Sequoia, Index Back German Supply Chain AI Startup Tacto
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Sequoia Capital and Index Ventures led a €50 million ($54 million) funding round for German startup Tacto Technology GmbH, whose software helps businesses optimize their supply chains.
Tacto uses AI to enable companies to identify cost savings by analyzing pricing of key costs, like raw materials and energy. This approach can cut procurement spending by about 10%, Tacto’s Chief Executive Officer Andre Petry told Bloomberg.