Tacto Secures €50M to Streamline Industrial Supply Chains Follow Dec 12, 2023 · 1 min read
Tacto Secures €50M to Streamline Industrial Supply Chains
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Managing today’s complex global supply chains is no easy task, especially for mid-sized industrial companies. Tacto, an AI-powered operating system for industrial supply chain management, recently raised €50 million to further develop its solutions. This funding confirms strong demand for Tacto’s platform, which brings needed efficiency and resilience to intricate procurement workflows.

On average, industrial organizations spend 50% of revenue on supply chain and procurement activities. Yet many still rely on manual processes like spreadsheets to coordinate with hundreds of suppliers and thousands of materials. Tacto set out to change this status quo by building an intelligent system to automate and optimize all aspects of supply chain operations.

The startup’s AI software can completely streamline procurement tasks, ensuring compliance, enabling strategic sourcing, and identifying cost savings. For example, Tacto’s algorithms can find 10% cost reductions by analyzing price volatility across material categories. The system also handles rapidly evolving regulations so customers avoid the burden of manually tracking sustainability mandates.

This complexity only continues to rise in today’s dynamic global business environment. Supply uncertainties, emerging regulations, margin pressures - industrial supply chains now face unrelenting change and disruption. Tacto’s sophisticated solutions provide necessary visibility and control to thrive.

The company’s recent €50 million funding round, led by Sequoia Capital and Index Ventures, will fuel expansion of Tacto’s AI capabilities. Growing quickly is crucial as more organizations recognize the need to modernize supply chain systems.

Tacto specifically focuses on mid-market industrial companies, which form the critical German “Mittelstand” economic engine. Lean and innovative, these organizations require agile tools like Tacto to manage volatility. And Germany provides an ideal springboard for Tacto to ultimately transform global supply chain operations.

By further developing its AI to handle the end-to-end supply chain lifecycle, Tacto is poised to revolutionize procurement. The company enables industrial organizations to achieve resilience, sustainability, and efficiency as they deliver innovative manufactured products worldwide.

Backed by seasoned venture capital firms, Tacto has strong momentum to realize its vision. The latest funding round confirms market fit and demand. Expect to see Tacto’s operating system emerge as a new supply chain standard in coming years.

Written by Follow