SPARETECH Secures $20M Series B to Slash Spare-Part Inventories with AI-Driven Availability

SPARETECH, the S&P-leaning name in enterprise AI for spare parts management, today announced a $20 million Series B round led by Blume Equity and Insight Partners, with participation from Headline.Geographic. The capital will accelerate SPARETECH’s mission to reduce manufacturers’ spare parts inventories by up to 60% within three years, without compromising uptime. Since the start of 2024, SPARETECH has expanded its footprint in the U.S. market, driving a fivefold increase in revenue and growing its verified spare parts catalog to more than 40 million entries. The company has broadened its network to 15,000 manufacturer and supplier partners. A notable milestone was the global Nestlé rollout, which brought 320 plants across 70 countries live in under a year, underscoring SPARETECH’s capacity to scale enterprise-grade operations quickly. CEO and co-founder Martin Weber framed the ambition: every customer wants the production line running with less inventory on the shelves. The company’s three-year goal is to cut spare parts inventory by 60% while maintaining the same uptime.

SPARETECH’s approach centers on transforming spare parts management from a data problem into a concrete, actionable outcome—ensuring the right part is available when needed, even if it sits on another company’s shelf. “Idle parts are cash misallocated,” said Weber. “We’re building AI that guarantees part availability and reintroduces idle parts into circulation so capital can be redeployed toward growth.” COO and co-founder Dr. Lukas Biedermann added that the company’s strategy has moved beyond insights and recommendations toward measurable outcomes: lower inventory without sacrificing uptime. To meet the 60% target, SPARETECH is extending its AI’s reach across networks to verify availability in real time and across partners’ inventories. Why spare parts sit on shelves remains a core challenge. A single stockout can halt a line, prompting plants to hoard inventories that tie up capital.

SPARETECH’s 2026 benchmark report highlights the economic scale of the issue, noting an average spare parts inventory value of about $169 million per company. The company’s software standardizes materials data, increases visibility, and enables sourcing and resale within a global network—moving the industry toward a zero-waste industrial sharing economy. The investment will fund ongoing AI development to secure part availability at scale, deepen North American presence, and extend expansion into new regions. SPARETECH also plans to deepen collaborations with existing customers, leveraging its verified original manufacturer data to streamline material master records and right-size inventories across plants. Industry voices recognize the opportunity. Siemens Energy and Daimler Truck chair Joe Kaeser lauded SPARETECH’s potential to reduce idle inventory and unlock measurable returns while reducing waste. Blume Equity’s Michelle Capiod highlighted the value of reclaiming idle parts and delivering tangible ROI, noting SPARETECH’s potential to scale with large plant networks in North America. Headline’s Christian Miele pointed to Germany’s industrial heft and the practical payoff of industrial AI for global manufacturers. In addition to bolstering the product, the round will support North American market acceleration—an area executives see as pivotal for SPARETECH’s next growth wave. Insight Partners’ Brad Fiedler noted the fund’s long-standing track record in helping software firms scale in the U.S., and the team’s enthusiasm for supporting SPARETECH’s geographic and customer expansion. The company’s customer roster includes Nestlé, Porsche, VW, Bosch, and Sanofi.

SPARETECH provides enterprise AI software that helps global manufacturers reduce spare parts spend and inventory. Grounded in verified OEM data, the platform standardizes material master data, right-sizes inventory across plants, and enables sustainable sourcing and surplus resale across its network. The company aims to empower maintenance and procurement teams to know what they have, get what they need, and sell what they don’t. About Blume Equity Blume Equity is a European growth firm focused on technology that enables cleaner energy, smarter industry, and more climate-resilient economies, helping founders scale with a long-term value lens. About Insight Partners Insight Partners is a global software and AI investor with over $90 billion in assets under management as of mid-2026. The firm backs high-growth technology companies and provides hands-on support from growth to IPO.

About Headline Headline is a venture-capital firm investing in technology teams with global ambitions, managing more than $5 billion in assets and operating across multiple regions with ongoing growth funds. For more information, visit sparetech.io.