Manukai secures $3 million pre-seed funding
Summary
ETH spin-off Manukai has raised $3 million in an oversubscribed pre-seed funding round led by QBIT Capital, marking a significant milestone in its mission to create proprietary AI models that unlock the value of data in manufacturing. With increasingly scarce skilled workersmetal machine setters were the top 5 occupation in demand in 2023 in Europethis bottleneck is intensified by geopolitical tensions, price pressures, and the shift toward regional supply chains. Our algorithms leverage client data within their secured environments, ensuring total IP protection while enhancing CNC programmers. This approach respects that the workers experience is the gold standardwe simply help them access and apply that knowledge more efficiently.Funding to fast-track AI-powered manufacturing innovation and market entry The funding round of $3 million (CHF 2.645 million) was led by Swiss VC QBIT Capital, with participation from Bloomhaus Ventures, and a group of angel investors. They are currently welcoming Nicolas Vetsch as a late co-founder, bringing extensive expertise in scaling organizations and leading marketing and sales initiatives.