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About Tacto
Industries
Enterprise Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$60.8M
Headquarters
Munich, Germany
Founded
2020
Overview
Tacto.ai is a digital platform that simplifies the procurement process for mid-sized businesses by consolidating all suppliers into one user-friendly interface. The platform is designed to eliminate manual tasks that do not add value, making the procurement process more efficient and sustainable. It is particularly useful for businesses that frequently onboard new suppliers, as it significantly reduces the time and effort involved in this process. Tacto.ai offers a 'Plug & Play' solution, which means it requires minimal setup and can be used immediately after implementation. Clients have reported high satisfaction levels due to the platform's ease of use. The tool provides an overview of product groups, items, and suppliers, enabling businesses to make informed decisions and achieve potential cost savings. Tacto.ai's goal is to help mid-sized businesses digitize their procurement processes, making them more streamlined and effective.
Simplify's Take
What believers are saying
- Tacto.ai raised €50M to enhance AI-driven supply chain solutions.
- The rise of 'Procurement as a Service' complements Tacto's offerings.
- Sustainability in procurement aligns with Tacto's efficient and ethical sourcing solutions.
What critics are saying
- Increased competition from other digital procurement platforms targeting mid-sized businesses.
- Rapid technological advancements may require continuous platform updates, straining resources.
- Economic uncertainties in Europe could impact Tacto's future funding opportunities.
What makes Tacto unique
- Tacto.ai offers a 'Plug & Play' solution for easy procurement process implementation.
- The platform consolidates all suppliers, simplifying procurement for mid-sized businesses.
- Tacto.ai provides real-time analytics for informed decision-making and cost savings.
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Funding
Total Funding
$60.8M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Hybrid Work Options
Paid Vacation
Wellness Program
Family Planning Benefits
Company Equity
Growth & Insights and Company News
6 month growth
↑ 7%1 year growth
↑ 12%2 year growth
↑ 4%Read this article in:Munich, characterised by a strong public support system, is the perfect scene for startups to blossom. Just last year, the city’s startup ecosystem considerably increased, placing 2nd in Germany, 6th in Western Europe, and 34th worldwide, according to the Global Ecosystem Index. In 2021, total investment in Munich startups hit a new record high of €4.2B.Munich’s thriving startup community is supported by guidance and resources from other startups, including coaching, financing, legal entity incorporation advice, and digital incubation. Success stories act as breeding grounds for talent, skills, and capital that provide strong fundamentals for the ecosystem’s future.Munich also benefits from the presence of strong universities and research institutes such as the Technical University Munich, Fraunhofer, and the DLR. This tech-driven ecosystem is marked by a culture of action and innovation, where individuals with strong ideas and determination drive the city’s progress.Not only are these startups making waves in the city, but they are also recruiting talents to help realise their big plans.So now, we bring you the list of those Munich-based startups to watch out for in 2024.FERNRIDEFounders: Hendrik Kramer, Jean-Michael Georg, Maximilian Fisser- A message from our partner -Founded Year: 2019Funding: $61M (€56.4M)Hiring: Yes, check out the job opportunities here.Fernride’s mission is to address the trucking industry’s two core challenges: the current shortage of 400,000 truck drivers in the EU and the 39 per cent GHG emissions attributed to diesel-powered trucks.As an end-to-end solution provider for autonomous, electric trucking, Fernride aims to accelerate the transformation of the logistics industry. Their approach integrates humans, which they refer to as teleoperators, into the system.As pioneers in automated and sustainable logistics, Fernride’s clientele includes Volkswagen Group Logistics, DB Schenker, HHLA, and BSH
Tacto helps mid-sized industrial organisations manage the rising complexity of supply chains.
Sequoia Capital and Index Ventures led a €50 million ($54 million) funding round for German startup Tacto Technology GmbH, whose software helps businesses optimize their supply chains.
AI startup Tacto is about to close a $20 million Sequoia round and already has more investors lined up, sources say.
Attempting to remove the roadblock, Munich-based software company Tacto has raised €5.3 million to transform industrial procurement.
Tacto is Hiring for 18 Jobs on Simplify!
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About Tacto
Industries
Enterprise Software
Company Size
51-200
Company Stage
Early VC
Total Funding
$60.8M
Headquarters
Munich, Germany
Founded
2020
Tacto is Hiring for 18 Jobs on Simplify!
Find jobs on Simplify and start your career today