Makersite is a developer of digital twin software for supply chain operations in manufacturing sectors. It uses AI and graph technology to map portfolio products, suppliers, and processes to construct digital twins for each product, thereby enabling users to gain control over its supply chain.
The platform has over 50 analytical applications, including costing, compliance, and supply chain risk, and has access to over 140 external databases. The company operates a B2B2C business model, offering services to consultants, small businesses, and enterprises. The pricing for the platform starts from USD 13,000 (EUR 12,000) per year for small businesses and then increases in price for teams and enterprises.
Key customers and partnerships
The company has several integration partners, including Trinity, Wolters Kluwer Enablon, Accenture, AECOM, and GreenDelta to assist customers with the implementation of Makersite solutions. In May 2022, the company partnered with Beroe Inc to integrate Makersite’s database to Beroe’s solution to offer a multi-tier supply chain risk assessment. Also, in September 2022, the company announced Autodesk as its sustainability analytics partner. Further, in January 2024, the company partnered with WSP to combine Makersite’s technology with WSP’s expertise in EHS & ESG consulting.
Furthermore, the company’s key customers include Microsoft, Vestas, Cummins, Hitachi Solutions, and Procter & Gamble.
Funding and financials
The company raised USD 18 million in October 2022 in a Series A funding round led by Hitachi Ventures. The new funds were allocated toward expanding its customer base.
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