Tacto

Tacto is a Munich-based artificial intelligence company founded in 2020, specializing in a Procurement Intelligence Platform tailored for mid-sized industrial enterprises.

The company operates as an AI-based operating system that transforms procurement into a strategic decision-making process. Tacto has raised approximately $59.81 million to $61.11 million in funding, including a significant $50 million Series B round in December 2023 from notable investors like Sequoia Capital and Index Ventures. The core product, a cloud-based SaaS platform, integrates internal ERP data with external market intelligence to provide actionable insights for procurement. Key features include automated workflows, risk and savings detection, and a transparent dashboard for real-time visibility into procurement activities. Tacto's proprietary AI engine, Tacto Intelligence, enhances the platform by converting complex data into strategic insights, enabling organizations to optimize their supply chains while ensuring compliance and sustainability. Tacto aims to empower mid-sized industrial firms to navigate the complexities of modern supply chains effectively.