Tset

About Tset

Tset, legally Tsetinis Software GmbH, provides a specialized enterprise cloud solution focused on optimizing product cost and carbon footprints for the manufacturing industry. Founded in 2018 by Andreas Tsetinis and Sasan Hashemi, the company is headquartered in Kuchl, Austria, with an additional office in Vienna. The founding mission was to deliver faster and more reliable cost structures to the automotive sector, a response to increasing product complexity and shortening development cycles. Andreas Tsetinis brought extensive experience from the manufacturing and consulting sectors, including a long tenure at Bosch and as CEO of Tsetinis Consulting, a firm focused on product cost optimization. Sasan Hashemi serves as the company's CEO.

The firm operates on a Software as a Service (SaaS) business model, offering its cloud-based platform to clients, which eliminates internal IT costs for customers. This model provides flexibility and scalability for users. Tset targets a range of manufacturing sectors, including automotive, machinery and industrial equipment, electronics, high-tech, aerospace, and household appliances. Its client roster includes prominent global Original Equipment Manufacturers (OEMs) and suppliers like the BMW Group, AGCO, Brose, Lego, and ZF Friedrichshafen.

Tset's core offering is a software platform that integrates product cost and CO2 emissions calculations into a single, streamlined process. This dual-focus allows businesses to manage profitability and sustainability objectives simultaneously throughout the entire product lifecycle, from early design to series production. The platform employs data-driven algorithms, 2D and 3D data extraction, and machine learning models to automate and accelerate bottom-up cost calculations, claiming to be ten times faster than traditional methods. Key features include a library of over 1,000 industry benchmark templates, automated calculation workflows, and standardized APIs for integration with existing client systems like ERP and PLM. The software provides actionable insights for various business functions: cost engineers can automate analyses, procurement teams gain data for supplier negotiations, sales teams can set competitive pricing, and R&D teams can evaluate the cost and carbon impact of design choices.