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Mavarick AI raises €1.3 million in pre-seed funding led by Act VC

May 07, 2024over 1 year ago

Amount Raised

€1.3 Million

Round Type

seed

LimerickManufacturing

Investors

Act Vc

Description

Sustainable manufacturing start-up Mavarick AI has raised €1.3 million in pre-seed funding to bring the manufacturing industry into the new world of AI.

Company Information

Company

Mavarick AI

Location

Limerick, Munster, Ireland

About

Mavarick enables manufacturers to become more sustainable and productive. Our technology gives manufacturers precise and accurate information about their operations so they can reduce carbon emissions, increase productivity, and make better decisions across their business. Born on the shop floor and developed by data scientists, manufacturers, and sustainability experts, our easy-to-use tools make powerful AI solutions accessible to all the team.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers