Michael Huth (Co-Founder, CTO), Felix Hahmann (Co-Founder, COO) and Leif-Nissen Lundbaek (Co-Founder, CEO) Nils Lucas
What inspired you to found your startup?
The idea originated from results of a research project that one of our founders led during his PhD studies at Imperial College London (supervised by one of the co-founders) and MSc studies at University of Oxford. At Oxford, this idea was explored further, which then made us decide to found XAIN AG.
How are you different? What is your unique value proposition?
Our vision that the sharing structure of a data and resource ecosystem can be programmed by its stakeholders is powerful. This vision is backed up with our technology stacks that are close to production readiness and that have been tested and validated in Proof of Concepts with several blue-chip companies.
How do you define success for yourself and your company?
To become a leading tech company that enables sharing of data, resources, and knowledge in a trustworthy manner. To soon have products in this space for mobility and production enterprises. To open-source core technology for more impact. To attract and retain talent in a strong XAIN work culture.
What do you want to achieve next year?
To transfer insights from our Proof of Concepts into products that support our vision and generate revenue. To influence the next-generation microcontroller design to reflect our technical needs. To scale up research and development of products adopted by a few major clients.
Why do people want to work at your company?
We think people join and stay at XAIN because they are inspired by its social values of sharing, collaboration, and trust. They understand and buy into the ambition to rethink business models and technologies in order to facilitate these social values and the economic value they bring.
What has been the most important milestone so far?
The creation of intac, a product that revolutionizes accounting routines, which is a key milestone for realizing our vision of shared knowledge generation. And the creation of FROST, our core technology for articulating and executing delegated access to data, resources, and knowledge.
Looking back at your whole development story — what makes you most proud?
We took our ideas, rooted in technical knowledge and social values, to bootstrap a startup which now has 30+ employees. We did this by demonstrating our ideas in working technology through pilots with major enterprises. We are also proud to have secured seed funding in 2018 for advancing XAIN to its next stage.
Where do you see your company in 5 years?
Being a market leader in products pertaining to the sharing of data, resources and knowledge in collaborative settings with a presence in the EU, US, and Asia. Our products will include embedded clients for access delegation, machine-learning engines for enterprises, and a thriving open-source community.
What is your impression of launching a startup from your based city?
We actually launched XAIN AG from Brandenburg. However, we decided to move to central Berlin in August 2018 in order to be closer to some of our major clients’ offices and to be able to more effectively hire and retain top talent in technology, business development, marketing, and management.
What is your impression of the german startup scene? Would you change anything?
The German startup scene, especially in Berlin, seems to move in the right direction within a healthy ecosystem. But governmental institutions could offer more support, e.g. in setting up a legal entity and in helping to better compete against US startups that tend to get much larger seed funding.
XAIN was featured in “The Hundert Vol. 10 – Startups of Germany“, November 2018.