Makersite, a Stuttgart, Germany-based delivering supply chain digital twins for product sustainability, raised €18M in Series A funding.
The round was led by Hitachi Ventures, with participation from KOMPAS, and Planet A.
The company intends to use the funds to continue the support of its solutions to its expanding book of clients, which include Microsoft, Vestas, Cummins, and Procter & Gamble.
Led by CEO Neil D’Souza, Makersite provides a software as a service platform for manufacturing enterprises to solve complex challenges around their products and supply chains. The AI automatically maps a company’s portfolio of products, suppliers, and manufacturing processes against more than 140 material and supply chain databases. It then constructs digital twins of each product and how they are made, used, and disposed of. These models and deeply integrated apps enable transparency and understanding of multiple factors, including environmental footprints, should-costing, and compliance risks, faster than any current approach. The company employs more than 30 employees across Europe, America, and Asia. The customer portfolio includes companies like Microsoft, Vestas, Cummins, and Procter & Gamble.
FinSMEs
18/10/2022