Remember 3D Spark, the spin-off of Fraunhofer IAPT that has already helped French rolling stock manufacturer Alstom to save €1.8M in costs? The company has just closed its €1.2M seed round in a second closing, led by Fraunhofer Technology Transfer Fund (FTTF), together with Discovery CFO UG in addition to the first closing investment by Innovationsstarter Fonds Hamburg (IFH) and FTTF.
At the heart of its services lies a software solution that enables to identify the ideal 3D printed part. Its solution relies on AI to help engineers automate and identify the most suitable manufacturing processes, automate quoting, and Request for Quotation (RFQ) preparation.
Specifically, 90% of manual quoting time is automated by the software giving sales 10x more time to solve actual customer problems and generate revenues. Furthermore, pre-manufacturability-checks and costing ease Make or Buys decisions and lead to >80% reduction of RFQs written by procurement, minimizing administrative efforts on both sides, procurement, and sales, the company explains.
“The funds enable us to accelerate development of our innovative platform and to deliver on our claim ‘the best manufacturing technology for every part’, whilst ensuring long-term planning security for our industrial partners and customers”, states Ruben Meuth, CEO and Founder at 3D Spark.
With successful applications already achieved in railway, automotive and manufacturing, I am sure 3D Spark can go even further and I look forward to discovering the various industrials they will support on their journey.
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