Tacto

Munich-based Tacto builds an AI operating system for procurement, aimed at the industrial small and mid-sized manufacturers that form the backbone of Germany's economy.

It helps these firms automate purchasing, manage suppliers, assess risk and meet supply-chain regulations. Backed early by Sequoia and Index Ventures, it serves hundreds of industrial customers.

It tackles a deeply unsexy but enormous problem: modernizing procurement for companies still running on spreadsheets and email.