DRIMCO Funding News -German DRIMCO Secures $5Million In Pre-Series A Round

For manufacturing firms responding to tenders or RFQs, understanding thousands of requirements within short deadlines is a major challenge, often resulting in costly errors and up to 10% revenue loss.

DRIMCO solves this with its proprietary AI tool that analyzes RFQs, tenders, and regulations, streamlining the requirements process for all stakeholders.

DRIM features multi-AI Action Agents designed to assist subject matter experts in managing the compliance (deviation) matrix throughout project phases. By reusing historical project knowledge, the tool speeds up bidding, improves accuracy, and reduces risks.

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DRIMCO was founded by Dr. Pankaj Gupta, Dr. Bernt Andrassy, and Costin Cozan, who are also the company’s managing directors.

The investment will further accelerate the AI evolution of DRIM and multi-AI action agents, e.g., GPTender—an industry-tailored AI Requirement Agent that extracts key product configurations revolutionizing requirements understanding. It also enables interactive chat with tender documents, to query requirements, standards, and compliance details directly from the knowledge base created by DRIM. Furthermore, the investment will fast-track our vision of becoming a leading AI and data company at the heart of industry. It enables our customers to manage digital transformation more effectively and deliver greater value, all while meeting the highest EU standards for privacy, transparency, and traceability. It also helps us attract top talent eager to drive meaningful impact.

DRIMCO has processed over 100 million requirements to date, helping major global companies like Siemens, KSB, Royal Smit, Innomotics, and several others across Europe and the U.S. save both time and costs.

Christian Claussen, General Partner at Ventech, shared that their firm backs visionary founders leveraging advanced technologies to reshape traditional industries. He added:

DRIMCO is doing exactly that for industrial manufacturing and engineering, where the complexity of requirements has long hindered efficiency. Their multi-AI agent platform marks a breakthrough in how industrial players tackle tenders and compliance, — transforming what used to be a manual, error-prone process into a fast, intelligent, and secure one. We’re proud to support Bernt, Pankaj, Costin and the entire DRIMCO team on its journey to become the category-defining leader in requirements intelligence.

About DRIMCO

Founded in 2020, DRIMCO GmbH offers enterprise software that streamlines and digitizes the industrial quotation process through its flagship product, DRIM. DRIM helps solve this by using intelligent document processing (IDP) to centralize and automate the evaluation of RFQs, standards, and norms.