The first Digital Manufacturing Investor Day was held on June 30th as a free virtual event. Hosted by Dyndrite Corporation, DMID2020 consisted of live and pre-recorded Zoom presentations—as is the growing trend in the face of the viral pandemic restricting large social gatherings. Dyndrite is responsible for a3D geometry kernel used to create additive hardware and software, and the Seattle, Washington company was motivated to begin DMID to further the growing interest and advancements in digital manufacturing.
Companies interested in delivering virtual pitches applied through Dyndrite, with 12 being chosen to participate:
- Aon3D
- Addiguru
- Authentise
- CASTOR
- Essentium
- Exlattice
- First resonance
- Gen3D
- General Lattice
- Impossible Objects
- Truegage
- Voxel8
“This is a truly inspired event by Dyndrite,” said James Taylor, venture partner at HP Tech Ventures, “The digital manufacturing market is advancing at a rapid pace. The lack of shows and in-person events has disrupted the ways we learn about and get to know entrepreneurs in this space. We thank Dyndrite for their initiative, and are excited to be a part of this event.”
Hundreds of virtual visitors included the following:
- Professionals working in applications like aerospace, automotive, medical, and consumer goods
- Key investment advisors like Anna Patterson, managing partner at Gradient Ventures, James Taylor, venture partner at HP Tech Ventures, and Jeremy Fiance, managing partner at The House fund
- Other funding companies such as BMW i Ventures, Converge VC, Cota Capital, DSM Venturing, Gradient Ventures, HP Tech Ventures, Industrifonden, ROI3 Ventures, Tensility Venture Partners, The House Fund, Tyche Partners, Vellum Investment Partners, LLC and over 70 others
“We quickly saw this year that the lack of in-person events and shows could negatively affect those companies in the midst of raising their funding rounds – it had to be addressed,” said Harshil Goel, CEO and founder, Dyndrite.
“It is our mission at Dyndrite to elevate the entire digital manufacturing industry. Now, more than ever, we have to strengthen the companies bringing these new innovations to the market. With the unexpectedly high participation rate for DMID2020, it is clear we are addressing a critical need.”
Each company offered a lightning pitch lasting three to five minutes, with a question and answer session afterward. Dyndrite reports that company, attendee, and investor networking was handled by a private Slack channel.
Interested in watching recorded event replays? Click here.
[Source / Image: Dyndrite]