Fundraising of €60 Million Successful for Product Lifecycle Intelligence System Platform
In a groundbreaking development, German AI startup Makersite has successfully raised €60 million ($70.2 million USD) in a Series B funding round, bringing its total capital to €85 million ($99.5 million USD). This significant investment, co-led by Lightrock and Partech, underscores strong confidence in Makersite’s mission to make sustainable product design the industry standard.
Makersite's cloud-based AI platform is revolutionizing the manufacturing industry by integrating and refining fragmented product and supply chain data. The result? Detailed "digital twins" of manufactured products that allow manufacturers to make informed, real-time decisions. These decisions are based on factors such as product costs, environmental footprints, compliance with regulations, and supply chain risks.
The funding will accelerate platform development, expanding its capabilities and user experience. It will also facilitate the expansion of the team to meet rising global demand among manufacturers seeking sustainability, cost efficiency, and regulatory compliance.
Makersite's technology is not just transforming how manufacturers understand and optimize their products and supply chains, but also how they report on them. The platform's automation capabilities, achieved through AI and graph technology, allow for the processing of thousands of SKUs with high speed and precision, a breakthrough for supply chain visibility and sustainable product development at scale.
Stakeholders view Makersite as a key player in enabling a transition towards affordable, safe, and environmentally friendly manufactured products. The recent funding round will help accelerate Makersite’s mission to scale globally and deepen its impact in improving sustainability and operational efficiency across industries.
Notable investors in this round include Lightrock, Partech, SE Ventures, Hitachi Ventures, and KOMPAS VC. Chris Steinau, Partner at Lightrock, expressed his pride in investing in Makersite as a global impact champion. Julien Cristiani, General Partner at SE Ventures, also invested in Makersite, expressing strong confidence in its vision and approach to sustainability.
Clients such as Microsoft and Schneider Electric have already experienced the benefits of Makersite's technology. Microsoft reduced the carbon footprint of its Surface Pro 10 laptop by 28%, while Schneider Electric plans to implement eco-design for over 200,000 SKUs.
Neil D'Souza, CEO and Founder of Makersite, stated that the funding will allow them to accelerate platform development, deepen integration with technology partners, and scale their impact globally. With this new investment, Makersite is poised to lead the way in intelligent manufacturing automation and sustainable product lifecycle management worldwide.
Investing in Makersite's Series B round, stakeholders, including Lightrock, Partech, SE Ventures, Hitachi Ventures, and KOMPAS VC, recognize the platform's potential to revolutionize business operations, particularly in the finance sector through sustainable product design and supply chain management. The technology, integrating artificial-intelligence and graph technology, enables manufacturers to make informed decisions by analyzing product costs, environmental footprints, regulatory compliance, and supply chain risks, ultimately leading to cost efficiency and improved sustainability.
