Indian 3D Printer Manufacturer Fracktal Works Raises $3 Million From Neoteric Technology Solutions
A year-and-a-half-ago, Rohit Asil and Vijay Raghav Varada founded Fracktal Works. The engineering students from Manipal Institute of Technology immediately landed some high-profile clients following the completion of their desktop 3D printer, the Julia.
Now their student run company has raised some $3 million from Neoteric Technology Solutions, a subsidiary of one of India’s largest IT distributors.
Known for their Julia 3D printer, CFO, Abhishek Trivedi says the company’s culture is focused on product design and development. They say their key targets are quality, affordability and aesthetics, and they use those core principles to build unique products.
Fracktal Works are responsible for the FDM-based Snowflake printer, and they also offer a pair of additional printers, one a stereolithographic technology device, and the other which prints in chocolate. The company also builds Project Cloud, an acetone refiner station, and a graphical touch screen printer controller as well as 3D printed biomedical devices.
“We saw the potential in Fracktal as essentially a design focused company with competencies around taking an idea or concept through all the stages right up productization,” says Anup Nair, the head of technology solutions for Neoteric Infomatique.
Neoteric brings products and technology solutions to the market via a broad array of core solutions across a variety of verticals. Founded in 1991 as a re-seller, by a team of young professionals with marketing, sales and technical training that they gained in various industries, the company moved into the distribution market in 1997. Neoteric includes products from vendors such as Acer, Alcatel-Lucent, Apple, Belkin, Brother, Cisco, GE, Hitachi and Lenovo among their offerings.
The Julia 3D printer prints at 100mm/s at a precision of 75 microns, features a metal hot end and is capable of a build volume of 20x20x20 cm – or 8.3 x 7.8 x7.8 inches. The company says that this machine also includes an easy to use filament loading system, a print stabilizing hotbed with a removable glass surface and filament compatibility with PLA, ABS, HIPS, Laywood, Nylon 618 and Polycarbonate.
Through Fracktal Studios, the company offers end-to-end product development and developed their own software – Fracktory – for 3D printing applications. It will be interesting to see how they utilize this injection of funds, and what products they may have in the pipeline.
What do you think of this move by Neoteric Infomatique to pump $3 million into solutions provider and 3D printer manufacturer Fractal Works? Does this move signal a jump start for the 3D printing and technologies market in India? Let us know in the Fracktal Works forum thread on 3DPB.com.
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