Metafold, a company known for its cloud- and API-based 3D engineering platform, has raised $1.78 million USD in seed funding to penetrate the industrial AM market. Last year, the company raised $500,000 CAD in pre-seed funding. The Canada-based startup, established in 2020, will essentially operate in the Design for Additive Manufacturing (DfAM) segment.
The company has developed an “ultra-precise, lightning-speed geometry computation engine for outputting accurate designs for 3D printing complex parts”. Metafold explains that its cloud-based SaaS platform is accessible on any device, making it fast and easy for design and engineering teams to produce optimized parts with the Metafold web application or leverage the Metafold Engine API to build their own custom tools and integrations. Through this advanced geometry support, Metafold enables manufacturers to use less raw material and produce lighter, more efficient parts which use less energy-both of which contribute to helping customers achieve their sustainability goals.
Focus on sustainability and first vertical markets identified
“Sustainability in manufacturing is ultimately driven by two factors-improving the material consumption of existing fabrication methods and designing for optimality over the lifetime use of manufactured goods,” says mathematician Dr. Elissa Ross, co-founder and CEO of Metafold. “3D printing achieves those goals and has the potential to be even more impactful with the right digital infrastructure. We’re excited to be backed by investors who recognize both the commercial and climate benefits of scaling this extraordinary manufacturing methodology.”
The funding comes as Metafold has gained rapid traction within a number of key markets such as biotech and sportswear, supporting its customers’ need to design, test, and produce highly optimized structures. Metafold exists to help the world’s most innovative manufacturing brands leverage additive manufacturing to accelerate their speed of design and production of end-use parts.
The company intends to use the funds to deepen its first principles approach to solve complex geometry problems in DfAM.
Differential Ventures led the oversubscribed investment round, with participation from Active Impact Investments, who led the company’s pre-seed round, climate-tech focused Jetstream, and Standup Ventures.
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