Cherry Ventures
Assembly Line
Plato secures $6.5M to transform wholesale industry with AI-based ERP automation platform
Plato, a Berlin-based AI-based ERP automation platform for wholesale distributors, has secured $6.5 million in pre-seed funding. The round was led by Cherry Ventures (which recently invested in Voliro and Atlas Metrics), with additional backing from the German government and C-level angels from tech giants, including Microsoft, SAP, NVIDIA, Celonis, Personio, Sennder, and Forto.
The company is all set to transform the AI transformation of the $53 trillion global wholesale industry. The new funding will be used to expand Plato’s team and scale its product across multiple large customers with thousands of sales representatives.
The company’s innovative platform integrates seamlessly with existing ERP systems, offering sales intelligence, AI-driven recommendations for cross-selling, up-selling, and churn prevention; and workflow automation of routine tasks such as quote and order creation, freeing up sales teams to focus on growth.
Tacto raises €5.3m to build sustainable supply chains
Munich-based software company Tacto raised € 5.3m to transform industrial procurement. The financing was led by venture capital firm Cherry Ventures together with UVC Partners, Visionaries Club, and Personio’s Hanno Renner, GetYourGuide’s Johannes Reck, Forto’s Michael Wax, and Helsing’s Torsten Reil.
“With Tacto, we are significantly advancing the digitalisation of our procurement: thanks to the software, which can be operated by all employees, we are moving away from Excel-based processes towards a completely digitalised procurement. A few months after the implementation, we were already able to record strong savings potentials,” says Matthias Schlotter, Procurement Manager at Schwäbische Werkzeugmaschinen.