Nov.21, 2014
Chicago based start-up 3Discovered announced today that they have secured the company's first external financing round from AITV and private investors.
3Discovered connects customers, product design owners, and 3D printing service bureaus through its online exchange platform to fulfill transactions of commercial-grade 3D printable designs and products. According to the company, its patent-pending exchange platform is the first to address the obstacles to transacting commercial-grade 3D printable designs by incorporating features such as piracy protection, quality verification, pricing transparency and multiple 3D printing locations and technologies.
In the past, many design owners are reluctant to submit their 3D files online for fear that they will be pirated. 3Discovered works with design owners to facilitate piracy-protected 3D printing of their designs and ensure that their design files are safeguarded and 3D printed using piracy protection algorithms.
The round, which was more than 50% oversubscribed, follows last year's initial seed investment by founders Ocean Tomo and Liberty Investment Ventures and will fund the development of 3Discovered's online exchange platform for commercial-grade 3D printable designs.
"We are very pleased to have concluded such a successful funding round," said Peer Munck, 3Discovered's Co-founder and CEO. "This gives us the financial resources to commence transactions of 3D printable designs and products for our commercial partners early next year."
"AITV is very excited about the tremendous potential of 3D printing," said AITV General Partner, Brent Granado. "We believe 3Discovered, with their solutions for eliminating transaction obstacles, is on the right path to capitalize on the opportunity we see in commercial and industrial adoption of this technology."
Posted in 3D Design
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