Tset develops software that automates product cost and CO2 emission calculations using data-driven algorithms and industry expertise, significantly enhancing efficiency in cost engineering. The platform enables manufacturers to achieve up to 15% efficiency gains and tenfold faster cost assessments, addressing the challenges of sustainability and cost management throughout the product life cycle.
Funding
$27.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Manufacturers face increasing pressure to reduce both product costs and CO2 emissions throughout the product lifecycle, but traditional cost engineering processes are often time-consuming and lack the data-driven insights needed for effective decision-making. This makes it difficult to optimize designs, sourcing, and production methods for both economic and environmental sustainability.
Solution
Tset provides a software platform that automates product cost and CO2 emission calculations, enabling manufacturers to streamline cost engineering and sustainability efforts. By combining data-driven algorithms with industry expertise, Tset allows for rapid bottom-up calculations and simulations, providing detailed insights into cost drivers and carbon footprints. The platform supports various use cases, including target costing, design-to-cost, and sourcing optimization, empowering users to make data-driven decisions that improve efficiency and reduce environmental impact. Tset integrates with existing systems through standardized APIs and offers a comprehensive library of industry benchmark data, facilitating seamless data management and collaboration across departments.
Target Audience
Tset primarily targets cost engineers, purchasers, and product development teams within manufacturing companies, particularly in the automotive industry, who need to optimize product costs and reduce CO2 emissions.
Features
- Automated cost and carbon footprint simulation powered by advanced algorithms
- Comprehensive industry benchmark data library with over 1,000 templates
- Standardized APIs for integration with existing data management systems (SAP, Microsoft DevOps)
- Parametric calculation based on component parameters (weight, length, width, height)
- 3D model upload function for automated calculation based on 3D-models
- Detailed breakdown of CO2 emissions by raw material, process, and electricity consumption
- User-editable calculations and results for customization to individual needs
- Role-based access control