San Francisco, California – Digital manufacturing specialist Fictiv has raised an additional $35m of funding to expand its activities. It brings the total amount of money raised by the business up to $92m.
The funding round was led by 40 North Ventures. The cash will be used to advance Fictiv’s cloud-based platform technology, and invest in its supply chain operations and network infrastructure.
Its business is based on the use of technology to streamline the manufacturing process from quote to delivery, via a network of manufacturing partners. Polyurethane casting is among the services it offers, alongside 3D printing and CNC machining.
The company claims to have produced more than 12 million parts for early-stage companies and large businesses in sectors including robotics, aerospace, automotive and medical devices.
‘There is an immense opportunity for digital transformation in the manufacturing sector,’ said Kamal Vasagiri, director of venture capital investments at Honeywell, one of the investors. ‘Fictiv’s traction with enterprise companies like Honeywell, combined with the potential for scale inherent in their digital ecosystem model, gives us confidence that Fictiv is truly building the future of manufacturing.’
