trail
trail is a Munich company automating AI system governance and EU AI Act compliance. In October 2026 it was acquired by Collibra.
Europe's most interesting startup stories. Every week.
No spam. Unsubscribe anytime.
About trail
trail, whose domain is trail-ml.com and whose legal entity is trail GmbH, is a Munich company founded in 2023 by Anna Spitznagel, CEO, Nikolaus Pinger and Sven Hölzel, who met at the Technical University of Munich and CDTM. The website imprint gives Georgenstraße 38, Munich, as its address. The platform automates the governance of AI systems: agents identify the rules that apply to a system and check whether controls are followed, and a control layer can block an agent's action before it runs if it breaks a policy. It supports the EU AI Act, ISO 42001 and the NIST framework, and can rerun evaluations when the evidence changes. Originally it also offered a governance copilot with a free self-assessment tool for AI Act risk class. On 11 July 2024 it announced a €1.45 million pre-seed led by CapitalT, with NP-Hard Ventures, Mozilla Ventures, Common Magic and business angels. In October 2026 Collibra, a data and AI governance company, announced the acquisition; the price was not disclosed.
The Story
Founded in Munich in 2023 by three TU Munich and CDTM students, it raised a pre-seed in July 2024 and was acquired by Collibra in October 2026.
How trail works
Business Model
B2B software for AI compliance in enterprises, now folded into Collibra's offering.
Revenue Model
Software licences; pricing and revenue are not disclosed and no customers are named in the sources.
Products & Services
Key Products
- Piattaforma di governance dell'IA
- Livello di controllo per agenti
- Strumento di autovalutazione dell'AI Act
Core Use Cases
- Compliance with the AI Act, ISO 42001 and NIST
- Blocking agent actions that violate a policy
- Automatic re-evaluation when evidence changes
Market & Clients
Key Customers
No trail customers are named in the sources consulted; the 700 Collibra customers cited by the article are not trail's customers.
Geographic Presence
How trail competes
Competitive Advantages
- Agents that identify applicable rules and verify controls
- Preventive control before an action runs
How trail grows
Growth Strategy
Integrate AI governance into the Collibra platform.
Distribution Model
Sales through Collibra after the acquisition.
Regulatory Context
Supports compliance with the EU AI Act, ISO 42001 and the NIST framework.
Key Risks
- The company has been absorbed by Collibra: the product may be folded into the acquirer's offering.
Strategic Insights
- The control layer can block an agent's action before it runs, not only document it.
- The acquisition puts AI Act compliance inside a data governance platform.
Funding & Investors
Total Funding
Funding Rounds
- 2024 - Pre-seed: €1.45M
Lead: CapitalT
Key Investors
Founding Team
Founders
Key Executives
- Anna Spitznagel - CEO
Similar Startups
Celonis
Process intelligence software born in Munich in 2011. The 2022 Series D extension valued it at nearly $13 billion post-money.
Read AnalysisBayshore
Munich startup building AI agents for legal and compliance workflows, with deterministic guardrails and audit trails.
Read Analysiscommercetools
API commerce software founded in Munich in 2006. The $140M Series C in 2021 valued it at $1.9 billion; it is no longer an independent unicorn.
Read AnalysisSources
- Imprint — trail
- trail secures €1.45M pre-seed funding to enable trustworthy AI systems — Tech.eu
- Collibra rachète trail ML pour la conformité à l'AI Act — Blog Nouvelles Technologies