AMFG has secured $8.5 million funding led by Intel Capital for its workflow automation software for 3D printing.
The additive manufacturing company, founded in London but with a growing presence in the US, says the investment will continue to help companies scale their additive manufacturing processes, further solidifying its position at the forefront of the autonomous manufacturing revolution.
Jennifer Ard, managing director and head of investment operations at Intel Capital, will join AMFG’s board of directors.
“Additive manufacturing is at an inflection point, shifting from rapid prototyping to large-scale part production and penetrating nearly every major manufacturing-centric industry including automotive, industrial & consumer goods, healthcare, as well as aerospace and defence,” she said.
“AMFG has become the go-to solution to help companies unlock the full potential of additive manufacturing to keep up with increasing demand. We’re excited to be part of Keyvan Karimi and his team’s journey.”
Automation software’s increasing impact over the past few decades, from cutting costs to accelerating production rates, has proven game-changing. In particular, 3D printing technologies are rapidly permeating the manufacturing scene.
Fortune 500 company HP Inc. is partnering with AMFG to improve workflow in its 3D printing business. “Efficient connectivity and easy access to systems data is key to accelerating the journey towards digital AM production. We’re excited to partner with AMFG to help our customers bring more control, automation and visibility into their AM operations,” said Ryan Palmer, global head of software, data and automation, and HP personalisation & industrial business.
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It also works with Decathlon, a multinational sports retailer brand with over 2,000 stores worldwide, and world-leading cosmetics brand L’Oréal.
“Considering our 3D printing volumes of thousands of parts per year, investing in an additive MES has been a natural step for us,” said Matthew Forrester, additive technical manager at the latter. “We chose AMFG for its vast functionality and the ability to customise it to our needs.”
AMFG has established a global headquarters in Austin, Texas, this year.
“AMFG’s solution is accelerating the industry-wide movement towards autonomous manufacturing, scaling operations for hundreds of companies worldwide,” said founder and CEO Karimi.
“Through Intel Capital’s invaluable network and expertise, we will transform supply chains and product life cycles, propelling the autonomous revolution towards its gleaming future.”