Multiverse acquires StackFuel, aiming to equip 100,000 German employees with AI skills

Multiverse, an AI training platform, has completed its purchase of German training provider StackFuel and shared its goal of training 100,000 German employees in AI.

StackFuel provides training to organizations including Mercedes Benz, IAV and Telefónica. It claims its courses have a 92 percent completion rate and says the acquisition will help it to deliver AI upskilling at scale.

Recent research conducted by IAB found that AI use could increase Germany’s GDP by up to €4.5 trillion in the next 15 years.

“Germany can prosper in the age of AI, but what is holding us back isn’t desire or technology, it’s the skills of individual workers to make use of new technology,” explains Leo Marose, Co-founder and CEO of StackFuel. 

“70 percent of workers in Germany are not offered any AI training and thus lack the ability to fully embrace its possibility. We have built StackFuel to become Germany’s leading online training provider in data and AI. Joining forces with Multiverse now gives us the resources to deliver critical training necessary for workers at an even larger scale, matching the urgency of the challenge. For this reason, we as founders decided to combine our strengths with Multiverse.”

StackFuel’s Co-founders Marose and Berntheisel will both 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 a wider European expansion strategy. 

“There is no more urgent mission than equipping the workforce to win in the AI era. Whether it’s capturing AI’s potential productivity enhancements, or mitigating the risks of labor market transformation, our economies require AI skills at every level of the workforce,” comments Euan Blair, Founder and CEO at Multiverse. 

“Leo and Stefan have built an outstanding product that answers the challenge and is already used by some of Germany’s most recognised brands. The StackFuel team should be incredibly proud of what they’ve built, and excited about the journey to scale that we are embarking on together.”