Startup focused on industry 4.0 for packaging producers is already in 6 countries and continues international expansion, now supported by an American holding company specialized in the industry segment
PackIOT has just won a reinforcement to keep following its path on global digital transformation in the manufacturing sector. The Portuguese-Brazilian startup, which already counts with clients in Switzerland, United States, Canada, Hungary, Portugal, and Brazil, recently received support from the American investment holding GSS, which already has in its portfolio two big companies of the industrial sector (Dennis Group and Genesis AEC). This move represents their first bet on a technology company of the same business segment. The main objective of the investment is to expand PackIOT internationally by hiring new talents in business and technology.
“Having by our side a partner like GSS is something very significant and means that we are on the right track. GSS and its partners are specialists in the industry, the biggest of the American market in their segments, are known internationally, and deal with high impact projects in solid markets. It is the type of partnership that ennobles a startup and that makes us more mature to keep on following our path towards a global scenario, actively helping packaging manufacturers to achieve more efficiency”, says Cristiano Wuerzius, PackIOT’s CEO.
“We have great expertise in the industry, mainly in engineering and project management. And to us, it makes a lot of sense to go towards technology. According to our research and from what we observe across the globe, we can predict a great future for IoT, related to the digital transformation of the factories. We value initiatives that solve real problems, which are long-term focused, and that makes it relevant to us to be next to PackIOT. We regard great potential synergies among our investments in geographical, commercial, and know-how terms”, analyses João Pavel, CEO of GSS. As a minority investment, PackIOT’s shareholders maintain control of the company and intend to use the capital to grow faster and better serve their clients.
In Practice: Sustainability, Cost Reduction, And Direct Financial Impact
In this type of production, industries work always on-demand and do not generate stock. That scenario creates even a bigger necessity for avoiding waste and leveraging operational efficiency, as the developments act directly on the financial metrics of the companies.
The use cases are a great example that generates a considerable cost reduction for clients. A factory in Europe, for example, saved $12k per month thanks to scrap reduction due to better usage of the investment in retrofit with Brasilian systems. The implementation process takes only 2 days, which is something that catches the attention of the industry, as it is accustomed to long assessment, consulting, and customization processes that can last up to two years.
“Our client had a defined half-year budget for machine maintenance and improvement. Before having PackIOT running on their lines, the decision of where they would invest that money was made in a confusing meeting, with shift leaders and supervisors with opposite points of view. Each of them tried to sustain their ideas and the selection criteria were subjective. By implementing PackIOT (focusing on scrap) it was easier to focus on the machine that produced the most scrap. That way, there was a better use of the investments that made them reduce the scrap of that machine in 30%.”, remembers Cristiano.
Through SaaS (Software as a Service), IoT and Data Science, PackIOT helps small and medium-sized enterprises of the manufacturing industry to leverage their efficiency and increase sustainability results by understanding better what is happening in their factories, at any time, anywhere, with a low cost and low complexity as well. With a simple and user-friendly dashboard, PackIOT allows clients to easily understand which lines or machines are responsible for the high impact downtime periods and for the biggest amounts of scrap, among other production KPIs. In a competitive and demanding world, the factory is capable of taking a more sustainable business strategy.
For more information go to www.packiot.com