Plato, a Berlin-based AI platform, has secured $6.5 million in pre-seed funding to transform the wholesale distribution industry. By integrating AI with ERP systems, Plato aims to modernize outdated processes, enabling companies to scale operations efficiently and adapt to today’s economic challenges.
- Funding: Raised $6.5 million in pre-seed funding led by Cherry Ventures, with additional backing from the German government and top executives from Microsoft, SAP, NVIDIA, and more.
- Mission: Founded by Benedikt Nolte, Matthias Heinrich, and Oliver Birch, Plato was initially created to save Nolte’s family wholesale business from closure due to competition and outdated ERP systems.
- AI-Powered Platform: Automates routine tasks like quote and order creation, allowing sales teams to focus more on growth.
- Investor Insight: Cherry Ventures partner Jasper Masemann sees Plato as a critical tool for modernizing wholesale, describing it as uniquely positioned to empower the industry with AI capabilities.
Plato is expanding its team and scaling its platform across multiple large wholesale clients.
