3YOURMIND closes series A+ funding that will help the company explore new market opportunities for smarter manufacturing infrastructures.
Backed by EnBW New Ventures (ENV), the $5.5M USD investment (4 654 952€) will enable 3YOURMIND to further develop its services at a global level, in key sectors including the aerospace, automotive and engineering on the one hand, on the other hand, it will strengthen its position in the energy industry and infrastructure maintenance, its new investor’s market segment. Europe and the USA will remain key markets where the company will accelerate its growth with increased marketing and sales activities.
ENV specializes in renewable energies and is very active in Germany and throughout Europe. The company completes a list of investors that already includes companies such as UVC Partners, AM Ventures, TRUMPF Venture and coparion.
“The promise of Industry 4.0 relies on Additive Manufacturing,” says Crispin Leick, Managing Director at ENV. “The 3YOURMIND offering enables companies to easily implement AM into their production process which supports the sustainability of many manufacturing and MRO (Maintenance, Repair, & Operations) applications. We are excited to invest in 3YOURMIND, a company that is shaping the future of manufacturing.” ENV believes in supporting strong, innovative companies that can create major impacts in the energy and mobility markets.
In a recent Opinion of the Week, Alexandre Donnadieu explained that despite the challenging times, the company had gained a lot of traction with their proprietary AM workflow software.
Manufacturers can achieve up to 40% cost reduction as well as 18% shorter lead times using this software.
3YOURMIND enables agile manufacturing, and provides a wide range of software solutions that helps companies bridge the gap between flexibility and data granularity. The company’s AM software suite integrates various modules designed to enable the full-data continuity required in AM workflows. It has become an ideal candidate for those who are producing spare parts on-demand, efficiently replacing outdated machinery and transitioning to a digital warehouse. However, it also serves as a suitable entry point for companies that are taking their first steps into 3D printing by assessing the imact of agile manufacturing in this business model.
“The current macro situation forces companies to focus on supply chain resilience,” says Aleksander Ciszek, Co-Founder and CEO of 3YOURMIND. “Our customers benefit from the distributed manufacturing software we are providing as the increased flexibility in their supply networks secures and generates value. We are happy that ENV and our existing investors support that vision.”
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