Aucto is a technology company.
Aucto has raised $4.0M across 1 funding round.
Aucto has raised $4.0M in total across 1 funding round.
Aucto has raised $4.0M in total across 1 funding round.
Aucto's investors include Chesterfield Fund, Cupule Ventures, MaC Venture Capital, NFX, Operator Ventures, Streamlined Ventures, Alex Pattis, Brad Bao, Sahin Boydas, Sina Afra, Yagiz Sozmen.
Aucto is a SaaS-enabled marketplace and platform that transforms the fragmented $300B-$400B surplus industrial asset market by enabling businesses to manage, value, and resell pre-owned industrial machinery, equipment, and materials through online auctions and tenders.[1][2][3][4] Its core product, ORCA, helps large enterprises like GM, Boeing, and BP track assets and seamlessly connect to the marketplace for efficient buying and selling, serving manufacturing, energy, and aerospace sectors while promoting a circular economy by reducing waste and keeping assets in use.[1][2][3][5] With 22 employees, $7 million in 2025 revenue, and buyers across 70+ countries, Aucto demonstrates strong growth momentum, onboarding Fortune 500 customers amid economic pressures like supply chain delays and net-zero goals.[3]
Aucto was founded in 2019 by Jamil Rahman (CEO) and Lucas Flossi, who brought decades of experience in industrial asset sales and marketplaces.[1][3] The idea emerged from their expertise in addressing inefficiencies in surplus asset disposal, leading to a platform that simplifies resale for enterprises.[1][4] Early traction included investments from Motivate Venture Capital in 2021, a mobile app launch in 2021 for easier seller access, and expansion into heavy and mobile equipment in 2020.[1][4] Pivotal moments feature winning the ISG Startup Challenge for its SaaS solution in smart manufacturing, validating its role in asset recovery.[2]
Aucto rides the industrial circular economy trend, capitalizing on supply chain disruptions, shipping delays, and sustainability mandates like net-zero goals that push enterprises toward asset recovery over scrapping.[1][3][5] Timing is ideal amid post-pandemic manufacturing reshoring and ESG pressures, where economic savings from resale outweigh new equipment costs in a $300B-$400B fragmented market.[1][2][3] Market forces favoring Aucto include rising demand for pre-owned machinery in energy/aerospace/manufacturing, global buyer networks, and tech-driven transparency that outpaces traditional liquidation.[2][4] It influences the ecosystem by powering waste reduction for giants like Boeing/BP, fostering B2B marketplaces, and inspiring competitors like MachineryScanner or Equippo in heavy equipment resale.[2][5]
Aucto is poised for accelerated scaling as industrial digitization and sustainability accelerate, potentially expanding ORCA into predictive analytics for asset lifecycle management and deeper AI-driven valuations. Trends like AI-optimized supply chains, regulatory green incentives, and global manufacturing recovery will propel its marketplace to dominate surplus asset flows. Its influence may evolve from niche disruptor to essential infrastructure, empowering more enterprises to monetize idled assets—building on its SaaS foundation that already transforms a $400B market's waste into value.[3][5]
Aucto has raised $4.0M across 1 funding round. Most recently, it raised $4.0M Seed in March 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2021 | $4.0M Seed | Chesterfield Fund, Cupule Ventures, MaC Venture Capital, NFX, Operator Ventures, Streamlined Ventures, Alex Pattis, Brad Bao, Sahin Boydas, Sina Afra, Yagiz Sozmen |