Manufacturing execution system provider AMFG receives $8.5M funding
November 16, 2022
AMFG Corp, Austin, Texas, USA, a provider of manufacturing execution system (MES) & workflow automation software for Additive Manufacturing, has secured $8.5 million in funding, led by Intel Capital.
With this new funding, AMFG states that it will continue to help companies scale and streamline their AM processes as well as strengthen AMFG’s position as a provider of autonomous manufacturing. In addition, as part of the recent funding, Intel Capital investors Jennifer Ard and Alexandra Farmer are joining AMFG’s Board of Directors.
“Additive Manufacturing is at an inflection point, shifting from rapid prototyping to large-scale part production and penetrating nearly every major manufacturing-centric industry including automotive, industrial & consumer goods, healthcare, as well as aerospace and defence,” stated Jennifer Ard, Managing Director and Head of Investment Operations at Intel Capital. “AMFG has become the go-to solution to help companies unlock the full potential of Additive Manufacturing to keep up with increasing demand. We’re excited to be part of Keyvan Karimi and his team’s journey.”
This funding round follows a year of milestones for AMFG. These include expanding into the US by establishing a global headquarters in Austin, Texas, which places the company in direct contact with the region’s dramatically shifting manufacturing scene, and making several strategic hires to the growing AMFG team. With this funding, AMFG will advance its vision to pioneer a path into the future of autonomous manufacturing.
The company explains that HP Inc is partnering with AMFG to improve workflow and management capabilities in its Additive Manufacturing business. Ryan Palmer, Global Head of Software, Data and Automation, and HP Personalization & Industrial Business, commented, “Efficient connectivity and easy access to systems data is key to accelerating the journey towards digital AM production. We’re excited to partner with AMFG to help our customers bring more control, automation and visibility into their AM operations.”
