MakeTime, a Lexington, KY-based manufacturing platform that monetizes machine capacity, secured an additional $8m in funding.
The round was led by Foundry Group with follow-on participation from Almaz Capital and Kentucky Science & Technology Corporation (KSTC).
The company will use the funds to scale their ability to automate how things get made.
Led by Drura Parrish, founder and CEO, MakeTime provides a platform that enables qualified U.S. suppliers to monetize incremental capacity from idle machines by aggregating available hours across machine types. The platform also streamlines procurement for manufacturers by matching a job to machine capacity. It automates matching by analyzing the part files of a job to determine machining requirements and uses the requested quantity and in-hands date to match the job with a single supplier or distribute it across multiple suppliers.