Intropy, an AI startup developing autonomous decision-making software for spare parts businesses, has raised $11 million in seed funding to accelerate product development and expand internationally. The round was led by Felix Capital, with participation from Quiet Capital, General Catalyst and firstminute capital.
AI for the spare parts industry
Founded in 2024, Intropy helps distributors, manufacturers and recyclers automate inventory management, pricing and other operational decisions. The platform integrates with existing ERP systems, combining structured and unstructured data to continuously optimize stock levels, pricing and obsolete inventory without relying on manual analysis or legacy software.
Since launch, the platform has processed more than $10 billion in spare parts demand, with customers reporting returns on investment exceeding 10x.
Expansion plans
The new funding will support product development, growth of engineering and machine learning teams, the opening of a New York office, and continued expansion across the US and Europe.
Franziska Kirschner, Co-founder and CEO of Intropy, said: “The physical economy is sustained not only by what we build, but by our ability to keep it working. Spare parts make that possible, yet many of the industry's most important decisions still rely on fragmented systems and manual work. We are not interested in adding another dashboard on top of that complexity. We are building an AI-native operating system that can make and execute decisions autonomously, at scale and speed. The future is here, and we are ready to serve an industry that technology has overlooked for far too long.”
YihKai Teh, Co-founder and CTO of Intropy, added: “Every machine made from multiple components will eventually need spare parts, whether it is a car on the road today, an autonomous vehicle of tomorrow or a robot supporting humanity on Mars. We're building the intelligence layer that understands the extraordinary complexity of spare parts: what fits, how it performs and when it is needed, so parts businesses can make better decisions. Our goal is to make that complexity invisible, with intelligence working quietly in the background. The best user experience is when the user needs to do nothing at all.”
Fabian Burnett Small, Investor at Felix Capital, said: “Every product is designed with components, or spare parts, yet the systems managing those parts remain remarkably manual and fragmented. At Felix, we believe AI will fundamentally transform product design, and how the physical economy operates. Intropy is building the intelligence layer that can make supply chains faster, smarter and significantly more efficient — ultimately bringing a better product faster in the hands of the end user. We were immediately impressed by Fran and YihKai's technical depth, domain expertise and ambition, and are excited to support them in building a new intelligence layer for the physical world.”