TVARIT, a specialized Deep Tech company based in Frankfurt, Germany, has raised $5.5 million in funding from investors including Momenta, Matterwave Ventures, and Futury Capital. TVARIT focuses on providing advanced TVARIT Industrial AI (TiA) Technology to the manufacturing industry, particularly in the foundries and metalworking sectors. The company's mission is to enable sustainable, zero-waste manufacturing by minimizing energy losses, reducing waste, and maximizing machine and equipment availability.

Using unique patented technologies like "Hybrid AI" and "Transfer learning," TVARIT guarantees first results within 2-3 months, with an average reduction of 30% in scrap and 20% in energy consumption, resulting in a return on investment (ROI) in under 6 months.

TiA by TVARIT combats the knowledge drain at foundries and metal companies by conserving and continuously increasing expert knowledge, making the platform smarter and more accurate over time. This empowers operators to make optimal recipe adjustments in real time, ensuring defect-free and non-disruptive production.

TVARIT has already worked with renowned manufacturing companies in the metal industry, including Aditya Birla, Kamax, Schunk Group, and Maxion Wheels.

With proven results from over 55 industrial projects in reducing scrap, increasing machine availability and productivity, as well as reducing CO2 emissions, TVARIT has been recognized as the Best AI Company in Europe in the "Best Smart Factory Startup in Europe" track by the European Data Incubator (EDI) in 2020.

For more information on TVARIT and its latest funding round, visit us at https://founderlodge.com/round/TVARIT-raises-5493000-Unknown-2023-04-17-Suhas-Patel-MTIyMjY