Dyndrite Corporation, headquartered in Seattle, Washington, USA, has reported a successful first edition of its virtual Digital Manufacturing Investor Day (DMID2020) event, which took place on June 30.
The company states that the event brought together twelve leading startups from North America, Europe and Israel, to pitch to more than sixty investment firms. It is said to have welcomed hundreds of attendees including experts from manufacturers within the aerospace, automotive, medical, and consumer goods markets.
Each participating startup gave a three to five-minute ‘lightning pitch’, followed byQ&A sessions with company founders and executives. A private Slack channel facilitated company, attendee and investor networking.
The following twelve companies were selected to deliver virtual pitches during the event:
- First resonance
- General Lattice
- Impossible Objects
DMID2020 was supported by key investment advisors including Anna Patterson, Managing Partner at Gradient Ventures; James Taylor, Venture Partner at HP Tech Ventures; and Jeremy Fiance, Managing Partner at The House fund; as well as media partners Metal Additive Manufacturing magazine, Protocol and Develop3D.
“This is a truly inspired event by Dyndrite,” stated James Taylor, Venture Partner at HP Tech Ventures. “The digital manufacturing market is advancing at a rapid pace. The lack of shows and in-person events has disrupted the ways we learn about and get to know entrepreneurs in this space. We thank Dyndrite for their initiative, and are excited to be a part of this event.”
Harshil Goel, CEO and founder of Dyndrite, commented, “We quickly saw this year that the lack of in-person events and shows could negatively affect those companies in the midst of raising their funding rounds – it had to be addressed.”
Goel added, “It is our mission at Dyndrite to elevate the entire digital manufacturing industry. Now, more than ever, we have to strengthen the companies bringing these new innovations to the market. With the unexpectedly high participation rate for DMID2020, it is clear we are addressing a critical need.”