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Tacto Raises €50M For Ai Supply Chain Solutions

Dec 12, 2023about 2 years ago

Amount Raised

€50 Million

MunichSoftware Development

Description

Today Tacto, the German AI-based operating system for future-proof supply chains, announced it has raised €50 million.

Company Information

Company

Tacto

Location

Munich, Bavaria, Germany

About

Tacto revolutionizes procurement with its cloud-based software, building future-proof supply chains for industrial organizations. As the central hub connecting these organizations with their supplier base, Tacto streamlines procurement processes, ensures compliant supply chains and enables efficient material sourcing at optimal conditions. Procurement is responsible for 50 to 80% of the entire value creation of industrial companies - from costs to sustainability. The ever-increasing complexity of procurement, compliance requirements and supply chains requires intelligent solutions to become future-proof. Navigating the supplier landscape can be a daunting task, particularly for manufacturers in the 'German Mittelstand'. Tacto eliminates the challenges by empowering our customers to move away from outdated methods like email and spreadsheets. Our intelligent platform provides a seamless and transparent experience, simplifying all aspects of supplier management - digital, efficient & sustainable.

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Funding Insights

Based on industry data
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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech