Dec 12, 2017 | By Benedict
Indian 3D printing startup Fracktal Works has received funding from investment firm Hyderabad Angels in a pre-Series A financing round. The money will go towards 3D printer R&D and a new automated online 3D printing service called “Fractory.”
Founded in 2013, Bengaluru-based 3D printing and digital manufacturing specialist Fracktal Works looks like a 3D printing company to keep an eye on. Not only does the Indian startup produce its own like of 3D printers, it is also launching an automated 3D printing service, Fractory, which will give customers automatic quotes and repairs on their 3D models.
It’s this ambitious and wide-ranging approach to 3D printing that has influenced investors like Hyderabad Angels to put money into Fracktal Works in a recent pre-Series A financing round. Although figures have not been disclosed, Fracktal Works says it will use the new cash to improve its 3D printers and help launch the new Fractory service.
Fractory, which will launch in the near future, promises to offer automatic file repair with learning algorithms, instant quotes and estimated lead times, and order tracking, which lets customers know when their 3D printed item is printing and when it is in transit.
The service, which will provide additive manufacturing as well as CNC milling options, will bring Fracktal Works’ 3D printing and digital manufacturing capabilities to a new range of customers who do not intend to invest in their own 3D printing equipment.
“We believe Fracktal Works’ disruptive technology will help lower manufacturing costs and increase efficiency,” commented G Ram Chaitanya Reddy, vice-chairman of Hyderabad Angels.
You might have heard of Fracktal Works’ 3D printers: its flagship machine is the Julia desktop 3D printer, released a few years back, but the company recently launched an upgraded version, the Julia+. This new FDM printer is compatible with a “wide range of thermoplastics” and has a filament sensing unit.
It’s not just Hyderabad Angels that has been impressed with Fracktal Works’ rise up the Indian 3D printing ladder. The company has previously raised funds from 1 Neoteric Technology Solutions, and counts big companies like Cisco, Toshiba, and L&T amongst its previous customers.
Fracktal Works was formed by two alumni of the Manipal Institute of Technology, but now employs 25 people. The company says its 3D printing and digital manufacturing equipment and services are suited to a range of sectors, including education, manufacturing, architecture, medical, and injection molding.
Posted in 3D Printing Service
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