{"id":86742,"date":"2022-10-27T08:59:00","date_gmt":"2022-10-27T06:59:00","guid":{"rendered":"https:\/\/cms.munich-startup.net\/?p=86742"},"modified":"2022-10-26T13:26:21","modified_gmt":"2022-10-26T11:26:21","slug":"workerbase-series-a","status":"publish","type":"post","link":"https:\/\/cms.munich-startup.net\/en\/86742\/workerbase-series-a\/","title":{"rendered":"Workerbase closes Series A with 10 million euros"},"content":{"rendered":"
\n

With its software platform, Workerbase connects machines, processes, materials, and people in real time. The latter are integrated into the processes via wearables. In this way, the startup<\/a> help solve production-related problems. When a specific issue arises, the Workerbase solution automatically assembles a team with the necessary skills to solve it. It also takes into account the location and availability of the employees.<\/p>\n\n\n\n

According to CEO and Co-Founder Norman Hartmann<\/strong> explained:<\/p>\n\n\n\n

"Our main goal with the Series A funding is to make manufacturing processes more dynamic. Static manufacturing processes and systems are no longer appropriate in today's world. Workerbase combines human and machine intelligence to create a fully dynamic production environment based on real-time information. We call this Dynamic Process Execution (DPE)."<\/p><\/blockquote>\n\n\n\n

In line with these goals, the funds from the now completed Series A will also be used to further develop the software platform. The \u20ac10 million raised came from Californian deep-tech investor Almaz Capital, Porsche Ventures, and Bayern Kapital. Porsche itself, along with Siemens, Festool, and other industrial groups, is among Workerbase's customers. Existing investor Point Nine also participated in the round.<\/p>\n\n\n\n

\u201cWorkerbase has the potential to transform the manufacturing software industry\u201d<\/h2>\n\n\n\n

Patrick Huke<\/strong>, Head of Porsche Ventures<\/a> Europe & Israel says:<\/p>\n\n\n\n

"Digital transformation has been part of the manufacturing landscape for some time now and will continue to have a significant impact in the future. Companies must remain agile to adapt and integrate improvements at any time. Workerbase has the potential to transform the manufacturing software industry by helping companies digitize manual processes and respond quickly in an ever-changing manufacturing environment. We look forward to supporting the Workerbase team as an investor and partner in the future."<\/p><\/blockquote>\n\n\n\n

Monika Steger<\/strong>, Managing Director of Bavaria Capital<\/a>, added:<\/p>\n\n\n\n

"Workerbase has developed a smart software platform that significantly contributes to solving fundamental problems in the manufacturing industry. It eliminates tedious process structures and identifies discrepancies at an earlier stage \u2013 thus strengthening the efficiency and flexibility of the manufacturing process."<\/p><\/blockquote>\n\n\n\n

Also Aniruddha Nazre<\/strong>, Partner at Almaz Capital<\/a>, is convinced:<\/p>\n\n\n\n

"Workerbase transforms production processes by breaking them down into small, individual activities. Their Dynamic Process Execution software offers entirely new possibilities for increasing operational flexibility. We see a strong demand for this type of software in the market and enormous growth opportunities."<\/p><\/blockquote>\n\n\n\n

Startups strengthen Bavaria as a business location<\/h2>\n\n\n\n

For Hubert Aiwanger<\/strong>, Minister of Economic Affairs of the Free State of Bavaria, the startup Workerbase is also an example of the Free State's successful economic policy:<\/p>\n\n\n\n

"With the Bayern 2 Growth Fund, we have been supporting young Bavarian high-tech companies in their more mature development phase for two years. Workerbase is one of many examples of a technology that originated in Bavaria and where strong local manufacturing know-how is translated into an innovative product. We need many such startups in Bavaria. Because they are precisely the ones that contribute to strengthening our business location. The Growth Fund is an important and reliable source of start-up financing."<\/p><\/blockquote>\n<\/div>","protected":false},"excerpt":{"rendered":"

The Munich-based startup Workerbase makes industrial work processes more efficient and organizes collaboration between humans and machines. The company has now successfully raised \u20ac10 million in its Series A round. The funding comes from new investors Almaz Capital, Porsche Ventures, and Bayern Kapital, as well as existing investor Point Nine.<\/p>","protected":false},"author":33,"featured_media":86743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5633,1],"tags":[52,392,4258],"acf":[],"yoast_head":"\nWorkerbase schlie\u00dft Series-A mit 10 Millionen Euro ab - Munich Startup<\/title>\n<meta name=\"description\" content=\"Workerbase schlie\u00dft seine Series-A-Runde 10 Millionen Euro ab. 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