TOffeeAM, a London, UK-based Imperial College spin-out that optimizes product designs for 3D printing, raised £1m in seed funding.
The round was led by IQ Capital, with participation from the Royal Academy of Engineering and Imperial College London’s Techcelerate program.
The company intends to use the funds to hire engineers and additional staff, expanding upon the existing engineering capabilities and developing further its customer base, which already includes GE Aviation, Baker Hughes and a Formula 1 motor racing team.
Founded in 2019 at Imperial College London by Francesco Montomoli, CEO, Marco Pietropaoli, COO, and Audrey Gaymann, CTO, TOffeeAM creates structures within smart industrial production, such as coolant systems for gas turbines exceeding the performance of current heat exchangers. The software has many applications but is especially useful for the aeronautics and automotive industries. The technology optimises the 3D printed parts and the entire systems by reducing the overall number of component parts and increasing the resilience of systems as a whole. The IP is based on four years of research at Imperial College. The company now licenses its software, TOffee, to businesses using AM.
FinSMEs
15/07/2020