Tvarit, a Frankfurt, a Germany-based net-zero metal manufacturing startup, raised €5M in funding.
The round was led by Momenta and Futury Capital, with participation from existing investor Matterwave Ventures.
The company intends to use the funds to accelerate its technology development and global presence.
Founded in 2019 by Suhas Patel and Rahul Prajapat, Tvarit is a Deep Tech SaaS company that offers a hybrid AI solution that combines metal processing domain knowledge with data-driven AI to provide continuous, accurate prescriptions and actionable insights to help machine operators reduce wastage of resources and achieve high productivity.
Customers include manufacturing companies in the metal industry such as Maxion Wheels, Gienanth, Endurance, and Schunk Group.
FinSMEs
15/04/2023