Germany-based Tacto Technologies has secured €50 million ($54 million) in a funding round led by Sequoia Capital and Index Ventures. The startup’s supply chain management software, called Tacto, utilizes artificial intelligence (AI) to manage the complexities of the supply chain. Tacto is designed to assist small and medium-sized enterprises (SMEs) across various industries in monitoring suppliers, ensuring ESG (Environmental, Social, and Governance) compliance, and optimizing the procurement of sustainable materials.

Funding Round: Tacto Technologies has raised €50 million ($54 million) in a funding round led by Sequoia Capital and Index Ventures. Existing investors Visionaries Club, UVC Partners, and Cherry Ventures also participated in the round.

AI-Powered Supply Chain Management: Tacto offers an operating system (OS) powered by AI for supply chain management. The software is designed to help SMEs in diverse industries manage their supply chains effectively.

Use Cases: Tacto is used by SMEs producing a wide variety of tangible goods, ranging from board games and cleaning products to tunnel boring machines. The software aims to address the specific supply chain challenges faced by these companies.

ESG Compliance and Sustainability: Tacto’s AI-powered software enables companies to monitor suppliers, ensure ESG compliance, and purchase sustainable materials under optimal conditions. This aligns with the growing emphasis on sustainability in supply chain management.

Cost Savings: By analyzing data along the supply chain, including factors like raw material and energy costs, Tacto’s AI can identify potential cost savings of up to 10% of the purchasing volume.

Strategic Investors: The funding round was led by prominent investment firms Sequoia Capital and Index Ventures, signaling confidence in Tacto’s AI-driven approach to supply chain management.

Industry Focus: Tacto Technologies focuses on providing solutions to SMEs across various industries, helping them navigate supply chain complexities, enhance sustainability, and achieve cost savings.

The funding round reflects the growing interest and investment in technologies that leverage AI for optimizing supply chain processes, especially for SMEs. Tacto Technologies aims to support businesses in achieving greater efficiency, sustainability, and cost-effectiveness in their supply chain operations through its AI-powered software.

By Admin

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