The company has developed AiSync, the AI-powered SaaS platform that maximizes the efficiency of additive manufacturing across the world’s leading enterprises in automotive and aerospace.
London, June 9th 2022
London based SaaS company Ai Build, backed by industry heavy weight Boeing, closed a new funding round of $3.2m led by ACT Venture Partners and existing investor SuperSeed.
“This is a time when manufacturers are looking to realise the potential that additive manufacturing offers, making their supply chains more flexible, resilient, cost-effective and sustainable. Ai Build enables its customers to rapidly achieve these strategic objectives through its groundbreaking 3D printing software.” said Mads Jensen, Managing Partner at SuperSeed.
With the recent global pandemic causing unimaginable disruption to many supply chains, global
manufacturers recognise now is the critical time to accelerate the adoption of additive
manufacturing at scale and advance to a more sustainable factory of the future.
“We were thrilled with the team’s achievements in developing and validating their platform with leading global customers from the automotive, aerospace, energy and construction sectors. Ai Build’s clear vision to enable faster, repeatable and sustainable additive manufacturing through AI and automation is a game changer in scaling production, and making Ai Build the default operating system for all additive machines will be key in their growth strategy” commented Gurcan Ozan, Partner at ACT Venture Parners.
Working with a global network of hardware manufacturers such as Kuka for robotics, Weber for polymer machines and Meltio for metal 3D printing, Ai Build customers report productivity gains of up to 90% on a diverse range of industrial additive manufacturing machines while eliminating waste and cutting greenhouse emissions by approximately 70%. The intelligent software platform uses advanced geometrical analysis, physics simulation and real-world data analytics to automatically adapt and optimise part production across different machines in large enterprises.
“We are excited to support Ai Build on their journey towards enabling sustainable factories of the future. Combination of a unique, AI-powered software platform and a world class team of experts in their fields makes Ai Build a company that we can trust to accelerate our transition into a more sustainable aerospace industry.” said Nichola Bates, Head of Global Accelerators and Innovation Programs at Boeing.
The new investment received will accelerate Ai Build’s efforts to further develop its machine learning models for fully automated quality assurance and integrate its software into a wide range of industry standard 3D printers around the world. By creating a collaborative culture among its partners and customers across multiple industries, Ai Build has the express interest of unlocking the full potential of additive manufacturing to reach true global scalability.
“To enable faster adoption of additive manufacturing at industrial scale, we created a unique company culture and a cloud-based collaboration platform where our engineering and commercial teams, partners and end customers work closely on solving difficult real-world problems together. Since our product launch last year we onboarded over 20 hardware partners on AiSync as well as a customer base that is growing on a daily basis including several Fortune 500 manufacturers. The new investment will allow us to scale our teams across the board to continue onboarding new partners and customers rapidly.” commented Daghan Cam, the Co-founder and CEO of Ai Build.
About ACT Venture Partners
ACT Venture Partners is a venture capital firm that invests in early-stage technology startups. Backed by EIF, and private investors ACT has a proven track record in identifying breakthrough technologies and strong technical teams in seed and scale-up phases. ACT has four partial and full exits and its portfolio includes 18 startups in B2B software, AI/ML, cybersecurity, and digital health domains. Having offices in London, Istanbul, and Amsterdam, ACT’s investment team brings together professionals from diverse backgrounds.
About SuperSeed
SuperSeed is a London based venture capital firm built by founders for founders. SuperSeed invests in technical teams building business and industrial automation startups at the seed stage, and then actively supports them to reach their first £million in sales. Founded in 2018 by Daniel Bowyer and Mads Jensen, SuperSeed has backed more than 16 high-growth B2B software companies to date.
