There’s been fairly a little bit of motion within the additive manufacturing house in latest months. If I needed to pinpoint a purpose, I’d say that — very similar to robotics (one other house I observe pretty carefully) — the class has gotten a lift in curiosity from the pandemic. Medical functions are understandably of curiosity these days, as is different manufacturing.
Desktop Steel, Markforged and new-comer Mantel have all made fairly huge bulletins in latest weeks, and now Fortify is making the spherical with a major elevate. The Boston-based startup introduced a $20 million Series B equity round, led by Cota Capital with extra participation from Accel Companions, Neotribe Ventures and Prelude Ventures.
Fortify is making an attempt to stake out a declare in materials deposits. Utilizing digital gentle processing (DLP) tech, the corporate can combine and print in quite a lot of totally different supplies, with a variety of properties. The listing consists of some helpful traits, together with electromagnetic and thermal.
Like Mantel, the corporate seems to be concentrating on manufacturing instruments, together with injection molding.
“Fortify has been targeted on proving the viability of our product and market alternative over the previous 18+ months, and exceeded our objectives set initially of 2020,” CEO Josh Martin stated in a launch. “This subsequent spherical will broaden our go-to-market footprint in key verticals equivalent to injection mould tooling whereas enabling us to seize market share in end-use digital gadgets.”
Latest months have additionally discovered the corporate enlisting different 3D printing vets. Paul Dresens (ex Desktop Steel) signed on as VP of Engineering, whereas former GrabCad (a Stratasys acquisition) market exec Rob Stevens has signed on as an advisor.