Berlin-based startup KREATIZE has raised €4 million in Series A funding, so as to transform the manufacturing industry. This funding has taken place just 18 months after its market launch. The funding round was led by Earlybird Venture Capital and Atlantic Labs.
Know everything about KREATIZE
Found by Daniel Alonso Garcia and Simon Tüchelmann in December 2015, the German startup has an automation platform, which offers its services to mechanical engineering companies and manufacturing partners. These services range from complete order processing to the delivery of industrial components.
KREATIZE has offices in Berlin and Tübingen and employees over 30 people. With the help of this, users can request for a bid, order industrial components, and track the status of their order online. Production partners can further increase their production capacities and accept orders using KREATIZE.
How will be the funds utilised?
The startup will be making use of the funds to expand its operations in Europe. The company will be expanding its platform, utilising improved data evaluation methods and machine learning to improvise its capacities, prices and transparency.
Regarding the future targets of the company, CEO and co-founder Simon Tüchelmann stated:
With our solutions, we help our manufacturing partners increase their capacity utilisation, and offer our customers in the mechanical engineering market attractive prices and extremely short delivery times – a win-win for both sides. The feedback from our more than 200 customers and 300 manufacturing partners has been excellent, and has encouraged us to use the new capital to expand throughout Europe.
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