Berlin-based CNC24 lands €8.25 million for its digital B2B procurement platform
Summary
We founded CNC24 with the goal to revolutionize the component sourcing process with a hybrid approach that combines smart AI-driven automation with personalized expert consulting. We are very excited to have well-known investors on our side to support our integrative platform approach and conquer the €50+ billion market for components.” The Berlin-based team has just closed its Series A funding with €8.25 million in the bag. The company leverages a global network of suppliers and so is able to guarantee free capacities, high material availability and on-time delivery of components at all times. Already, the platform has customers such as SIEMENS, DIEHL Group, Qualcomm, KRONES AG, Carl Zeiss, Vishay, BASF, CERN, FANUC and Syntegon are trusting CNC24 as a sourcing partner for precision components. In addition, we can guarantee a high-quality standard not only because of our carefully selected partners but our in-house Quality-Assurance-As-A-Service center in Berlin.” The company’s goal is to create an ecosystem for a transparent and simple procurement process for customers and suppliers.
Funding
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