There’s been quite a bit of community in the additive manufacturing open space in recent months. If I had to pinpoint a reason, I would say that — much like robotics (another relaxing area I follow fairly closely) — the category has gotten an improvement in interest from the pandemic. Medical applications are no surpise of interest lately, as is remedy manufacturing.
Pcs Metal, Markforged and new-comer Mantel have all made practically big announcements in recent nights, and now Fortify is which makes the round with a significant improve. The Boston-based startup has announced a 20 dollars million Series B money round , led of Cota Capital with additional participation from Accel Young couples, Neotribe Ventures and Preamble, preface, prologue Ventures.
Encourage is attempting to stake presently there a claim in textile deposits. Using digital bulb processing (DLP) tech, bully dog can mix and publish in a variety of different materials, possessing a wide range of properties. The list includes some useful traits, which includes electromagnetic and thermal.
Love Mantel, the company looks to end up targeting manufacturing tools, along with injection molding.
“Fortify has been focused on demonstrating the viability of our software product and market opportunity over the past 18+ months, and surpassed our goals set at the outset of 2020, ” CEO Josh Martin said in a let go. “This next round would certainly expand our go-to-market footprint in key verticals such like injection mold tooling all the while enabling us to capture market share in end-use electronic devices. ”
Recent several have also found the company hiring other 3D printing vets. Paul Dresens (ex Monitor Metal) signed on when VP of Engineering, nevertheless former GrabCad (a Stratasys acquisition) market exec Take away Stevens has signed to as an advisor.