Fictiv, a San Francisco, CA-based leader in high-quality, on-demand manufacturing, closed a $100m Series E funding round.
The round, which brings total funding raised to date to $192m since its founding, was led by Activate Capital, with participation from new investors Angeleno Group, Cross Creek, and The Westly Group, and existing institutional investors including Accel, Bill Gates, G2 Venture Partners, and Standard Investments.
The company intends to use the funds to accelerate product innovation and expand its business reach.
Co-founders Dave Evans and Nate Evans, Fictiv operates a globally dispersed Digital Manufacturing Ecosystem that delivers custom mechanical parts on-demand. Its ecosystem offers customers manufacturing agility and speed through a digital quote-to-order platform, a vetted and managed global partner network, and a team of manufacturing experts that manage programs and inspect quality every step of the way. The company’s operations are built around a digital core that leverages proprietary AI algorithms to deliver instant pricing, design for manufacturability feedback, and production transparency. Fictiv’s portfolio of optimized manufacturing services includes 3D printing, CNC machining, urethane casting, and injection molding with business solutions for new product development, engineer-to-order, and maintenance, repair and operations.
To date, the company has delivered over 19 million mechanical parts to more than 3,000 product companies.
FinSMEs
05/05/2022