Munich-based remberg, an AI-driven maintenance software provider for industrial firms, has raised €15 million in a Series A+ round co-led by Acton Capital and Oxx, with support from Earlybird Venture Capital.
- Founded in 2018 by Cecil Wöbker, Julian Madrzak, Hagen Schmidtchen, and David Hahn as a spin-off from the Technical University of Munich and CDTM, remberg develops AI-powered maintenance software for industrial companies.
- The platform supports asset management, work order creation and tracking, preventive maintenance, spare parts management, and process documentation through checklists and forms. It integrates seamlessly with existing ERP and MES systems and offers mobile accessibility.
- Remberg manages over 1 million assets for over 150 customers, including SCHUNK, Brandt Zwieback-Schokoladen, LIQUI MOLY, edding, and Meleghy Automotive.
Details of the deal
- The Series A+ round was co-led by Oxx and Munich-based Acton Capital. This VC firm has backed over 100 startups, including global companies like AlphaSights, Clio, HomeToGo, and Paretos, which have raised €8.5 million in funding.
“In the current geopolitical situation, machine availability and competitive costs are more important than ever – remberg provides the digital infrastructure for this," claims Julius Luehr, Partner at Acton Capital.
- Earlybird Venture Capital, Speedinvest, and Fly Ventures also joined the round.
- The startup will use the fresh €15 million funding to accelerate AI-driven product development, including adding predictive maintenance capabilities, and to expand its sales and market presence across key European regions.
"Europe’s industry needs European solutions especially in the current times. With this funding, we’re accelerating our mission to empower Europe’s industrial future with Intelligent Maintenance," remberg's team, commented on LinkedIn.
