About Startup

Accelerate the impact of smart factory management

Vision

smartFAB empowers manufacturers of all sizes to make more with less by making actionable and explainable, cross-functional insights accessible to decision-makers of all skillsets. It aims to increase the competitiveness of European manufacturers by reducing scrap rates by 30% and increasing production efficiency by 20%.

Problem & Opportunity

There are no tools that quickly turn manufacturing data into actionable, easy-to-understant insights.

Value proposition

Off-the-shelf software solution that combines automated analytics and storytelling into a single integrated tool designed specifically for manufacturing.

Business model

SaaS – Subscription revenue model and tiered pricing strategy.

Go-to-market plan

SBalance between the two sales channels: direct to manufacturers and via partnerships with manufacturing software and solution providers.

Management team

Unique combination of skills and experience – finance, sales, manufacturing, and data science. Two-thirds of the management team is female.

Pilot projects

Negotiating POC with leading Italian textile manufacturer. Completed 4 POCs: semiconductor, auto components, book printing, and food processing manufacturers. Completed paid Pilot with a semiconductor manufacturer.

Clients

Clients: LFoundry – Partners: PWC

Ask

Raising €1.5M this summer to obtain product/market and channel/model fit and be ready to scale in 18 months.