Work base is operating with €10 million in its coffers in a Series A funding round. The Munich-based, low-code SaaS platform manages processes in the manufacturing industry and, according to the company, enables its customers to increase their revenue by over 20%. The Series A capital raised will be used to further develop the startups’ offerings, ultimately aimed at helping manufacturing companies increase efficiency and flexibility.
Supply chain disruptions, chip shortages, energy crises, 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 makers of those extras and necessities that (should) value so much.
Helping manufacturers keep producing and inventories keep stocking, Munich-based Workerbase offers manufacturers algorithm-based solutions that “connect people, processes, machines and materials in real time.”
Hopefully these connections aren’t physical.
Going forward, according to Workerbase, their software prevents production-related issues by monitoring inefficiencies in processes when they occur. When problems arise, the startup’s algorithm examines multiple employee skills, locations and availability and automatically assembles a task force to fix the issue, ultimately leading to improved efficiency and effectiveness.
“Static manufacturing processes and systems fail in the current environment,” commented the Workerbased CEO Norman Hartman. “Workerbase combines human and machine intelligence to create a fully dynamic production environment based on real-time information. We call it Dynamic Process Execution (DPE).”
Workerbase’s Dynamic Process Execution is already running in some pretty notable large factories, including those of Porsche, Siemens, PON.bike and GKN Powder Metallurgy.
Workerbase’s Series A round of €10 million was provided by new investors Porsche Ventures, Almaz Capitaland Bayern Capital together with the existing investor Point nine.
“Digital transformation has been part of the manufacturing environment for some time and will continue to have a significant impact in the future. Companies must remain flexible to be able to change and integrate improvements at any time. Workerbase has the potential to disrupt the manufacturing software industry by helping companies digitize manual processes and respond quickly in an ever-changing manufacturing environment,” commented Patrick Hueckhead of Porsche Ventures Europe and Israel.