Resourcly raises €2.7M to turn hidden inventory into profit
German AI platform Resourcly has secured €2.7 million in seed funding to optimize manufacturing inventories. The platform uses artificial intelligence to harmonize parts data, eliminate redundancies, and suggest suitable alternatives, which is particularly significant for boosting efficiency in European manufacturing. This investment highlights the growing focus on leveraging AI to address inefficiencies and improve resource utilization within the industrial sector. Resourcly's technology tackles the issue of manufacturers having trillions of dollars tied up in idle inventory and discarding billions in usable parts annually due to data fragmentation. The platform standardizes complex inventory data by identifying duplicates, flagging interchangeable components, and generating a unified dataset. This approach enables the resale and sharing of excess stock, unlocking up to a 15% improvement in working capital for its users. The impact of Resourcly’s AI extends to improved part availability and the potential to reduce production delays. The platform's technology can boost revenue potential by up to 20% for its customers. This funding will be used to expand Resourcly's engineering, product, and sales teams, and to accelerate its platform's expansion within major European manufacturing hubs, directly supporting the digital transformation of key industries.
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