3D Hubs, the automated manufacturing platform, today announced its $18M Series C round led by Endeit Capital. The company’s largest round brings its total funding to $30M and includes participation from Hearst Ventures, EQT Ventures, Balderton Capital, Arthur Kosten (founder of Booking.com) and Erik de Bruijn (founder of Ultimaker).
Will use it to advance the company’s automation!
This funds will be used to advance the company’s automation of key features for the manufacturing process, including quoting, design validation and smart order routing to its global network of suppliers.
The 3D Hubs platform gives users the opportunity to directly upload CAD files for an instant quote and lead time before automatically sourcing a supplier on the back end, completing a process that usually takes several weeks in just a few minutes.
Reliably and Efficient
This platform allows companies across industries such as aerospace, aviation, energy, healthcare and robotics to reliably and efficiently outsource manufacturing processes with reduced risk. Over the past two years, 3D Hubs successfully shifted its focus to professional engineers and procurers. This includes adding CNC machining and Injection Molding to its service offerings, as well as improving the ease of use, standardization and reliability of the 3D Hubs platform.
“3D Hubs is committed to being a radical innovator in the $13 trillion manufacturing industry – building pricing and manufacturability algorithms that are said to have the same potential as Google’s search algorithms,” says 3D Hubs co-founder and CEO, Bram de Zwart. “Thanks to our algorithms, 93% of manufacturing orders are fully automated, allowing us to get parts into our customers’ hands twice as fast on average. This latest funding round will give us the power to make manufacturing outsourcing even smarter and simpler, and we couldn’t be more excited.”
20,000 businesses using 3D Hubs
With over 20,000 businesses now using 3D Hubs, the company’s net revenue tripled in 2018 alone. 3D Hubs works with over 250 trusted suppliers and has produced more than two million customized, high-precision parts to date.
New office in the United States
Since 2015, 27% of Fortune 100 companies have ordered with 3D Hubs. The Series C round will be used to open a new office in the United States to continue growing the company’s US team and to further develop the automation of its manufacturing platform and integrate it more deeply into both customer and supplier workflows.
3D Hubs makes manufacturing easy from prototyping to production. The online platform provides readily available production capacity for the fastest lead times and most price-competitive parts.
Receive instant quotes for 3D printing
Simply upload designs to receive instant quotes for 3D printing, CNC machining and Injection Molding. 3D Hubs’ automated Design for Manufacturing (DFM) analysis detects any potential issues before production begins, eliminating risk for customers. Founded in 2013, 3D Hubs has produced more than 2,000,000 parts, serving engineering companies of all sizes.
“3D Hubs is dramatically changing the way companies approach product development and production,” says Ken Bronfin, Senior Managing Director of Hearst Ventures. “The 3D Hubs platform has become a one-stop shop that provides engineers with sophisticated design tools together with a broad range of state-of-the-art manufacturing capabilities at the push of a button. The company is well-positioned to become a very large driver in the evolution of the manufacturing supply chain.”
“3D Hubs is tackling one of the biggest challenges we face as a planet – how we continue to manufacture things in a global marketplace, but in a socially, economically and environmentally sustainable way,” says James Wise, Partner at Balderton Capital. “By combining the latest technical advances in manufacturing with their proprietary software and global network, 3D Hubs helps makers of all shapes and sizes tackle some of those questions, giving global brands and first-time designers access to instant, high-quality manufacturing services anywhere in the world.”
The online platform provides readily available production capacity for the fastest lead times and most price-competitive parts. Simply upload designs to receive instant quotes for 3D printing, CNC machining and Injection Molding. 3D Hubs’ automated Design for Manufacturing (DFM) analysis detects any potential issues before production begins, eliminating risk for customers. Founded in 2013, 3D Hubs has produced more than 2,000,000 parts, serving engineering companies of all sizes.
Stay tuned to Silicon Canals for more updates in the tech startup world.
5 most successful crowdfunding campaigns on the most active funding platform in UK
