Resourcly raises €2.7M to turn hidden inventory into profit

Germany-based Resourcly, an AI platform optimizing manufacturing inventories, has secured €2.7 million in seed funding to expand its operations. This investment, led by Project A, underscores the growing importance of AI solutions in streamlining industrial processes and improving efficiency within the European manufacturing sector. The platform aims to address inefficiencies in parts management, a significant challenge for manufacturers across the continent. Resourcly’s AI-powered platform tackles the issue of fragmented and inconsistent parts data by standardizing information, identifying duplicates, and suggesting viable alternatives. The system, which processes data uploads from CSV files, promises to unlock up to 15 percent improvement in working capital for manufacturers. The platform's capabilities are designed to alleviate production delays, which affect up to 20 percent of manufacturing operations. This technology directly benefits manufacturers by enabling them to better manage their $2.5 trillion of idle inventory and reduce the $200 billion worth of usable parts discarded annually. The funding will fuel Resourcly's growth, supporting new hires in engineering, product, and sales, and facilitating expansion to large enterprise customers throughout Europe. By improving inventory management, Resourcly can help European manufacturers compete more effectively. The platform's success highlights the potential for AI to enhance operational efficiency. The company is poised to become a key player in the European manufacturing technology landscape.