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
A First-Timer’s “Definitive” Guide to Surviving Formnext
Believe it or not, this year was my very first time attending the additive manufacturing (AM) industry powerhouse event known as formnext, which has been held in Germany for eight...
3D Printing Webinar and Event Roundup: November 27, 2022
Coming off of Thanksgiving in the U.S., we’re still at low mass when it comes to 3D printing webinars and events, but there are still a few offerings this week,...
3D Printing News Briefs, November 23, 2022: ESD-Safe Resin, Edible QR Codes, & More
In today’s 3D Printing News Briefs, AM Solutions has joined the ColdMetalFusion Alliance, AMFG is partnering with French 3D printing service bureau Erpro Group, and AddUp and the WBA are...
3D Printing Financials: voxeljet Q3 Earnings Results Miss on Revenue, Net Loss Widens
Pioneering 3D printer manufacturer voxeljet (NASDAQ: VJET) reported its latest round of earnings last week, missing on revenue and earning expectations. The German company’s revenue was €5.7 million for the...