MARK-PILOT, a leading provider of SaaS solutions for market-based spare parts pricing in the manufacturing sector, has secured a substantial Series A funding round led by global software investor Insight Partners and existing investor Capnamic. The funds will support the company’s expansion in the US and strengthen its position as a global player in the manufacturing market.
Since its inception in 2020, MARK-PILOT has revolutionized the manufacturing industry with its innovative PRICERADAR solution, which provides manufacturers with real-time market data on spare parts prices and delivery times. This empowers manufacturers to make data-driven decisions and optimize their pricing strategies to maximize revenue and customer satisfaction.
In 2023, MARK-PILOT launched its second product, PRICEGUIDE, which offers optimized and validated price recommendations for manufacturers’ spare parts portfolios. This solution further enhances manufacturers’ ability to price their spare parts competitively and increase their sales revenue.
The Series A funding will enable MARK-PILOT to expand its operations in the US, a key growth market for the company. Additionally, the funds will be invested in the further development of its products and AI capabilities to provide even more value to its customers.
MARK-PILOT has a deep understanding of the manufacturing industry, with its CEO, Timo Morbe, having extensive experience in the sector. The company’s focus on dynamic pricing and customer-centricity has resonated with manufacturers, with over 100 customers already using its solutions and experiencing an average increase of over 20% in spare parts sales.
The successful Series A funding round is a testament to MARK-PILOT’s strong execution, innovative products, and the significant impact it is making in the manufacturing industry. With the support of Insight Partners, a leading global software investor, MARK-PILOT is well-positioned to continue its growth trajectory and further revolutionize the way manufacturers price their spare parts.
