Munich-based ClearOps has secured €8.6 million in its first institutional funding round, a Series A led by Hitachi Ventures with participation from Schoeller Group and Barkawi Group. The company, founded in 2020, uses its AI-powered after-sales platform to connect OEMs, dealers, and machines, reportedly increasing parts availability by up to 40% and parts sales by 5-15% for clients like AGCO and Terex. These funds will be used to further develop its AI operating system for industrial after-sales and expand its market reach.
Amount: $8.6M
