Munich-based remberg, an AI-based maintenance platform, raised €15M in a Series A+ round. Acton Capital and Oxx led the funding, joined by Earlybird, Speedinvest, and Fly Ventures.
remberg will use the funds to expand operations across Europe and accelerate development of its AI-based maintenance platform, including adding predictive maintenance features, while also growing its sales and market presence in key European regions.
David Hahn, CEO and co-founder of remberg, says, “We are building the leading maintenance platform in the AI era to safeguard the competitiveness of the European industrial sector.”
An intuitive AI-powered maintenance software
European factories lose about €500B each year when machines stop without warning, according to The True Cost of Downtime Report 2024 by Siemens. Many mid-sized firms still run maintenance with old systems or manual steps. This is where remberg looks to make a difference.
Founded in 2018 by David Hahn, Julian Borg, Cecil Wöbker, and Hagen Schmidtchen, remberg offers a cloud-based maintenance platform that links with current IT setups and can work alongside any existing maintenance software.
Co-founder David Hahn says, “Europe’s industrial sector needs homegrown solutions. We can’t afford to hand over this software category to the US – especially when it involves the backbone of our economy: manufacturing, industrial assets, and sensitive data. That’s where remberg comes in.”
When equipment fails, a worker scans a QR code on the machine to open an AI chat assistant in remberg. Using the machine’s records and data, the assistant supplies troubleshooting steps so staff can fix the problem faster.
Over 150 industrial firms use remberg to cut machine stoppages and automate maintenance tasks. Users include SCHUNK, Brandt Zwieback-Schokoladen, Liqui Moly, Edding, and Meleghy Automotive.
Bridging the gap: Europe’s home-grown AI maintenance platform
Digital maintenance tools are common in the US, where services such as MaintainX are widely used. Europe has lacked a similar AI-powered option. remberg targets this gap, tailoring its service to European industry requirements such as data protection, local hosting, and mixed levels of digital readiness.
The platform now tracks more than one million assets and looks to become a regional leader in Computerised Maintenance Management Systems (CMMS) and Enterprise Asset Management (EAM) solutions.
Philip Edmondson-Jones, Partner at Oxx, says, “remberg is fast becoming an indispensable system of record for the maintenance departments of Europe’s forward-thinking industrial companies. We’re thrilled to support their team to bring remberg’s market leading AI-capabilities across the continent.”
Julius Lühr, Partner at Acton Capital in Munich, adds, “remberg helps European industry to optimise its operations. In the current geopolitical situation, machine availability and competitive costs are more important than ever – remberg provides the digital infrastructure for this.”
Brief about the lead investors
Oxx partners with European B2B software companies at the scale-up stage, focusing on building scalable go-to-market strategies. The firm supports founders in achieving sustainable and capital-efficient growth, a process it calls Go-To-Market Fit. Founded in 2017 by Richard Anton and Mikael Johnsson, Oxx is based in London and Stockholm and invests across Europe.
Acton Capital is a VC firm with offices in Munich and Vancouver. Since 1999, it has invested in tech-based businesses across Europe and North America. With more than 20 years of experience, the firm has supported over 100 startups, including companies such as Alphasights, Clio, HomeToGo, and Mambu.