London-based software as a service (SaaS) company, Ai Build, announced that it has raised $3.2 million from its most recent round of funding. Along with SuperSeed, one of the company’s existing investors, the funding round was led by new investor ACT Venture Partners, an international venture capital fund based in Turkey.
Ai Build’s AiSync software is designed for large-scale additive manufacturing (AM), and the company places a special emphasis on the software’s compatibility with robotic arm pellet extrusion systems. As such, Ai Build’s main customers are in industries like automotive and aerospace, including Rolls-Royce and Boeing, which also gave the company funding last year via the ATI Boeing Accelerator.
In addition to its versatile ability to work with a variety of different technologies across a range of widely-used hardware systems, AiSync’s main selling point is that it’s easy to use. Rather than manual coding, the platform relies on visual programming. This is more or less the idea with all workflow management platforms, which are going to be especially vital over the next decade to the success of new technologies like AM. For the foreseeable future, the industry is going to continue to depend on workers who have little or no experience with AM in order to add to its labor pool. It’s hard to envision this happening without some significant simplification to the user experience of operating AM-based production systems.
Another advantage that Ai Build has is its relative longevity compared to other AM software startups. Although its having been founded in 2015 still makes it a fairly new company, the fact that it has been growing and more importantly learning along with the industry itself gives it an enormous leg-up on companies started in the last couple years. As such, the company is also poised to continue growing as soon as the industry starts operating on a new, larger scale. Software startups that don’t fail often end up getting acquired, but Ai Build is one that could remain as a standalone entity.
Images courtesy of Ai Build
Subscribe to Our Email Newsletter
Stay up-to-date on all the latest news from the 3D printing industry and receive information and offers from third party vendors.
You May Also Like
3D Printing Webinar and Event Roundup: December 3, 2023
We’ve got plenty of events and webinars coming up for you this week! Quickparts is having a Manufacturing Roadshow, America Makes is holding a Member Town Hall, Stratafest makes two...
Ricoh Partners with Materialise to Enhance 3D Printing in Hospitals
Ricoh (TYO: 7752) announced a partnership with Materialise (Nasdaq: MTLS) at the Radiological Society of North America (RSNA) 2023 event. This collaboration aims to make 3D printing more accessible and...
World’s First Whole-Eye Transplant Enabled with Materialise 3D Printing Tech
In an extraordinary medical achievement, Materialise (Nasdaq: MTLS) has played a crucial role in the world’s first successful whole-eye transplant, including a partial face transplant from a single donor. A...
Ricoh’s Vision for Medical 3D Printing: An Interview with Managing Director Gary Turner
In the last decade, 3D printing has steadily carved its niche within the medical sector. Incorporating the technology is a testament to the ever-evolving nexus of technology and healthcare. As...
Upload your 3D Models and get them printed quickly and efficiently.