SaaS startup Akeno wants to challenge SAP and gets millions for it – with this pitch deck
The Hamburg-based software-as-a-service (SaaS) startup Akeno has raised €4.5 million in a seed financing round. The investors are three German VCs: Cusp Capital, TS Ventures, and Another.vc.
Founded in 2021, the company has developed AI-based production planning software that analyzes real-time data from ongoing manufacturing processes and automatically adjusts plans. The software is primarily aimed at companies in the chemical, pharmaceutical, and food industries.
Akeno's software continuously collects data from ongoing production—such as machine status, material availability, and capacity utilization. From this, the software calculates the most likely process sequences and automatically adjusts production plans when deviations occur.
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According to companies, traditional production plans often lose 75 percent of their validity within three days because they do not respond flexibly to changes.
The company positions itself as a provider of a "worldwide unique" solution for adaptive, real-time production planning. The software is designed to solve problems that cannot be optimally addressed with conventional tools such as Excel spreadsheets or traditional APS systems, such as those from software giant SAP .
According to the company, Akeno's customers include well-known industrial companies such as BASF Coatings, the Beckers Group and Sun Chemical.
The company is already active in China and plans to use the fresh capital to expand into other international markets, including North America and other Asian countries. It also plans to triple its team size.
Akeno was founded by Alexander Ebbrecht, Dmitrij Direktor, and Steffen Ramm. The company's software promises higher asset utilization, reduced inventories, and improved delivery reliability for customers.
You can find more pitch decks on our pitch deck overview , and you can get expert feedback for your own slides here .
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