London-based 3D printing software developer, Ai Build, has recently secured $8.5 million in a Series A funding round. The funding will be used to accelerate the company’s product roadmap and provide industrial 3D printing customers with increased automation and artificial intelligence (AI) capabilities. Additionally, Ai Build plans to expand into North America with a new US-based subsidiary and continue its growth throughout Europe.
The funding round was led by IQ Capital and saw support from Nikon, a Japanese optics and imaging multinational, as a strategic investor. Existing Ai Build investors, including Superseed, ACT Venture Partners, Atlas Venture (UK), and Seedcamp, also participated in the Series A round.
Ai Build is a Software-as-a-Service (Saas) company that aims to increase the accessibility and automation of additive manufacturing with AI. Its primary offering is its AiSync software, which utilizes AI and machine learning to optimize toolpaths and ensure quality control for industrial additive manufacturing. The cloud-based platform fully automates the additive manufacturing process, from plan to print, improving speed, quality, and scalability.
According to Ai Build CEO and Co-Founder, Daghan Cam, automation and smart use of data are the solutions to the challenges faced by manufacturers in implementing additive manufacturing at an industrial scale. The partnership with Nikon and the support from IQ Capital positions Ai Build to achieve its goal of automating the factories of the future.
This latest investment will allow Ai Build to expand its customer base, including major manufacturing firms such as Boeing and Weir Group. The company also collaborates with 3D printer hardware manufacturers, such as KUKA and CEAD, to test and integrate its software for a growing range of applications.
Early customers have reported significant improvements in their additive manufacturing workflows, with a 65% decrease in failed production attempts and a 90% improvement in overall build efficiency.
The use of AI in additive manufacturing is a growing trend, with companies receiving investments to develop AI-driven software offerings. This investment in Ai Build reflects the industry’s recognition of the importance of automation and AI in advancing additive manufacturing capabilities.
In the world of technology and innovation, funding rounds are a common occurrence. Recently, two companies made headlines with their successful funding rounds, allowing them to further develop their groundbreaking platforms.
First up is Albert Invent, an R&D software developer that specializes in creating digital solutions for the research and development field. With their key software offering, also called Albert, they have successfully raised a whopping $7.5 million in seed funding. This funding round was led by Index Ventures, with contributions from other notable investors such as Homebrew and F-Prime Capital.
Albert, the digital R&D platform developed by Albert Invent, is designed to revolutionize the industry by removing barriers to innovation. One of the biggest obstacles in the R&D field is the disconnected and siloed processes that often hinder progress. Albert aims to solve this problem by incorporating artificial intelligence (AI) and machine learning (ML) into their platform, creating an end-to-end solution for R&D professionals.
With the recent funding, Albert Invent plans to expand their digital portfolio and onboard more chemistry and materials science companies. This strategic move will enable them to further enhance their platform and offer their innovative solutions to a wider range of industries.
In a similar vein, MakerVerse, a Berlin-based industrial parts sourcing platform, has also made significant strides in securing funding. The company recently closed a series A funding round, raising an impressive $10 million. Leading the funding round is venture capital firm 9.5 Ventures.
MakerVerse’s online platform is designed to streamline the additive manufacturing process by combining AI-generated instant quotes with a verified global supply chain. This unique approach allows customers to easily access on-demand 3D printing services and leverage the power of AI in their manufacturing endeavors.
The funding secured by MakerVerse will be used to expand their on-demand 3D printing services and further develop their AI-driven platform. As additive manufacturing continues to gain traction in various industries, MakerVerse aims to position itself as a leading provider of innovative solutions in this field.
It is evident that both Albert Invent and MakerVerse are at the forefront of innovation in their respective industries. The funding rounds they have successfully completed will undoubtedly help them accelerate their growth and bring their groundbreaking platforms to more customers worldwide.
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If you are interested in pursuing a career in the additive manufacturing industry, visit 3D Printing Jobs to explore a variety of available roles and kickstart your career in this exciting field.
Featured in the accompanying image is Ai Build’s Ai Lab in London. This serves as a reminder of the innovative and cutting-edge technologies that are driving the additive manufacturing industry forward. Photo credit goes to 3D Printing Industry, which continues to provide valuable insights into the world of 3D printing.
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