FORTIFY RAISES $2.5 MILLION TO ADVANCE COMPOSITE 3D PRINTING TECHNOLOGY

3D Printing Industry | 1/15/2019 | Umair Iftikhar
melanie7 (Posted by) Level 3
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Fortify, the Digital Composite Manufacturing (DCM) company and recent winner of the Formnext 2018 startup challenge, has raised $2.5 million in seed funding.

Provided by five strategic investors, the money has been used to expand the Fortify team and create new potential partnership opportunities. To begin later this year, the company is also seeking a further $8 million in series A funding to launch the beta testing phase of its additive manufacturing system.

Kittu - Kolluri - Founder - Managing - Director

Kittu Kolluri Founder and Managing Director of Neotribe Ventures, one of Fortify’s seed investors, comments “We’re thrilled to count Fortify amongst our partners,”

“AT NEOTRIBE WE PLACE A HIGH VALUE ON TRANSFORMATIVE TECHNOLOGY, AND FORTIFY CONTINUES TO PROVE THEMSELVES AS A PIONEER IN MANUFACTURING FOR THE DIGITAL AGE BY DEMOCRATIZING THE PERFORMANCE OF ADVANCED COMPOSITES THROUGH ADDITIVE MANUFACTURING.”

Composites - Ground

Building composites from the ground up

Headquartered in Boston, MA, alongside established 3D printer manufacturers like Formlabs and Markforged, Fortify was founded on the principle of building materials “from the microarchitecture up.”

Materials - Company - Fluxprint - Technology - Magnets

Focusing on composite materials, the company has developed its patented Fluxprint technology adding magnets to DLP 3D printing for the alignment of fiber reinforcements.

Fluxprint technology forms the basis of the company’s DCM service, alongside Fortify materials and INFORM generative design software. According to the company “By pairing high-performance engineering resins with specialty additives, Fortify utilizes DCM to produce...
(Excerpt) Read more at: 3D Printing Industry
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