l1r1 technologies
Developer of Lara, an AI-based Accounting Assistant.
| Date | Investors | Amount | Round |
|---|---|---|---|
$1.0m | Seed | ||
| Total Funding | 000k | ||
| USD | 2023 |
|---|---|
| Revenues | 0000 |
| EBITDA | 0000 |
| Profit | 0000 |
| EV | 0000 |
| EV / revenue | 00.0x |
| EV / EBITDA | 00.0x |
| R&D budget | 0000 |
Source: Dealroom estimates
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L1R1 is a Berlin-based AI startup founded in 2021, dedicated to building cognitive business software that enables companies to operate more intelligently and autonomously. The company’s core mission is to create systems that understand business semantics and user intent, allowing software to act as proactive, conversational assistants rather than passive tools.
Its flagship product, HeyLara, is an AI-powered accounting assistant tailored for small and medium-sized enterprises. HeyLara automates routine tasks such as invoicing, bookkeeping, and year-end financial statement preparation. It operates through a conversational interface—accessible via platforms like WhatsApp—making interaction intuitive and minimizing the need for deep accounting knowledge.
L1R1’s technology is rooted in semantic knowledge representation and draws from the team’s experience with foundational web projects like DBpedia. The platform integrates AI with natural language processing to understand and execute tasks from user input, removing the need for complex interfaces or programming skills.
The company is led by CEO Andreas Heinecke, CIO Prof. Dr. Roland Fassauer, and CFO Matthias Woppmann. L1R1 is actively growing its team and continues to seek professionals in AI, NLP, and software engineering to advance its cognitive software systems.
Keywords: L1R1, HeyLara, cognitive AI, business software, accounting automation, conversational interface, natural language processing, Berlin startup, AI assistant, knowledge representation
