Workerbase has worked €10 million in its coffers in a Series A funding round. The Munich-based low-code SaaS platform orchestrates processes in the manufacturing industry and, according to the company, enables its customers to increase revenues by upwards of 20%. The Series A capital gained will be used to further develop the startups’ offerings, ultimately aimed at helping manufacturing companies to increase efficiency and flexibility.
Supply chain disruptions, chip shortages, an energy crisis, 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 manufacturers of those goodies and necessities were (should) cherish so much.
Helping makers to keep on making and stockers to keep on stocking, Munich’s Workerbase is offering manufacturers algorithm-based solutions that “connect people, processes, machines, and materials in real-time.”
Hopefully, these connections aren’t physical.
Moving on, according to Workerbase, their software prevents production-related problems by keeping tabs on inefficiencies in processes as they pop up. When issues do make an appearance, the startup’s algorithm surveys a host of employee skills, locations, and availability and automagically assembles a task force to fix said issue, ultimately leading to improved efficiency and effectiveness.
“Static manufacturing processes and systems are failing in the current environment,” commented Workerbased CEO Norman Hartmann. “Workerbase combines human and machine intelligence to create a fully dynamic production environment based on realtime information. We call it Dynamic Process Execution (DPE).”
Workerbase’s Dynamic Process Execution is already in the works at some rather notable large-scale factories including those of Porsche, Siemens, PON.bike, and GKN Powder Metallurgy.
“Digital transformation has been a part of the production environment for some time and will continue to have a significant impact in the future. Companies must remain flexible in order to be able to modify and integrate improvements at any time. Workerbase has the potential to disrupt the manufacturing software industry by helping companies to digitize manual processes, and react quickly in a constantly changing production environment,” commented Patrick Huke, Head of Porsche Ventures Europe & Israel.