Fortify, a Boston, MA-based additive manufacturing startup, closed a $10M Series A funding.
The round, which followed a previous seed round this year of $2.5m, was led by Accel with participation from Neotribe, Prelude Ventures, and Mainspring Capital Partners.
The company intends to use the funds to launch its Discovery Partner Program and grow the team.
Founded on research in composite 3D printing by Dr. Randall Erb and Dr. Joshua Martin at Northeastern University, Fortify provides “Fluxprint” technology, which combines magnetics and digital light processing (DLP) 3D printing to produce composite parts with optimized mechanical properties.
The technology focus is initially on injection mold tooling for quick turn, lower volume runs and high performance end use parts. The company is supplying molds now to support customer applications and will ship beta machines to select partners in early 2020.
Additionally, Fortify recently introduced the Fortify Fiber Platform, inviting materials companies and resin suppliers such as DSM, BASF and others to develop high-performance resins in conjunction with Fortify’s material scientists and engineers.
The company is also exploring end use part applications with industry leaders in electrical connectors, impellers, mixers, and specialty drones.
The Discovery Partner Program will give select customers early access to the DCM platform.
FinSMEs
17/07/2019