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The Münster-based company RIZM was founded in 2019 by Jan-Philipp Otten, Elias Küpper and Joshua Küpper as a spin-off from research projects at RWTH Aachen University and Stanford University. The company raised seed funding in 2023. Since then, the company has grown steadily and is used by more than 10% of DAX-40 companies.

Weather-dependent producers are making energy markets much more volatile and complex. RIZM uses AI and algorithms to support industrial companies in using existing energy flexibility to shift energy procurement as much as possible to times when energy is green and cheap.

RIZM is already in use at more than 10% of DAX-40 companies, including companies such as the BMW Group, Daimler Truck, Continental, Schaeffler and Bosch (B/S/H) as well as customers from the chemical, steel and paper industries.