Katana, an enterprise useful resource planning (ERP) platform for the manufacturing trade, has raised $11 million in a collection A spherical of funding led by Atomico.
The worldwide ERP market was pegged as a $43 billion trade in 2020, in accordance with some estimates, a determine that would rise to $60 billion inside 5 years. ERP software program incorporates a collection of built-in purposes that organizations use to handle processes throughout a enterprise, spanning accounting, HR, stock and order administration, buyer relationship administration (CRM), and extra. For producers particularly, ERP software program can bridge all these numerous elements, assist them determine bottlenecks, and in the end enhance their effectivity.
Based out of Tallinn, Estonia, in 2017, Katana touts itself because the “manufacturing entrepreneur’s secret weapon,” one that’s searching for to energy native manufacturing for smaller companies. Certainly, there was a rising micro-manufacturing pattern over the previous decade, the place smaller native producers are promoting direct-to-consumer (D2C) thanks partially to the proliferation of ecommerce instruments and cloud computing. And that is the market that Katana is searching for to serve with a plug-and-play ERP platform that integrates with instruments and marketplaces akin to Shopify, Amazon, eBay, Magento, WooCommerce, Xero, and QuickBooks to enhance productiveness and materials stock management.
“We’re seeing a worldwide renaissance of small manufacturing pushed by the rise of ecommerce instruments and client demand for bespoke merchandise produced regionally,” Katana CEO and cofounder Kristjan Vilosius informed VentureBeat. “Simply stroll round any massive metropolis from London to San Francisco, and also you’ll see workshops throughout you. This can be a large increase of makers eager to create merchandise and promote them globally, and it’s not a pattern that can disappear tomorrow.”
For instance, if an organization sells merchandise via an Amazon retailer, the corporate can plug Katana instantly into Amazon and observe all of the orders that come via and instantly floor whether or not the product is accessible or, if not, whether or not the uncooked supplies are in inventory and thus estimate how lengthy the product may take to complete.
Certainly, Katana’s automated reserving engine tracks stock, make computerized stock changes, and allocates supplies to orders as quickly as they’re generated. If the order precedence modifications, Katana will redistribute the stock to match the brand new manufacturing schedule.
“We deal with the complete course of, from getting the uncooked supplies within the warehouse to planning manufacturing actions and execution when the product is completed,” Vilosius defined.
Whereas there are many instruments to assist producers handle their workflows, issues rapidly get advanced as you add extra third-party instruments to the combo, significantly when present instruments might contain numerous spreadsheets or legacy purposes with questionable consumer friendliness or tough setup processes. Katana is designed to work on any machine, which is especially helpful for store flooring the place cellphones make extra sense than laptops, and is solely self-serve. Furthermore, whereas it ships with myriad integrations out of the field, Katana additionally presents an open API for producers to develop their very own integrations on prime of the Katana platform.
“Implementation is so easy that greater than half of Katana’s customers self-onboard,” Vilosius stated. “It takes lower than per week on common to get Katana up and operating, in comparison with months for opponents.”
Amongst Katana’s options are manufacturing planning instruments, together with drag-and-drop prioritization for manufacturing duties; supplies availability monitoring; delay danger identification; real-time stock management and optimization; gross sales order success; and store flooring management for workshop customers.
Elsewhere, Katana additionally presents producers real-time knowledge on the complete manufacturing workflow, spanning gross sales orders, accomplished merchandise, stock, materials buying necessities, and extra — all offered in a single view.
Before now, Katana had raised round $5.5 million, and with one other $11 million within the financial institution, the corporate is well-financed to develop its workforce double down on product growth.
A typical Katana buyer could have wherever from $100,000 to $100 million in income, and spans something from natural cosmetics and electronics to surfboards and meals & drink.
“These companies are led by manufacturing entrepreneurs dedicated to sustainability and supporting native manufacturing,” Vilosius stated. “These people embrace expertise. A lot of them have turned a spot out there, or a ache level they’ve personally skilled, right into a model new product and a rising enterprise.”
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