3D HUBS CLOSES $18M SERIES C FUNDING WITH PARTICIPATION FROM ULTIMAKER

3D Printing Industry | 3/26/2019 | Tia Vialva
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Automated manufacturing platform and former 3D printing marketplace 3D Hubs has today announced the successful closing of $18 million in funding. A Seres C investment, the round was led by Dutch growth capital investment firm Endeit Capital. It features the contribution of five other parties including, most notably for 3D Printing Industry readers, Erik de Bruijn, Co-founder of award winning desktop 3D printer OEM Ultimaker.

The money will be used to enhance 3D Hubs’ automation capabilities, making the ordering process smoother for its customers. Bram de Zwart, 3D Hubs co-founder and CEO, comments, “Thanks to our algorithms, 93% of manufacturing orders are fully automated, allowing us to get parts into our customers’ hands twice as fast on average.”

THIS - LATEST - FUNDING - ROUND - WILL

“THIS LATEST FUNDING ROUND WILL GIVE US THE POWER TO MAKE MANUFACTURING OUTSOURCING EVEN SMARTER AND SIMPLER, AND WE COULDN’T BE MORE EXCITED.”

Automation for manufacturing

Hubs - Life - Online - Community - Marketplace

Founded in 2013, 3D Hubs started life an online community and marketplace for peer to peer 3D printing services. Following rumors that started circulating late 2017, the company has since restructured as a B2B manufacturing platform, fueled by industry demand. In addition to industrial 3D printing capabilities, the site now offers access to CNC machining and injection molding services, all fulfilled by the company’s Manufacturing Partners.

Through automated features such as quoting, and “manufacturability feedback,” 3D Hubs seeks to make the on demand manufacturing process as simple as possible. For Ilan Goudsmit, Investment Manager at Endeit Capital, “The combination of 3D Hubs’ proprietary software, high-quality network of vetted suppliers spread across...
(Excerpt) Read more at: 3D Printing Industry
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