Tvarit has secured funding led by Momenta and Futury Capital to advance its AI-driven solutions for waste-free and energy-efficient metal manufacturing.

Target Information

Tvarit, a Frankfurt-based startup founded in 2019 by Suhas Patel and Rahul Prajapat, specializes in AI-powered solutions for waste-free and energy-efficient metal manufacturing. With a mission to revolutionize the metals industry, Tvarit employs hybrid AI technology that merges extensive domain knowledge in metal processing with advanced data-driven insights. This approach aims to help manufacturers optimize their processes, which are notoriously wasteful, with estimates indicating that the metals sector incurs an annual loss of €160 billion due to inefficiencies.

The company offers solutions focused on various metal manufacturing processes, such as casting, hot forming, and welding. Tvarit's groundbreaking AI system can reduce manufacturing quality defects by up to 50% and lower energy costs by as much as 30%. Given that profit margins in the metal industry typically hover around 5-8%, these improvements can significantly boost profitability while also helping to minimize environmental impact.

Industry Overview

The metals manufacturing industry is a critical sector within the European economy, facing escalating pressures to transition toward sustainable practices. The World Economic Forum highlights that industrial waste accounts for half of the total wast