Makersite
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Makersite is a software-as-a-service company. Its data platform uses digital twin technology and Artificial intelligence (AI)[1] to produce impact assessments evaluating several factors including sustainability, environmental compliance and risk, which can be used to inform decisions through the product design process and across the supply chain.[2]
History[edit]
- Makersite was founded in 2018 by Neil D’Souza, Makersite's current CEO. The company is based in Stuttgart, Germany.[1]
- D’Souza was inspired to found Makersite during his time as vice president of product development at Thinkstep after he noticed that impact assessments became less meaningful and accurate when they took too long for companies to finalize.[2][3]
- German venture capital firm Planet A began investing in Makersite in 2020 as part of an effort to support tech startups with significant potential to mitigate climate change.[4]
- In 2021, Makersite joined the ATI Boeing Accelerator scheme alongside nine other startups.[5]
- In 2022, Makersite raised €18 million ($17.5 million) in a series A funding round led by Hitachi Ventures.[1][6] At the time of funding, Makersite had raised approximately €18.8 million.[7]
Applications[edit]
Makersite's software platform evaluates the environmental impact of products by using AI to generate digital twins that visualize how products are produced, used, and discarded. These automated life-cycle assessments can be used to inform product design decisions related to sustainability, compliance, risk, and cost.[1][8]
Makersite launched an app for calculating and reporting product recycling content in July 2023 as an extension to its original platform.[9] Customers of Makersite include Cummins, Microsoft, Lush, and Vestas.[2][3]
Partnerships[edit]
Makersite partnered with software corporation Autodesk in 2022 to make Makersite available as a plug-in for Autodesk Fusion 360.[10]
The plug-in provides life cycle assessment tools within Autodesk's CAD software to report on the environmental impacts and cost of materials in a product's design.[11] Makersite then offers data reports and recommendations on material replacements to meet greenhouse gas emission goals or compliance with regulatory requirements.[12]
References[edit]
- ^ a b c d Lockwood, Tasmin. "This startup helps Microsoft and P&G make their products more sustainable. Check out the 14-slide pitch deck Makersite used to raise $17.5 million". Business Insider. Retrieved 2024-05-23.
- ^ a b c Wiggers, Kyle (2022-10-19). "Makersite lands $18M to help companies manage product supply chains". TechCrunch. Retrieved 2024-05-23.
- ^ a b Leigh, Dana (2022-11-23). "A Chat with Neil D'Souza, CEO at Cloud-Based Product Data Management Tool: Makersite". TechRound. Retrieved 2024-05-23.
- ^ Lockwood, Tasmin. "Scientists can spike startup bets in Planet A's new $172 million climate tech fund even if they have a good business case. Check out the 20-slide LP deck it used to raise the fresh cash". Business Insider. Retrieved 2024-05-23.
- ^ Gavine, Adam (2021-01-14). "10 startups join the ATI Boeing Accelerator scheme". Aircraft Interiors International. Retrieved 2024-05-23.
- ^ Shain, Emily (2022-10-18). "Sustainable Supply Chain Solutions Startup Makersite Raises $18 Million". ESG Today. Retrieved 2024-05-23.
- ^ "Helping manufacturers make better product and supply chain decisions, Makersite raises €18 million". Tech.eu. 2022-10-18. Retrieved 2024-05-23.
- ^ Goldman, Sharon (2022-06-06). "How AI helps Coca-Cola boost supply chain procurement". VentureBeat. Retrieved 2024-05-23.
- ^ Leimbach, Sydney. "New Makersite App Calculates Recycled Content for Manufacturing Companies - Environment+Energy Leader". www.environmentenergyleader.com/. Retrieved 2024-05-23.
- ^ "How AI is Helping Engineers Fix The Planet". Engineering.com. Retrieved 2024-05-23.
- ^ Wong, Kenneth (2022-05-12). "Autodesk to Bring Sustainability Assessment Tools in Partnership with Makersite". Digital Engineering. Retrieved 2024-05-23.
- ^ "How electronic engineers can design for sustainability (and make it pay off)". Engineering.com. Retrieved 2024-05-23.
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