AI Build’s $8.5M Series A Fuels Additive Manufacturing Software
Ai Build secured $8.5 million in Series A funding led by IQ Capital, bringing its total funding to $13.5 million. The company is at the forefront of additive manufacturing software, offering a cloud-based solution to reduce costs, lead times, and material waste. Ai Build uses automation and data-driven intelligence to simplify the additive manufacturing process, making it more efficient and sustainable. They collaborate with industry leaders like Boeing to expand additive manufacturing in industrial applications. It will result in decreased production failures and increased efficiency. The funding will enhance their product development and global expansion, positioning Ai Build to transform manufacturing processes.
Partnership with Boeing will provide significant benefits, including a 65% reduction in failed production attempts and a 90% boost in production efficiency. The company’s mission is to enable the widespread adoption of additive manufacturing at an industrial scale. With support from deep-tech investor IQ Capital and technology provider Nikon, Ai Build will automate factories of the future. This aligns with the rapidly growing $16 billion additive manufacturing industry, with an annual growth rate of over 20%.
The funding will propel Ai Build’s product roadmap, allowing automation and AI integration and expansion into the US and Europe. With $13.5 million in total financing, Ai Build is set to lead the transformation of additive manufacturing.
Daghan Cam, Co-founder and CEO at Ai Build, said in a statement:
“Despite its clear economic and environmental benefits, manufacturers have difficulty implementing additive manufacturing at an industrial scale. This is due to concerns about its reliability and ease of adoption. Automation and smart use of data is the solution to this problem. By partnering with Nikon as a leading technology provider who has a grand vision for the future of manufacturing, and IQ Capital as a deep-tech investor with a proven track record of supporting global businesses, we are well positioned to achieve our goal for automating the factories of the future.”
