Circonomit, based in Cologne, has raised €2.8M in seed funding from Vorwerk Ventures, Fund F, and PUSH VC. The investment will facilitate the expansion of Circonomit's product team and enhance market penetration. The company's modelling toolbox aims to provide manufacturing businesses with deeper insights into their operations and value chains. By enabling effective scenario planning and visualizing complex relationships, it seeks to ensure firms remain competitive and can respond rapidly to performance discrepancies. The technology is scheduled for market introduction in 2024, strengthening Germany's industrial competitiveness.
"Only companies that master their information and decision flows stay competitive," emphasises Marie-Sophie Ando, Senior Investment Manager at Vorwerk Ventures. "We believe Circonomit's flexible modelling toolbox has the potential to become a leading provider of data-driven decision support."
Dana Aleff, co-founder of Circonomit, states, "As a team, we're thrilled to create massive value by translating market fluctuations and internal events into actionable management metrics."
The user-friendly modelling toolbox enables businesses to understand, calculate, and control complex relationships, bringing the technology to market in 2024.
Executives can easily assess the financial and environmental effects of their choices, facilitating quicker responses when performance diverges from plans.
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