PartsCloud, a German B2B tech startup, has secured €5 million in Seed funding to disrupt traditional spare parts management. Investors, including Newion, MBG, and SquareOne, are backing the company’s mission to bring advanced AI-powered solutions to an outdated industry.
“Managing spare parts has been a manual nightmare for many businesses, relying on outdated systems like spreadsheets,” says Benjamin Reichenecker, CEO of PartsCloud. “We’re introducing a data-driven, proactive approach to streamline this critical process.”
A Digital Revolution for Spare Parts Logistics
Founded in 2021, PartsCloud offers an AI-driven platform to optimize inventory forecasting, automate logistics, and improve procurement efficiency. The platform reduces inventory costs by 30% and slashes internal process costs by up to 79%.
The challenge is clear: 80% of spare parts stored in factory warehouses are never used, wasting valuable resources. With predictive planning and a seamless plug-and-play connection to ERP systems, PartsCloud eliminates inefficiencies while reducing administrative burdens.
Driving Global Impact
PartsCloud already serves over 25 companies across Europe and the USA. With the recent funding, the company plans to expand into Asia and further develop its software, which already boasts a 30% lower error rate compared to traditional methods.
“PartsCloud’s solutions are a breath of fresh air for SMEs struggling with outdated systems,” said Leopold Lindner, VC Investor at Newion. “They’re tackling a major problem head-on and empowering businesses to stay competitive in a challenging market.”
What’s Next for PartsCloud?
The funding will help PartsCloud enhance its AI-powered tools and broaden its market reach. COO Fabian Gemmecke describes the platform as a “worry-free package” that simplifies spare parts logistics, making it accessible even for smaller businesses.
With this funding milestone, PartsCloud leads the way in transforming spare parts management.
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