Ai Build receives $3.2M investment to advance AI software for AM
June 10, 2022
Ai Build, a Software as a Service (SaaS) company based in London, UK, has completed an investment round of $3.2 million, led by venture capital firm ACT Venture Partners and existing investor SuperSeed.
Ai Build has developed AiSync, an AI SaaS platform that maximises the efficiency of Additive Manufacturing for industries such as automotive and aerospace. Ai Build customers report productivity gains of up to 90% on a diverse range of industrial Additive Manufacturing machines while eliminating waste and cutting greenhouse emissions by approximately 70%. The software platform uses advanced geometrical analysis, physics simulation and real-world data analytics in an effort to automatically adapt and optimise part production across different machines in large enterprises.
“To enable faster adoption of Additive Manufacturing at industrial scale, we created a unique company culture and a cloud-based collaboration platform where our engineering and commercial teams, partners and end customers work closely on solving difficult real-world problems together,” commented Daghan Cam, co-founder and CEO of Ai Build.
“Since our product launch last year, we onboarded over twenty hardware partners on AiSync, as well as a customer base that is growing on a daily basis including several Fortune 500 manufacturers,” he continued. “The new investment will allow us to scale our teams across the board to continue onboarding new partners and customers rapidly.”
The new investment will enable Ai Build to accelerate the development of its machine learning models for fully automated quality assurance and integrate its software into a wide range of industry-standard AM machines globally. By creating a collaborative culture among its partners and customers across multiple industries, Ai Build aims to unlock the full potential of Additive Manufacturing to reach true global scalability.
Mads Jensen, Managing Partner at SuperSeed, stated, “This is a time when manufacturers are looking to realise the potential that Additive Manufacturing offers, making their supply chains more flexible, resilient, cost-effective and sustainable. Ai Build enables its customers to rapidly achieve these strategic objectives through its groundbreaking 3D printing software.”
Gurcan Ozan, Partner at ACT Venture Partners, added, “We were thrilled with the team’s achievements in developing and validating their platform with leading global customers from the automotive, aerospace, energy and construction sectors. Ai Build’s clear vision to enable faster, repeatable and sustainable additive manufacturing through AI and automation is a game changer in scaling production, and making Ai Build the default operating system for all additive machines will be key in their growth strategy.”