Makersite, the AI-Driven Data Platform That Enables Large-Scale Supply Chain and Sustainable Product Decision-Making, Secures $18M in Series A Funding

Class in: The environment, Science and technology, Crypto-currencies
Topic : Funding

Makersite, the leader in creating digital twins of supply chain elements to ensure product sustainability, hedge risk and optimize costs for leading global brands, announces that it has completed an 18-year funding round. million USD. The German start-up uses AI, data and applications to drive large-scale decision-making in product sustainability and supply chain, helping manufacturing companies solve the complex challenges they face in the entire value chain. Hitachi Ventures, the global venture capital arm of Hitachi Ltd., and Translink Capital, a Silicon Valley-based venture capital fund, are leading the investment with participation from KOMPAS, a Silicon Valley-based venture capital fund. EU, and early-stage investor Planet A. The investment comes on the back of the company’s strong profitability and strong customer growth over the past twelve months. The financing will enable it to ensure the continuity of the solutions offered to its growing portfolio of customers, including Microsoft, Vestas and Cummins.

Changing production methods

100% of global carbon emissions come from products, their production methods, the elements necessary for their use and their end of life. However, durability is only included in the design parameters of less than 1% of all these products. At the same time, companies are faced with new regulations regarding emission reduction and related reporting. One of the major issues is that 90% of manufacturing missions come from the supply chain and Scope 3 missions are difficult to track and even more restricted.

Products marketed today were often designed a very long time ago. The market therefore needs a solution that will help it design the sustainable products of tomorrow today, explains Tobias Jahn, partner at Hitachi Ventures. For companies to become greener and ready for the sustainable economy, understanding the environmental footprint of products and its impact on costs, compliance and supply chains from their development phase is a necessity. By integrating insights from data into the product development phase and into supply chains, Makersite is doing everything necessary to adopt a sustainable design model, adds Jahn.

Makersite empowers design and procurement teams at manufacturing companies to make better decisions about their large-scale purchases and suppliers. Makersite’s AI automatically maps the company’s product, supplier and manufacturing process portfolio and matches it against 140+ material and supply chain databases. It then constructs precise and detailed digital twins of each product and how it is manufactured, used and disposed of. These seamlessly integrated applications and dynamic multi-criteria models enable understanding of multiple factors, including environmental footprints, theoretical costs and compliance risks, seamlessly and faster than any other current approach.

Makersite was founded in 2018 by Neil D’Souza, the former CTO of Thinkstep, which was later acquired by Sphera. Since then, it has been the only cloud-based platform that combines data aggregation and live applications for agile product lifecycle management.

Investing in the sustainable economy of the future

We are putting our decades of experience to work solving a problem that has so far eluded the manufacturing sector. In an increasingly complex environment, how do you make better products faster? “One of the answers we’ve found is to simplify and decentralize decision-making by instantly providing accurate and actionable multi-criteria data on the sustainability, costs and implications of risk decisions,” says Neil D’Souza, founder of Makersite. We are touched by the industry’s reaction. Until now, our growth in profitability has been due exclusively to word of mouth. With this investment, we will increase our execution and go-to-market capabilities to continue to deliver a cutting-edge solution to many more customers who have begun their transformation to the new standard of sustainable businesses,” says D’Souza.

Customers and regulations put pressure on many manufacturers and encourage them to reduce their carbon emissions. “Makersite is one of the only platforms that allows them to get to SKU level without having to do the heavy manual labor required to do so,” says Toshiya Otani, Managing Director of TransLink Capital.

Accelerating the decarbonization of the built environment and manufacturing methods is a central investment theme for KOMPAS. Understanding the impact of products throughout their life cycle to make more sustainable design and purchasing choices is key to decarbonizing our supply chains, says Sebastian Peck, Partner at KOMPAS. Makersite empowers companies with actionable data and analytical capabilities to facilitate necessary operational changes and create more sustainable and successful products. We are excited to be part of this funding round and look forward to supporting Neil and his team as the company grows,” said Peck.

We are witnessing an unprecedented movement, which sees all sectors uniting their efforts to decarbonize and depollute our supply chains , adds Nick de la Forge, co-founder and partner at Planet A Ventures. Makersite’s technology enables companies to gain the granular product information needed to drive sustainable transformation. We are proud to continue to support Neil and the Makersite team and help them realize their global ambitions with their award-winning software,” concluded Mr. de la Forge.

For more information, visit makersite.io.

About Makersite

Makersite is an award-winning software-as-a-service provider that helps manufacturing companies solve complex product and supply chain challenges. Created in 2018 by its CEO and founder Neil D’Souza, the Stuttgart-based company employs more than 30 people in Europe, America and Asia. Its client portfolio includes companies such as Microsoft, Lush, Cummins and Vestas. Among other areas, Makersite is the leader in supply chain transformation and full automation of LCAs and Scope 3 engagement reporting. In 2021 alone, more than eight million LCAs were processed on the cloud platform.

About HITACHI VENTURES

Hitachi Ventures is the strategic corporate venture capital arm of Hitachi Ltd. We invest in innovative start-ups that are of strategic interest to Hitachi Ltd. and which address the main technological challenges facing society in targeted areas such as mobility, healthcare, smart lifestyle, industry, energy and IT. From our offices in Munich and Boston, we cover Europe, Israel and North America. We seek out leading start-ups with promising technologies and business models that we support as investors and through strategic collaborations with Hitachi divisions.

About TransLink

Based in Palo Alto, Calif., Translink Capital is an early-stage venture capital firm that invests in technology start-ups in the consumer goods, enterprise, and blockchain sectors. Founded in 2006, the company manages over $1 billion in assets and was designed to unite founders and their innovative businesses into a single set of resources and networks to support their development to create successful companies. founders for their sector. Translink Capital’s consumer portfolio companies include or have featured Aktiia, Empowerly, Epic!, Market Kurly, Misfit (acquired by Fossil), Molekule, Noom, SoundHound and Within (acquired by Meta).

about COMPAS

KOMPAS is an early-stage venture capital firm that funds breakthrough innovations accelerating digital transformation and industrial automation across the built environment. Founded in October 2021, KOMPAS supports the creation of a more sustainable economy by promoting innovative engineering solutions that significantly reduce waste and CO2 emissions. KOMPAS is led by partners Sebastian Peck, Talia Rafaeli and Andreas Strasser. Its headquarters are in Copenhagen, but the company also has offices in Amsterdam, Berlin and Tel Aviv. Its Fund I (USD 160 million) targets early-stage and Series A companies in Europe, Israel and North America.

About Planet A

Planet A is an investment fund associated with green European technology start-ups having a significant positive impact on our planet while participating in the creation of companies with growth potential around the world. Our mission is to contribute to the economy while respecting the limits of the planet. We support innovation in four key areas: limiting the effects of climate change, reducing waste, saving resources and protecting biodiversity. We are the first players in the world of European venture capital to offer scientific impact studies on which to base our investment decisions and enabling business creators to manage and improve their impact. An extensive network of experienced experts and creators supports our portfolio companies. Our investment recipients include Traceless, Ineratec, C1, GoodCarbon and Makersite.

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