Tvarit
Latest round
- Series A
Last raised
- Aug 2023
Total raised
- $7.1M
Investors
- 1
About Tvarit
Founded in 2019 by Rahul Prajapat and Suhas Patel, Tvarit GmbH specializes in AI solutions for the metal manufacturing sector. The company has completed a total of 4 deals, with the most recent on August 16, 2023.Tvarit GmbH specializes in providing industry-specific Artificial Intelligence (AI) solutions tailored for the metal manufacturing sector, with a focus on enhancing energy and resource efficiency while minimizing waste. Their core product, TVARIT Industrial AI (TiA®), integrates advanced AI algorithms with physics-based models to deliver prescriptive analytics for quality improvement and energy management. Key modules include the Prescriptive Quality Module, which aims to reduce defects by up to 60%, and the Prescriptive Energy Module, designed to cut energy consumption by as much as 30%. These solutions are intended for a range of end-use cases, such as optimizing production yields, reducing operational costs, and minimizing unplanned machine breakdowns.Tvarit's revenue model primarily revolves around B2B transactions, with a structured approach that includes pilot programs leading to full-scale implementations of their AI solutions across client facilities. Clients may engage in subscription-based agreements for ongoing software support and updates, while partnerships are often formed to facilitate the integration of AI solutions into existing manufacturing processes. Revenue streams are generated through the deployment of flagship products like TiA®, which provides measurable improvements in operational efficiencies, such as overall equipment effectiveness (OEE) and reduced defect rates.28 million post-money. Tvarit aims to design and launch new products in the coming months while targeting markets across Europe, North America, and Asia by the end of 2024.
Who invested in Tvarit
1 investor across 1 round
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Funding rounds
Series A
Aug 16, 2023
Amount
$7.1M
Investors
Questions about Tvarit
Who invested in Tvarit?
Tvarit has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Tvarit raised?
Tvarit has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Tvarit last raise money?
Tvarit's most recent round on record is a Series A, in Aug 2023.
What does Tvarit do?
Founded in 2019 by Rahul Prajapat and Suhas Patel, Tvarit GmbH specializes in AI solutions for the metal manufacturing sector.
Where is Tvarit headquartered?
Tvarit is headquartered in Frankfurt, Germany.
Which VCs invest in companies like Tvarit?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Highland Europe and Balderton Capital back software companies at Tvarit's stage. Their profiles are linked below.
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