SOLS Systems Raises $6.4M Funding

SOLS Systems, a New York-based maker of 3D printing technology focused on orthotics, raised a $6.4m round of funding.

The round was led by Lux Capital with participation from new investor Founders Fund as well as existing investors RRE Ventures, Rothenberg Ventures, Felicis Ventures, FundersGuild and Grape Arbor VC.

The company intends to use the funds to accelerate team growth (now at 12 people) and the development of custom mass-manufacturing platforms in preparation for a direct-to-consumer launch in 2015.

Founded by CEO Kegan Schouwenburg, SOLS Systems aims to enable customization of everyday wearables, both in and out of the medical sector. Its first consumer-facing product is SOLS: 3D printed dynamic orthotics which leverages the company’s proprietary computer vision system that translates images and/or a brief video into a highly precise 3D model of the foot. When combined with information about the patient’s body, lifestyle, and medical needs, the data is used to generate a completely custom, precision-engineered orthotic.

SOLS Systems had closed a seed round of $1.75m in December 2013 (read here).



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