Assembly Line

AG5 raises €6 million from Headline, Peak to save the manufacturing industry from Excel

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: AG5, Peak

AG5, the SaaS platform used to map and track employees’ skills and qualifications, has raised €6 million in a new round of investment. Last year, the company received €1.2 million from tech investor Peak. Since then, AG5 has grown exponentially, and its annual revenue has tripled. Now, together with SaaS experts Headline and Acadian Ventures, Peak is investing in AG5 once more.

AG5’s SaaS solution offers the first interface organizations can use to map and track employees’ skills that is directly linked to production lines. It delivers scalable capacity planning and insights for audits and training programs to industries that still rely on Excel, or pen and paper. AG5’s plug-and-play software solution simplifies skills management with intuitive, appealing, and sharable skill matrices. AG5’s clients report an 80% reduction in audit preparation times and 15% savings on employee training budgets.

Read more at AG5 Blog