Tacto receives 50 million euros for future-proof supply chains

The latest financing round is intended to strengthen Tacto's focus on supply chain solutions for SMEs. A step towards efficiency and competitiveness.

Munich, December 12, 2023 - The artificial intelligence (AI)-based operating system Tacto has received 50 million euros in a financing round from investors such as Sequoia Capital, Index Ventures and existing backers. The funds will primarily be used to accelerate product development and strengthen AI investments to provide solutions for the growing challenges in supply chains.

Increasing regulation and disruptions in supply chains pose major challenges to our economic backbone, the industrial SME sector:

André Petry, CEO & Co-Founder of Tacto

André Petry, CEO & Co-Founder of Tacto, emphasizes the increasing complexity in supply chains due to regulation and disruptions. The funding received underlines the confidence in their product and enables further investment in technology to keep customers competitive in a complex supply chain landscape.

Procurement plays a critical role in solving supply chain problems. About half of the costs in industrial companies arise from the purchase of production materials. Tacto offers medium-sized companies a solution for strategic supplier management, compliance processing and efficient material procurement.

For example, we can analyze all supplier data and cost drivers in real time so that we can prepare for a supplier visit at any time at the touch of a button, resulting in considerable time and cost savings.

Matthias Schlotter, Purchasing Manager at Schwäbische Werkzeugmaschinen

Matthias Schlotter, Purchasing Manager at Schwäbische Werkzeugmaschinen, comments on the role of Tacto in the digitalization of purchasing. Without Tacto, additional people would have to be hired to meet the increasing requirements and regulations. With the AI-based solution, they can instead focus on value-adding tasks and realize time and cost savings in the process.

Strong customer base in the SME sector

Tacto already has a customer base from various sectors of the industrial SME sector, which use their AI-based solution to manage purchasing volumes in the billions and numerous suppliers. The start-up's customer focus convinced investors and underlines the added value of this innovation for companies.

Founded in Munich in 2020, the company employs more than 40 people in the areas of AI development and procurement expertise. UVC Partners' investment supports Tacto's further growth and provides access to a broad network of talent, industry customers and financial partners through its collaboration with UnternehmerTUM, an innovation and incubation hub in Europe.