Fortify, a Boston, MA-based additive manufacturing startup, raised $2.5M in seed funding.
Backers included Neotribe Ventures, Prelude Ventures, Mainspring Capital, Ocean Azul Partners, and McCune Capital.
The company is using the funds to expand the team, enabling new capabilities for innovation and partnership development.
Founded on research in composite 3D printing by Dr. Randall Erb and Dr. Joshua Martin (CEO), Fortify is a leader in Digital Composite Manufacturing. Its patented Fluxprint technology combines magnetics and digital light processing (DLP) 3D printing to produce composite parts with ideal mechanical properties, tailored reinforcement and geometric freedom.
In addition to the additive manufacturing platform, the company’s team has launched two resins, filed IP and is engaging in partnerships with manufacturers across the country.
Fortify is also introducing the Fortify Fiber Platform, inviting materials companies and resin suppliers to develop high-performance resins in conjunction with its material scientists and engineers. This platform is already being used by partners such as DSM, an industry leader in the development of photoactive resins for additive manufacturing.
Looking to 2019, the company is seeking an additional round of $8M in Series A funding while moving into the beta launch of their system. Beginning this upcoming winter, the beta program will focus on delivering the digital composite platform to 10 select partners.
FinSMEs
15/01/2019