Exone end to end binder jetting service

Oqton Raises $40M for AI-Based Manufacturing in Series A Round

INTAMSYS industrial 3d printing

Share this Article

Belgian-based AI manufacturing software company Oqton raised $40 million today through a round lead by Fortino Capital, PMV, and Sandvik. According to the firm, “several angel investors, including Carl Bass (former CEO Autodesk), Dries Buytaert (Drupal and Acquia), and Peter Mercelis (Layerwise) also participated in the round.” The company will use the money to improve its software especially for verticals such as 3D printing.

“We are keen to have new investors on board who can help us scale globally, with both a direct and indirect sales approach,” CEO, Ben Schrauwen, said. “We truly think the time has come for the manufacturing space to embrace the cloud and we are working hard to facilitate this.”

Oqton has an infuriating name, which I’ll always tend to misspell, but a real A-list group of engineering firms and people connected to it. The company is also defined by a rather big idea. In engineering and manufacturing companies now, a jumble of software mismanages the meandering paths a file may take to turn into a product. We have PLM software that should unify all, MES for manufacturing, CAD for authoring, QMS for quality, and then files are stored somewhere, too.

It’s a bit of a tangled web really and many firms struggle to do this efficiently and cost-effectively. Many different programs also represent risks for users and security. Oqton now wants to replace all of this “engineering middleware” with one solution that can track, optimize, and manage the entire process, including final manufacturing methods. It’s kind of a SAP dream acquisition, or an attempt to do over from scratch the CAD toolchain for the 3D printing age.

What makes Oqton notable is not that it has a grand vision that it hopes to power through an ever-widening circle of ever more gullible VCs. Instead, it is that the company claims to realize actual business benefits and savings on operations right now. That’s what makes it go from cute idea to something that you may want to explore now. With a lot of companies entering additive and setting up processes to be tied to, it is a very opportune time to tell people to switch out the digital tools as well as the physical ones. If the company can make good on its optimization promises, then it may have a very promising future.

But, what exactly does this company do? The name makes it sound like they are a bottom of the bin pharma company name-bought commercially (Ask your doctor about Oqton for instant pain relief for your hemorrhoids). Or it’s the name of a killer robot company made for when the Boston Dynamics robots strike back after years of abuse (Your Tactical Home Security Solution: Oqton).

With Oqton you can automatically generate topology optimized parts according to set rules. AI-driven optimization of these topologies can marry them to best fit the proposed solution. You can create dynamic lattices, classify parts, and automatically generate tool paths. Dynamic nesting can optimize the build that you want to make to be the best in terms of time or cost, as well. The tool also simulates, schedules builds, and monitors them. You can analyze production processes, trace parts, and track inspection reports. Almost everything that you would need to make an optimized 3D printed part is done by one single tool.

“We can already achieve 100% automation in the dental and jewelry verticals, resulting in 30% overall cost reduction,” said Oqton Co-Founder Samir Hanna. “Given the platform strategy, the software can be targeted to many specific industry verticals, like dental, jewelry, medical, industrial and aerospace, as well as to different personas and workflows within those industries.”

I’m very excited by Oqton’s promise. The idea of having one toolchain part, powered by AI to boot, that can automate a large number of tasks typically performed manually would make it a very welcome product for many people. At the moment a significant number of dental, jewelry and hearing aid file checking and positioning is still done by hand while we make millions of parts this way. If we want to move more into production optimization tools such as Oqton will be needed. At the same time, to optimize and align processes using AI, based on much of the  data needed for production, could prove to be very valuable indeed. If it meets its promises, Oqton will be a valuable tool indeed.

Share this Article


Recent News

GE Additive Partnership to Establish BEAMIT Metal 3D Printing Powerhouse

Design for Disruption: 3D Printing Design for Installation



Categories

3D Design

3D Printed Art

3D Printed Food

3D Printed Guns


You May Also Like

Dream 3D Printing Soonicorns: Essentium, ICON & More

As of July 2021, 291 companies achieved the coveted mythical $1 billion status, far surpassing any previous year’s peak, according to financial platform Crunchbase. With 2021 proving to be a...

Massive 3D Printed Park Erected in Shenzen, China

Forget the mutually reinforcing buildup of their respective militaries – the real battle between the United States and China is in the field of 3D printing! You’ve probably heard of...

Featured

3D Printing Innovator’s Roundtable Webinar: Ditching DfAM and Embracing Design Freedom

In an industry where change is constant and unpredictable, professionals across the manufacturing industry have turned to additive manufacturing (AM) to overcome design and supply chain challenges. But conventional AM...

Startup Accelerator, Singapore: Dental 3D Printing, Services, and More

This is the eighth article detailing the 3D printing startup scene in Singapore. Teehee Dental Works Teehee Dental Works is a dental lab and dentist with a difference. Along with...


Shop

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