Fictiv, a San Francisco, CA-based virtual manufacturing platform, closed a $15m Series B funding.
The round was led by Sinovation Ventures with participation from Accel, Intel Capital, Bill Gates, FJ Labs, Tandon Group and the Stanford-StartX Fund.
The company, which has raised to $25m in total funding to date, intends to use the funds to grow its global network of manufacturers and to introduce new digital tools geared towards automating and optimizing workflows for hardware teams and manufacturers.
Led by CEO and Co-Founder Dave Evans, Fictiv provides hardware teams with a virtual manufacturing platform that pairs intelligent workflow and collaboration software with a global network of vetted manufacturers to design, develop and deliver physical products, from prototype to production.
Key features of the platform include:
– A private workspace where hardware teams collaborate on projects, provide design feedback, resolve issues, and manage file revisions;
– Intelligent algorithms that power automated quoting and manufacturability feedback to reduce time;
– Smart matching system to instantly assess capacity and capabilities for the pairing of projects to manufacturers;
– A vetted network of over 200 worldwide manufacturers to support requests ranging from local rapid prototyping to overseas production projects;
– A centralized online system for operations teams to track and manage orders, schedules, and shipments;
– Quality control systems that test and review parts before delivery.
The company has opened offices in Guangzhou, China.
FinSMEs
09/05/2018