IQ Capital, Nikon, and Boeing Invest in Ai Build's Factory Automation
IQ Capital and Nikon have joined forces with industry heavyweight Boeing to support Ai Build's plans to automate the factories of the future. The Additive Manufacturing (AM) software company has raised $8.5 million in a Series A round led by IQ Capital and with participation from Nikon. The funds will be used to accelerate Ai Build's product roadmap, allowing for more customers to come on board with higher levels of automation and AI capabilities. The investment will also support the company's expansion into North America and continued growth in Europe.
Ai Build, established in 2015 by Daghan Cam and Michail Desyllas, offers cloud-based solutions to manufacturers using 3D printing technology.
The company's software is designed to reduce costs, lead times, and material waste in the additive manufacturing process. Ai Build partners with major manufacturing firms, including Boeing, to expand the use of additive manufacturing in large-scale industrial applications.
By eliminating inefficiencies caused by human error, Ai Build aims to make the manufacturing process simpler, more intelligent, sustainable, and cost-effective. The company's platform has already shown impressive improvements, with customers experiencing a 65% decrease in failed production attempts and a 90% increase in overall build efficiency. The partnership with Nikon and support from IQ Capital will enable Ai Build to further advance the state of the art in additive manufacturing.
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