Cato raises €6m to sell AI into Italy’s €309.7bn tender market

Cato raised €6 million in seed funding to sell AI tools that help Italian companies navigate public tenders, targeting a €309.7 bn market with 287,421 contracts. The platform tracks over 27,000 tender sources and focuses on high-growth sectors such as pharmaceuticals and medical equipment, where its clients include MOVI, Kaster Medical Technology, and Favero Health Projects. The company maintains ISO 27001 certification and keeps all customer data within the client’s own submissions.