Berlin-based company Plato develops AI software that helps distributors automate and optimize sales, has raised $14.5 million in a seed round led by Atomico, with participation from Cherry Ventures and new investors including Discovery Ventures and D11Z. Ventures.
- Launched in 2023 by Benedikt Nolte, Matthias Heinrich, and Oliver Birch, Plato develops an AI-based software platform for B2B distributors. The platform integrates with existing ERP and inventory management systems to provide sales teams with data-driven analyses and automated workflows.
- Plato’s software identifies relevant sales opportunities from large volumes of customer data, automates quote and order creation, and prioritizes tasks, enabling teams to act proactively rather than reactively.
- According to the company, this allows distributors to increase sales, improve efficiency, and reduce time spent on administrative tasks without changing their existing processes or systems.
Details of the deal
- The fresh capital will enable Plato to scale its AI Operating System for distributors and expand its team across engineering, AI, and sales. It will also support product innovation, enhancing automation, predictive insights, and cross-sell capabilities. In addition, the funding will strengthen operational infrastructure, improve ERP integrations, and support the company’s growth across European markets.
"Most importantly, this milestone belongs to our incredible Plato team. Building mission-critical software for a traditional industry isn’t easy, and your dedication and ownership make all the difference. I’m equally grateful to our customers, partners, investors, angels for your trust and for sharing our story. Your belief and long-term mindset enable us to move an entire industry forward," explains Benedikt Nolte, co-founder of Plato.
