Wikifactory, a Copenhagen, Denmark-based online platform for collaboratively creating physical products, raised $2.5M in pre-series A funding.
Backers included existing shareholders and new investors including, the investment vehicle of Lars Seier Christensen. This brings total funding raised to date to a total of nearly $8M.
Led by Nicolai Peitersen, Executive Chairman, Wikifactory enables developers, designers, engineers and startups from across the globe to collaborate, prototype and produce hardware solutions in real-time that solve real world problems. The company is working to build the Internet of Production, which is an emerging concept of a distributed, interoperable, open standards-based system, linking together product definitions, software services, and manufacturing-as-a-service (MaaS) solutions.
More than 130,000 product developers, from over 190 countries, are currently using the platform to build robotics, electric vehicles, drones, agri-tech, sustainable energy appliances, lab equipment, 3D printers, smart furniture and biotech fashion materials, as well as medical devices.
The company intends to use the funds to grow its manufacturing marketplace which soft-launched earlier this year to offer an online solution for anyone to prototype and produce hardware, anywhere. It offers online quotes, global delivery, and faster production times for CNC machining, sheet metal, 3D printing, and injection moulding with 150+ materials and presets via both global and local manufacturers.
FinSMEs
17/05/2022