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SPARETECH
SPARETECH is a Stuttgart-based SaaS company founded in 2018 by former Porsche engineers Martin Weber and Dr. Lukas Biedermann. The company specializes in AI-powered enterprise MRO (Maintenance, Repair, and Operations) software designed to optimize industrial spare parts management for large manufacturing companies. With a catalog of over 40 million parts, SPARETECH's platform digitizes and harmonizes spare parts data, integrating seamlessly with ERP and CMMS systems to automate processes from identification to ordering. The core capabilities of SPARETECH's software include data harmonization, duplicate elimination, intelligent sourcing, and visibility into obsolete stock. This helps maintenance and procurement teams reduce inventories and costs while improving machine uptime. SPARETECH serves various industries, including automotive, aerospace, food, pharmaceuticals, and consumer goods, focusing on providing guaranteed availability of spare parts rather than physical ownership. The company has raised significant funding to support its mission of reducing costs and CO2 emissions while enhancing operational efficiency.
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$5M