Makersite, a Stuttgart-based company, raised €60 million in Series B funding led by Lightrock and Partech, with participation from SE Ventures and previous investors. The company aids manufacturers in creating sustainable supply chains using its AI-driven platform. Notable clients include Microsoft, which reduced its Surface Pro 10's carbon footprint by 28% using Makersite. The funds will enhance data capture, AI infrastructure, and expand the team from 155 to 200 by year-end.

STUTTGART, Germany, Aug. 6, 2024 /PRNewswire/ -- Makersite announces that Daikin Europe, European headquarters of air conditioning technology leader Daikin Industries, will make use of Makersite's AI-enabled product lifecycle intelligence software to enhance their European R&D process. The software will allow Daikin to establish a comprehensive approach to managing sustainability, cost, and compliance with regards to their product design.Makersite's data foundation, an extensive database of compliance, cost, and environmental impact data, will enable Daikin to automate and scale LCAs for every new product, in turn supporting better product design and sourcing decisions.In a first phase, the focus will be on producing accurate, automated LCAs across Daikin's European product lines alongside comprehensive product compliance reporting. By harmonizing data and automating these processes, Daikin is setting the stage for future advancements in ecodesign and sustainable product development."Daikin and Makersite both value sustainable product design, innovation, and sourcing," said Neil D'Souza, CEO and Founder of Makersite. "Integrating Daikin's product data with external supply chain databases within Makersite's unified data foundation prepares Daikin for the transition to ecodesign and sustainable product development, enhancing their competitive edge in the market.""Working with Makersite's AI powered software underscores our commitment to sustainability and innovation," said Enrique de León Besoli, Sustainability Compliance Engineer at Daikin Europe. "By leveraging cutting-edge technologies and collaborative efforts, Daikin aims to set new standards for environmental responsibility and efficiency, ensuring long-term benefits for customers and the planet."About Makersite GmbHMakersite is a pioneering Product Lifecycle Intelligence platform that helps product teams to manage product sustainability, supply chain risk, cost, and compliance in real-time, all in one place

Industry veterans bring expertise in product development, lifecycle management and predictive analyticsSTUTTGART, Germany, June 19, 2024 /PRNewswire/ -- Makersite, a software company pioneering a new approach to automated lifecycle analysis and supply chain management, today announced the hiring of Vatsan Govindarajan as Chief Technology Officer and Bram de Bot as Director of Data. These hires represent a milestone in Makersite's growth and exemplify the company's vision to transform the future of sustainable product design, sourcing and manufacturing.Vatsan Govindarajan joins Makersite with more than 20 years of experience in product development in Supply Chain and Product Lifecycle Management (PLM) solutions and in corporate strategy and transformation. He previously served at SAP as Senior Vice President of PLM and Engineering. With his knowledge of the industry, Vatsan's leadership will further accelerate Makersite's y technology roadmap ."Joining Makersite as CTO has been an energizing experience," Vatsan said. "Makersite is leading companies into the future of sustainable supply chains and product development, and I find it both meaningful and exciting to be with a company helping manufacturers across industries make better and more sustainable decisions."Bram de Bot brings a strong background in spatial data analytics and data integration to Makersite. As senior director of data capture and ingestion at HERE Technologies, he led four global teams focused on the collection and integration of spatial data into the HERE databases