Workerbase

Workerbase

Connected worker platform for manufacturing efficiency

About Workerbase

Simplify's Rating
Why Workerbase is rated
A
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Industrial & Manufacturing

Company Size

11-50

Company Stage

Series A

Total Funding

$12.3M

Headquarters

Munich, Germany

Founded

2017

Overview

Company Does Not Provide H1B Sponsorship

WORKERBASE focuses on connected worker platforms that enhance production flexibility and operational efficiency in manufacturing. Their low-code Industrial Internet of Things (IIoT) application platform integrates workforce and machinery, allowing real-time adaptation to changing demands. This platform empowers frontline workers with tools for real-time workflows, data analytics, and process mining. WORKERBASE aims to improve overall equipment effectiveness (OEE) and throughput while generating revenue through subscription services and customized solutions.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased adoption of low-code platforms boosts demand for Workerbase's solutions.
  • AI integration enhances predictive maintenance, improving equipment uptime for clients.
  • Workerbase can expand offerings with the rise of remote monitoring tools.

What critics are saying

  • Increased competition from other low-code IIoT platforms may erode market share.
  • Economic instability could impact manufacturing clients' budgets for new technologies.
  • Reliance on subscription-based revenue poses risks if client retention declines.

What makes Workerbase unique

  • Workerbase offers a low-code IIoT platform for real-time manufacturing workflows.
  • The platform integrates workforce and machinery for enhanced operational efficiency.
  • Workerbase's solutions are already used by industry leaders like Porsche and Siemens.

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Funding

Total Funding

$12.3M

Below

Industry Average

Funded Over

2 Rounds

Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$11M
Workerbase
$15M
Canva
$100M
GitHub

Growth & Insights and Company News

Headcount

6 month growth

-5%

1 year growth

-2%

2 year growth

16%
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May 9th, 2024
31 startups join Startup Autobahn 4.0 | Autocar Professional

After screening hundreds of young tech companies, Europe's largest innovation platform has accepted 31 start-ups. Thus far far, a record 130 projects were initiated in just 18 months.

Tech.eu
Oct 26th, 2022
Already In Use In The Factories Of Porsche And Siemens, Workerbase Raises €10 Million

Workerbase has worked €10 million in its coffers in a Series A funding round. The Munich-based low-code SaaS platform orchestrates processes in the manufacturing industry and, according to the company, enables its customers to increase revenues by upwards of 20%. The Series A capital gained will be used to further develop the startups’ offerings, ultimately aimed at helping manufacturing companies to increase efficiency and flexibility. Supply chain disruptions, chip shortages, an energy crisis, it’s all enough to make your head spin. And most of us are just on the consumer side of things. Imagine what it’s like for the manufacturers of those goodies and necessities were (should) cherish so much

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Jan 20th, 2021
Announcing: Next Gen Industry 4.0 Startups for BIND 4.0 in 2021

The next-generation Industry 4.0 Startups will be announced for the 5th Edition of the BIND 4.0 Open Innovation Platform.

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