StackFuel provides training to organizations such as Mercedes Benz, IAV, and Telefonica. The company claims a 92 percent course completion rate and says the acquisition will help upskill AI at scale.
A recent study conducted by the IAB found that the use of AI could increase Germany’s GDP by up to €4.5 trillion over the next 15 years.
“Germany has the potential to thrive in the age of AI, but what’s holding us back isn’t greed or technology; it’s the skills of individual workers to take advantage of new technologies,” explains Leo Mallows, co-founder and CEO of StackFuel.
“70% of Germany’s workforce lacks AI training and is unable to fully exploit its potential. We built StackFuel to be Germany’s leading online training provider in data and AI. Partnering with Multiverse gives us the resources to deliver the critical training our workers need at scale, in line with the urgency of our challenges. That’s why we, the founders, We decided to combine our strengths.”
StackFuel co-founders Marose and Bernheisel will now join Multiverse’s senior leadership team.
Multiverse, which claims to be Europe’s online EdTech unicorn and largest AI training platform, says the acquisition is part of its broader European expansion strategy.
“There is no more urgent mission than equipping our workforce to thrive in the AI era. Whether it’s capturing the potential productivity gains of AI or mitigating the risks of labor market transformation, our economy needs AI skills at every level of the workforce,” commented Euan Blair, Founder and CEO of Multiverse.
“Leo and Stefan have built a great product that answers a challenge and is already being used by some of Germany’s best-known brands. The StackFuel team is extremely proud of what they have built and should be excited about the journey to scale we are embarking on together.”
