff, CEO and Co-Founder: With a background in IT and strategy consulting, Sebastian has been involved in Data Spaces since their inception. He drives business development and data use cases, leveraging experience from various companies and industries.

Dr. Sebastian Opriel, CTO and Co-Founder: Formerly with Fraunhofer ISST, Dr. Opriel has extensive experience in Data Space projects. His PhD focused on IDS-based use cases, and he has developed key software components for Data Spaces.

Competitor Profile

Market Insights and Dynamics:

The data sovereignty and Data Space technology market is experiencing significant growth, driven by increasing data exchange needs across industries. Organizations seek secure and standardized methods to share data while maintaining control over their information.

Competitor Analysis:

While specific competitors are not detailed in the provided information, companies operating in the data sovereignty and Data Space technology sector typically offer solutions for secure data exchange, data governance, and compliance with international standards. These competitors may include other Fraunhofer spin-offs, technology providers specializing in data ecosystems, and organizations involved in initiatives like Gaia-X and IDS.

Strategic Collaborations and Partnerships

sovity collaborates with various partners and customers across industries, including automotive, energy, and mechanical engineering. Notable partnerships include:

Catena-X: sovity is part of the Catena-X go-live in the Cofinity-X marketplace and serves as a preferred onboarding partner.

Mobility Data Space: Collaborated to connect participants via the Connector-as-a-Service.

Operational Insights

sovity's competitive advantages include:

Fraunhofer Heritage: As a spin-off, sovity benefits from deep technical expertise and a strong foundation in research and development.

Standard Compliance: Adherence to international standards like IDS and Gaia-X ensures interoperability and scalability.

User-Friendly Solutions: Focus on simplifying Data Space participation for companies of all sizes without requiring extensive technical knowledge.