Synthavo, a Stuttgart-based startup centered on the spare elements and after-sales service house, has secured a €4 million seed funding to broaden their crew, enhance operational capability, and additional develop their AI-powered platform.
The funding spherical was co-led by Samaipata, the pan-European enterprise capital fund specializing in digital companies with community results, and Senovo, who again European B2B software program founders with US ambitions.
The funding spherical additionally included participation from energetic enterprise angels akin to Rainer Hundsdörfer, Tobias Rieker (Market-Pilot) and Oliver Bendig.
Sebastian Stöcklmeier, CEO of Synthavo: “Procurement and administration of spare elements stay extremely handbook and time-consuming in manufacturing at the moment. Our AI expertise unlocks effectivity and development potential for the equipment business, enabling producers to independently, shortly, and precisely order spare elements across the clock. This innovation strengthens buyer loyalty, drives half gross sales, and boosts technician effectivity, marking a game-changing development for the commercial sector.”
Synthavo, based in 2021 by Sebastian Stöcklmeier, Alexander Illg, and Benedict Lindner, is a number one AI-powered answer supplier within the spare elements and after-sales service house, devoted to innovating the best way through which machine producers and their shoppers handle spare elements.
Synthavo has grown to fifteen workers since its founding and counts notable business figures akin to Schmitz Cargobull and ASMPT amongst its shoppers, underscoring its dedication to establishing itself because the premier international assistant for spare elements administration.
In line with Synthavo, their AI-powered platform maximises spare elements gross sales, enhances operational effectivity, and reduces machine downtime, supporting a seamless and environment friendly manufacturing expertise.
It additionally seeks to allow machine producers to optimise spare elements gross sales, streamline the ordering course of, and considerably cut back machine downtime. The platform permits anybody with a smartphone to establish and “order spare elements in underneath two seconds“, fostering uninterrupted industrial operations and maximising productiveness.
The brand new funding will primarily assist Synthavo’s strategic hiring, bolstering its gross sales, engineering, and buyer success groups to reinforce operational capability and repair excellence.
Leveraging this momentum, Synthavo is able to speed up its European enlargement and lay the groundwork for entry into the U.S. market.
Luis Garay, Accomplice at Samaipata mentioned: “Our funding in Synthavo represents our confidence to revolutionise spare elements and after-sales service within the manufacturing business. With a crew that mixes experience in industrial manufacturing and software program growth, Synthavo is setting new requirements by way of their AI-powered visible identification expertise. This funding aligns with our technique to again corporations that drive effectivity and digitisation in conventional sectors.”
Mona Gindler, Accomplice at Senovo added: “The Synthavo crew has a really deep understanding of their buyer phase and is very revered inside the business. With their technical edge, we see important potential to unlock untapped alternatives in spare elements administration for machine producers and sit up for being a part of that journey.”