Link3D, the New York-based additive manufacturing workflow software company, has announced the closing of a $7 million funding round. The funding, headed by AI-based venture capital company, AI Capital, has been raised to aid the growth of Link3D’s sales and customer support operations in Europe, Japan, and North America. Link3D, founded in 2016, mainly offers its services to bureaus and OEMs. Its primary offering is the Additive Manufacturing Execution System, otherwise known as Additive MES, which was formulated to regulate and streamline additive manufacturing in production, and it is gradually being expanded by Link3D to accommodate the growing demands of the industry.
Shane Fox, Co-Founder and CEO, Link3D, said that the funding would also help the company’s R&D efforts to introduce workflow automation and artificial intelligence in the 3D printing production environment. Link3D had launched at least three new functions to its software in 2019 alone, viz., Additive Material Recommendation System (AMRS), True Shape Nesting for MJF and SLS, and the recently launched Material Tracking System add-on to support end-to-end material traceability. The company’s aim for the new additions is to facilitate the application of additive manufacturing for series production. Fox had opined about the integration of True Shape Nesting at the RAPID + TCT 2019 event, that they believe that series production will ramp up at a rapid pace and to comprehend actual production cost and attain optimal production planning, MES toolsets need to have more agility in order to dynamically strategize and expand throughput.
The new features to be added by utilizing the funds from this round will be aimed at improving capacity management, predictive QMS solutions, and dynamic scheduling in Additive MES. AI Capital, the Boulder, Colorado-based company, was the lead investor in Link3D’s latest fundraising round, which also saw the participation of multiple undisclosed angel investors. Neville Teagarden, Managing Partner, AI Capital, had commented that a valuable addition to the growth-stage enterprise of the firm applied AI investment portfolio, and this successful funding round suggests the impact Link3D in the industry.