Fortify, a Boston, MA-based additive manufacturing startup, closed $20M equity funding round.
The round was led by Cota Capital with participation from Accel Partners, Neotribe Ventures, and Prelude Ventures.
The company intends to use the funds to accelerate team growth, expansion in application spaces, and transition to volume manufacturing of the Flux Series 3D printers.
Founded in 2016 and led by Josh Martin, CEO, Fortify invented Digital Composite Manufacturing (DCM), which combines proprietary systems for mixing and magnetic alignment with digital light processing (DLP) to produce composite parts with optimized mechanical, thermal, and electromagnetic properties. The hardware combined with software, materials development, and processing expertise is opening up new additive manufacturing capabilities by tuning material properties for specific applications.
The company, currently focused on applications ranging from injection mold tooling to high performance end-use parts with unique mechanical and electromagnetic properties, has previously announced partnerships with Henkel, DSM, Tethon3D, and will be making additional announcements over the course of 2021.
FinSMEs
18/03/2021