{"id":4559,"date":"2023-10-17T00:00:00","date_gmt":"2023-10-16T16:00:00","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=4559"},"modified":"2023-10-16T11:12:11","modified_gmt":"2023-10-16T03:12:11","slug":"daily-markup-853-phasio-secures-us2-5m-to-help-local-manufacturers-scale-through-better-customer-relationships-ai-assisted-by-mgpt","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=4559","title":{"rendered":"Daily Markup #853: Phasio secures US$2.5M to help local manufacturers scale through better customer relationships, AI-assisted by mGPT"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/XYqqT2R_8cr63zKGbNXF3Ky_NEaBN9Z0HUWUo_zaNbuEtnLmm7LFnU7caUtKFxoPlO5vdM28tKUSIgnIz_VHn9misZuJ_roT0_R0GDKQo98WU6k4JUdK-uFYq6wNOaXZ1u3jDxTYvv7BB_xFoXOxJHQ\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Photo credit: Phasio<\/figcaption><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Phasing in better workflows<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Did you know that the <a href=\"https:\/\/data.worldbank.org\/indicator\/NV.IND.MANF.ZS\">manufacturing industry powers over 16% of the world&#8217;s GDP<\/a>?&nbsp;<\/li>\n\n\n\n<li>500-backed digital manufacturing platform <a href=\"https:\/\/www.phas.io\/\">Phasio<\/a> is tapping into this potential with their end-to-end manufacturing interface, tailored to address existing friction points between manufacturers and customers.<\/li>\n\n\n\n<li>They are helping local manufacturers manage customer relationships by simplifying the product design and production orders workflow; much of the communication still takes place over WhatsApp, SMS and email, according to the team.<\/li>\n\n\n\n<li>Phasio automates all this by channeling WhatsApp\/SMS\/emails into its manufacturing interface. Its AI chatbot, ManufacturingGPT (mGPT), then asks customers about their requirements, helps them open a design request with the manufacturer, and provides an instant quote using Phasio\u2019s automated pricing system.<\/li>\n\n\n\n<li>The team secured US$2.5M in a seed round led by Airtree Ventures with participation from 500 Global, to scale their engineering team and accelerate its manufacturing interface with feature improvements, including developing mGPT\u2019s AI capabilities.<\/li>\n\n\n\n<li>Their goal is to make maintaining customer relationships easier, freeing up resources so local manufacturers can expand their businesses globally.<\/li>\n\n\n\n<li>\u201cPhasio is here to elevate a new wave of local manufacturers onto the global stage,\u201d said <a href=\"https:\/\/www.theedgesingapore.com\/news\/startups-entrepreneurs-digital-economy\/manufacturing-tech-start-phasio-secures-us25-mil-seed\">CEO &amp; Co-founder Harry Conor Lucas<\/a>. \u201cWe believe that local manufacturing is the lifeblood of product innovation, and by empowering those on-the-ground to do more, we can in fact, grow the manufacturing industry for everyone globally.\u201d<\/li>\n\n\n\n<li>Over 50 local manufacturers in Singapore, Australia, Germany, India, the UK, Greece, and the Netherlands already use Phasio, primarily small- and medium-sized manufacturers in the additive, vacuum casting and molding segments.<\/li>\n\n\n\n<li><a href=\"https:\/\/www.theaustralian.com.au\/subscribe\/news\/1\/?sourceCode=TAWEB_WRE170_a_GGL&amp;dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Ftechnology%2Fmanufacturing-startup-phasio-raises-38m-for-its-google-docslike-collaborative-platform%2Fnews-story%2F3af801acc03e14aff4b811079e281e6d&amp;memtype=anonymous&amp;mode=premium&amp;v21=dynamic-groupa-control-noscore&amp;V21spcbehaviour=append\">Vishal Harnal, Managing Partner at 500 Global<\/a> said, &#8220;Phasio&#8217;s commitment to foster hyper-local and hyper-connected manufacturing holds the potential to catapult not only their customers but the people and economies dependent on these industries.&#8221;<\/li>\n\n\n\n<li>Read the full story on <a href=\"https:\/\/bit.ly\/48VopON\">TechCrunch<\/a>.&nbsp;<\/li>\n\n\n\n<li>View a <a href=\"https:\/\/www.loom.com\/share\/9e78909c16d34b1a8e216b0bef3a156e\">video walkthrough of Phasio\u2019s platform<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Phasing in better workflows<\/p>\n","protected":false},"author":5,"featured_media":4561,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[587],"class_list":["post-4559","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-phasio"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - 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