Fortify Closes $10M Series A Funding Led by Accel https://ift.tt/2M02XQL Fortify, known for their next-generation composites and Digital Composite Technology (DCM), has just completed a $10M Series A funding led by Accel. The Boston-headquartered additive manufacturing start-up also received funding from Neotribe, Prelude Ventures, and Mainspring Capital Partners. Following a previous seed round this year also, yielding $2.5M, this latest funding will support the Fortify’s Discovery Partner Program and further growth of the Fortify team as they continue to create technology to be used in applications like aerospace, manufacturing, and automotive—with end-use parts in electrical connectors, impellers, mixers, and specialty drones. Fortify is known for their use of magnetics (Fluxprint technology) and digital light processing 3D printing, allowing them to fabricate parts made with composites, therefore imbued with high-performance mechanical properties. Composite research was performed at Northeastern University by Dr. Randall Erb and Dr. Joshua Martin. The company has already seen huge growth this year, with its staff doubling, and new office space required for its overall expansion.
The Discovery Partner Program gives a select number of Fortify customers earlier access to DCM. Currently, Fortify has noted ‘dramatic improvements’ for users 3D printing with the DCM platform. Fortify says that users also report up 10-100x in improvements, when comparing to 3D prints of other types. Molds are being supplied for customers right now, with beta machines going out in early 2020. Their new Fortify Fiber Platform has just been rolled out also, as the company continues to work with companies like DSM and BASF.
Notable new hires include industry veteran Ben Arnold as VP Business Development, most recently of Desktop Metal and Dave Colucci, formerly of Soft Robotics, as their new Embedded Systems Lead Engineer. Researchers around the world are involved in the realm of 3D printing materials, from biomaterials to self-healing capsules, and even soft materials for robotics. What do you think of this news? Let us know your thoughts! Join the discussion of this and other 3D printing topics at 3DPrintBoard.com. [Source / Images: Please enable JavaScript to view the comments powered by Disqus.Printing via 3DPrint.com | The Voice of 3D Printing / Additive Manufacturing https://3dprint.com July 17, 2019 at 07:33AM
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