Fortify Closes $10M Series A Funding Led by Accel

Share this Article

Fortify, known for their next-generation composites and Digital Composite Technology (DCM), has just completed a $10M Series A funding led by Accel. The Boston-headquartered additive manufacturing startup also received funding from Neotribe, Prelude Ventures, and Mainspring Capital Partners. Following a previous seed round this year also, yielding $2.5M, this latest funding will support the Fortify’s Discovery Partner Program and further growth of the Fortify team as they continue to create technology to be used in applications like aerospace, manufacturing, and automotive—with end-use parts in electrical connectors, impellers, mixers, and specialty drones.

Fortify is known for their use of magnetics (Fluxprint technology) and digital light processing 3D printing, allowing them to fabricate parts made with composites, therefore imbued with high-performance mechanical properties. Composite research was performed at Northeastern University by Dr. Randall Erb and Dr. Joshua Martin. The company has already seen huge growth this year, with its staff doubling, and new office space required for its overall expansion.

“Now more than ever before, it’s vital that the U.S. economy has a strong manufacturing ecosystem,” said Eric Wolford, venture partner at Accel. “Fortify is uniquely positioned to help lead the resurgence of American manufacturing by using tech to produce best-in-class parts for the digital age. We’re thrilled to support the entire Fortify team as they continue to set a new standard in manufacturing.”

Fluxprint

The Discovery Partner Program gives a select number of Fortify customers earlier access to DCM. Currently, Fortify has noted ‘dramatic improvements’ for users 3D printing with the DCM platform. Fortify says that users also report up 10-100x in improvements, when comparing to 3D prints of other types. Molds are being supplied for customers right now, with beta machines going out in early 2020. Their new Fortify Fiber Platform has just been rolled out also, as the company continues to work with companies like DSM and BASF.

“Material properties are the dominant factor driving adoption of Additive Manufacturing across industries,” said Ben Arnold, Fortify VP of Business Development. “Our open materials platform leverages the world’s leading polymer chemists as they continually innovate. We reinforce these base resin with fiber as we print to gain significantly higher levels of performance. It’s quite exciting that even in this early stage of the company, we have customers buying parts for use in production applications.”

“We’ve achieved so much since our founding, and we’re eager to expand on our platform capabilities,” said Josh Martin, CEO and founder of Fortify. “With the support of our investors, we will focus on innovation, bring our technology to new partners, and grow our product offerings.”

Notable new hires include industry veteran Ben Arnold as VP Business Development, most recently of Desktop Metal and Dave Colucci, formerly of Soft Robotics, as their new Embedded Systems Lead Engineer.

Researchers around the world are involved in the realm of 3D printing materials, from biomaterials to self-healing capsules, and even soft materials for robotics. What do you think of this news? Let us know your thoughts! Join the discussion of this and other 3D printing topics at 3DPrintBoard.com.

Digital composite manufacturing

[Source / Images: Fortify]

Share this Article


Recent News

UK Heart Patient Undergoes Rare Surgery for 3D Printed Titanium Sternum

Interview with Edi Weigh of 3D Printing Service FacFox



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Sponsored

The Do’s and Don’ts of Additive Manufacturing

The best-use cases for 3D printing aren’t always obvious. When designing an object for additive manufacturing, it’s important to keep the limits and benefits of the process in mind. These...

Sponsored

5 Professional Finishing Options for FDM Parts

Despite the advances of other technologies, Fused Deposition Modeling (FDM) remains the go-to 3D printing process for prototypes and simple plastic parts. It’s fast, it’s cheap, and there are thousands...

Sponsored

The Advantages of 3D Printing

In recent years, 3D printers have taken the manufacturing industry by storm. From automobiles to computer parts, products made by 3D printers have undoubtedly played a big role in the...

3D Printing Being Combined with Soldering to Create High-Performance Zeolites

Researchers in China are exploring the use of minerals called zeolites, hoping to harness ‘desirable configurations’ via 3D printing and soldering, which is further outlined in ‘Fabricating Mechanically Robust Binder-Free...


Shop

View our broad assortment of in house and third party products.


Print Services

Subscribe To Our Newsletter

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our 3DPrint.com.

You have Successfully Subscribed!