Voxel closes $1.7 million in seed financing
May 25, 2023
Voxel, a startup Additive Manufacturing design platform, has closed $1.7 million in seed financing and will open a new headquarters in Cincinnati, Ohio. The financing was led by CincyTech, a Cincinnati-based venture firm focused on seeding and scaling a new generation of transformational Midwest companies.
“We were immediately drawn to Aaron and Zach’s passion and world-class expertise in Additive Manufacturing. Voxel’s platform unlocks the potential of AM, generating designs that otherwise would take many iterations and still be suboptimal. Voxel’s platform is another example of our growing portfolio of AI-enhanced solutions that represent the upside of AI innovation,” stated Doug Groh, partner at CincyTech.
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Voxel is launching in Cincinnati with plans to take advantage of the region’s AM expertise and capabilities, and the region’s history as an advanced manufacturing hub. The region is a major exporter of aerospace parts, medical devices, and scientific instrumentation. General Electric has one of the world’s largest Additive Manufacturing facilities in greater Cincinnati, while other leading AM companies, such as Zeda (formerly Vertex), are also located in the region.
Aaron Chow, CEO and co-founder shared, “We believe that by fusing AI and Additive Manufacturing, we can provide a step change in how companies approach design and engineering problems. We aim to unlock manufacturing solutions previously undiscovered.”
Zach Beller, CTO and co-founder, concluded, “We believe that Voxel can deliver significant performance increases on each design iteration and deliver faster go-to-market solutions. The cost savings related to reduced engineering requirements is a notable advancement.”
Voxel’s company’s design platform utilises a multi-physics Artificial Intelligence model to generate designs for applications across industries.
