Smycles raises €1.5M to build teams of humans and AI agents
What's the deal? German software startup SmyclesDealroom has a profile for this one. Try Dealroom → has raised €1.5 million in an early-stage equity round and is moving its headquarters to Magdeburg. The IBG funds of the state of Saxony-Anhalt, managed by bmp VenturesDealroom has a profile for this one. Try Dealroom →, led the round, with two private investors from the US and Germany participating on equal terms. The deal was notarized on September 28, 2026.
What's the endgame? Founded in 2023, Smycles is building software that draws on corporate data — from human resources, project management, CRM, and business processes — to assemble teams for specific tasks. Those teams combine human employees and AI agents, with each evaluated on different criteria.
How does it work? The platform ranks AI agents mainly on technical skills and reliability, and people on experience, judgment, and collaboration. It also flags tasks it labels "Human Reserved" — work that needs experience, personal responsibility, or complex coordination. The company says it can propose a team, with a rationale, within seconds.
Why Magdeburg? The relocation ties the financing to regional development. Smycles plans to invest more than €1 million at the new location over the next 18 months, where much of its future development will take place. The money will also fund further product work and an expansion of sales operations.
What could go wrong? This is a modest early bet. Smycles says six enterprise customers already use its software across energy infrastructure, industry, and university medicine, but broader adoption is unproven, and it has not published independent data on time savings or recommendation quality.
The signal: The round fits a wider push into AI-enabled workforce management. Germany's Sherpa raised $2.2 million in July to coordinate external workers and AI agents, and Spain's Orbio secured $21 million for AI-led frontline operations — different use cases, but signs of growing investor interest in the category. The test for Smycles is whether it can turn a handful of customers into repeatable, scalable deployments.
Read more: startbase.com
Image credit: Smycles
