Munich-based remberg, an AI-based upkeep platform, raised €15M in a Sequence A+ spherical. Acton Capital and Oxx led the funding, joined by Earlybird, Speedinvest, and Fly Ventures.
remberg will use the funds to increase operations throughout Europe and speed up improvement of its AI-based upkeep platform, together with including predictive upkeep options, whereas additionally rising its gross sales and market presence in key European areas.
David Hahn, CEO and co-founder of remberg, says, “We’re constructing the main upkeep platform within the AI period to safeguard the competitiveness of the European industrial sector.”
An intuitive AI-powered upkeep software program
European factories lose about €500B annually when machines cease with out warning, in response to The True Price of Downtime Report 2024 by Siemens. Many mid-sized corporations nonetheless run upkeep with outdated techniques or handbook steps. That is the place remberg appears to make a distinction.
Based in 2018 by David Hahn, Julian Borg, Cecil Wöbker, and Hagen Schmidtchen, remberg provides a cloud-based upkeep platform that hyperlinks with present IT setups and may work alongside any current upkeep software program.
Co-founder David Hahn says, “Europe’s industrial sector wants homegrown options. We will’t afford handy over this software program class to the US – particularly when it includes the spine of our financial system: manufacturing, industrial belongings, and delicate knowledge. That’s the place remberg is available in.”
When tools fails, a employee scans a QR code on the machine to open an AI chat assistant in remberg. Utilizing the machine’s data and knowledge, the assistant provides troubleshooting steps so workers can repair the issue quicker.
Over 150 industrial corporations use remberg to chop machine stoppages and automate upkeep duties. Customers embrace SCHUNK, Brandt Zwieback-Schokoladen, Liqui Moly, Edding, and Meleghy Automotive.
Bridging the hole: Europe’s home-grown AI upkeep platform
Digital upkeep instruments are frequent within the US, the place providers corresponding to MaintainX are broadly used. Europe has lacked the same AI-powered possibility. remberg targets this hole, tailoring its service to European trade necessities corresponding to knowledge safety, native internet hosting, and blended ranges of digital readiness.
The platform now tracks a couple of million belongings and appears to develop into a regional chief in Computerised Upkeep Administration Techniques (CMMS) and Enterprise Asset Administration (EAM) options.
Philip Edmondson-Jones, Associate at Oxx, says, “remberg is quick turning into an indispensable system of document for the upkeep departments of Europe’s forward-thinking industrial corporations. We’re thrilled to assist their staff to carry remberg’s market main AI-capabilities throughout the continent.”
Julius Lühr, Associate at Acton Capital in Munich, provides, “remberg helps European trade to optimise its operations. Within the present geopolitical scenario, machine availability and aggressive prices are extra necessary than ever – remberg supplies the digital infrastructure for this.”
Transient concerning the lead traders
Oxx companions with European B2B software program corporations on the scale-up stage, specializing in constructing scalable go-to-market methods. The agency helps founders in reaching sustainable and capital-efficient progress, a course of it calls Go-To-Market Match. Based in 2017 by Richard Anton and Mikael Johnsson, Oxx relies in London and Stockholm and invests throughout Europe.
Acton Capital is a VC agency with workplaces in Munich and Vancouver. Since 1999, it has invested in tech-based companies throughout Europe and North America. With greater than 20 years of expertise, the agency has supported over 100 startups, together with corporations corresponding to Alphasights, Clio, HomeToGo, and Mambu.
