Tset funding news – Austria-based Tset Secures €12.7 Million in Series A Round Funding

The manufacturing sector may maximise cost and CO2 efficiency in product development, production, and procurement with the help of it's software as a service (SaaS) that gives real-time insights into the effects of design modifications on product cost and carbon footprint.

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Customers may benefit from a bigger margin and more transparency of product emissions with this cloud-based software, which is available as a Software as a Service (SaaS) offering and can be utilised from the early development phase through series production.

Hashemi and Tsetinis emphasise said, “Due to the regulation of CO₂ emissions and the increasingly intense competition in the automotive industry, the demand for our software is continuously growing. Following our success in Europe, we are now increasingly working on entering the North American and Asian markets.”

Brose Ventures, Ingenics Holding, and Carbon Removal Partners are among the investors in the current round. AGCO, Brose, Lego, Thyssenkrupp, ZF, and, as of this year, the BMW Group are among Tset's clientele.

About Tset

Tset they have set out to revolutionize cost & carbon management for the manufacturing industry. Their software combines data-driven algorithms with decades of hands-on industry knowledge. Get in touch with them and let's find out how your cost and sustainability experts can focus on what they do best.
Leading global OEMs and suppliers already trust and use Tset.