Synthavo, a Stuttgart-based startup targeted on the spare components and after-sales service house, has secured a €4 million seed funding to broaden their group, enhance operational capability, and additional develop their AI-powered platform.
The funding spherical was co-led by Samaipata, the pan-European enterprise capital fund specializing in digital companies with community results, and Senovo, who again European B2B software program founders with US ambitions.
The funding spherical additionally included participation from energetic enterprise angels reminiscent of Rainer Hundsdörfer, Tobias Rieker (Market-Pilot) and Oliver Bendig.
Sebastian Stöcklmeier, CEO of Synthavo: “Procurement and administration of spare components stay extremely guide and time-consuming in manufacturing right now. Our AI know-how unlocks effectivity and development potential for the equipment business, enabling producers to independently, rapidly, and precisely order spare components across the clock. This innovation strengthens buyer loyalty, drives half gross sales, and boosts technician effectivity, marking a game-changing development for the commercial sector.”
Synthavo, based in 2021 by Sebastian Stöcklmeier, Alexander Illg, and Benedict Lindner, is a number one AI-powered answer supplier within the spare components and after-sales service house, devoted to innovating the way in which by which machine producers and their shoppers handle spare components.
Synthavo has grown to fifteen staff since its founding and counts notable business figures reminiscent of Schmitz Cargobull and ASMPT amongst its shoppers, underscoring its dedication to establishing itself because the premier international assistant for spare components administration.
Based on Synthavo, their AI-powered platform maximises spare components gross sales, enhances operational effectivity, and reduces machine downtime, supporting a seamless and environment friendly manufacturing expertise.
It additionally seeks to allow machine producers to optimise spare components gross sales, streamline the ordering course of, and considerably scale back machine downtime. The platform permits anybody with a smartphone to establish and “order spare components in below two seconds“, fostering uninterrupted industrial operations and maximising productiveness.
The brand new funding will primarily assist Synthavo’s strategic hiring, bolstering its gross sales, engineering, and buyer success groups to reinforce operational capability and repair excellence.
Leveraging this momentum, Synthavo is able to speed up its European growth and lay the groundwork for entry into the U.S. market.
Luis Garay, Accomplice at Samaipata mentioned: “Our funding in Synthavo represents our confidence to revolutionise spare components and after-sales service within the manufacturing business. With a group that mixes experience in industrial manufacturing and software program improvement, Synthavo is setting new requirements by their AI-powered visible identification know-how. This funding aligns with our technique to again firms that drive effectivity and digitisation in conventional sectors.”
Mona Gindler, Accomplice at Senovo added: “The Synthavo group has a really deep understanding of their buyer section and is extremely revered inside the business. With their technical edge, we see important potential to unlock untapped alternatives in spare components administration for machine producers and sit up for being a part of that journey.”
