smartFAB

Italy

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Startup details

Founded

2018

Funding

$1001k – $1500k

Employees

5

Business Stage

Seed stage – Revenue generating

Presentation

Download

Management Team

Ann LoCicero

CEO

Antonio Ingargiola

CTO

Grazia Bonanno

Product Manager

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.

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