WORKERBASE, a Munich, Germany-based SaaS platform that streamlines processes in the manufacturing industry, announced that it secured €10 million in Series A funding.
The investment was from new investors Almaz Capital, Porsche Ventures, and Bayern Kapital, with participation from existing investor Point.
The European Investment Fund (EIF), Cisco, the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC) also participated in the round.
The funds will be used to accelerate its next growth phase, enabling manufacturing companies to increase efficiency and flexibility.
According to CEO Norman Hartmann, the focus lies on maximizing the flexibility of production processes, “Our key mission with the Series A funding is to make manufacturing processes more dynamic. Static manufacturing processes and systems are failing in the current environment. WORKERBASE combines human and machine intelligence to create a fully dynamic production environment based on real-time information. We call it Dynamic Process Execution (DPE),” he says.
Company: WORKERBASE GmbH
Raised: €10.0M
Round: Series A
Funding Month: October 2022
Lead Investors: Almaz Capital, Porsche Ventures, and Bayern Kapital
Additional Investors: Point Nine, European Investment Fund (EIF), Cisco, the European Bank for Reconstruction and Development (EBRD), and the International Finance Corporation (IFC)
Company Website: https://workerbase.com/
Software Category: Dynamic Process Execution software
About the Company: Founded in 2017 by Norman Hartmann, Thorsten Krüger, and Hamid Reza Monadjem, WORKERBASE is an agile manufacturing company that optimizes manual work in Industry 4.0. WORKERBASE has developed a dedicated software platform that connects people, processes, machines, and materials in real time. Its dynamic process execution software platform is a production system built on complete process flexibility and real-time orchestration of work processes. Its dynamic process execution software was created after 18 months of research at the global R&D unit of a Fortune 500 company active in the fields of industry, energy, and infrastructure solutions. WORKERBASE removes the restrictions of your legacy ERP, MES, and other systems and upgrades you to a completely flexible production environment. Its founding team has a combined experience of more than 30 years in IT, manufacturing, mobile, and product development.
Source: https://siliconcanals.com/news/startups/munich-workerbase-secures-10m/