Fast Radius, a Chicago, IL-based manufacturing technology company, raised $48M in Series B funding.
The round was led by UPS, with participation from Drive Capital, Jump Capital, Skydeck, and Hyde Park Venture Partners.
The company will use the funds to continue to scale up its global manufacturing footprint as well as its software development, application engineering, and sales teams.
Led by Chief Executive Officer Lou Rassey and Chief Operating Officer Pat McCusker, Fast Radius provides of additive manufacturing solutions, including application discovery, product design and testing, production-grade manufacturing and global fulfillment.
The platform allows customers to identify potential applications, conduct engineering and economic evaluations, accelerate new product development, and manufacture industrial-grade parts in Fast Radius factories at scale with the latest additive technologies.
The company has offices in Atlanta, GA and Singapore, as well as a production hub on-site at the UPS Worldport facility in Louisville, KY.