Photo Credit: Dyndrite
Dyndrite, a San Ramon, California-based manufacturing software company, announced it has raised more than $10 million in Series A funding. Google’s artificial intelligence investment arm Gradient Ventures — which was an early investor as well — led this funding round. Plus Cota Capital participated with existing investors Amplify Ventures, The House Fund, and private investor and former Autodesk president and CEO Carl Bass.
“We are entering the next phase of our company and are excited to play our role in fostering the evolution of the design and manufacturing industries,” said Dyndrite’s co-founder and CEO Harshil Goel. “We’re proud to be a part of the aspirations of our early lighthouse customers. We look to tell our story in a broader context, inspiring and empowering those who are transforming how people design and make things to propel the human race forward.”
Dyndrite’s team comprises of a team of computer scientists, mathematicians, and PhD-level practitioners in the computing, CAD, and additive manufacturing industries.
With this funding round, it will enable the team to release the first beta version of the company’s product line. These products have been under development over three and a half years.
Plus this funding round will enable Dyndrite to hire talent across the company including engineering, marketing, sales, and support functions. Currently, the company has 15 employees and they plan to hire 15 more by the end of the year.
Dyndrite recently announced the Accelerated Geometry Kernel, which is the world’s first fully GPU-native geometry engine. And the company’s Dyndrite Additive Toolkit is the first application built on the new kernel, enabling a streamlined CAD-to-Print workflow that unlocks the power of GPUs to introduce new levels of productivity and efficiency in the additive manufacturing industry.
“We are at a unique point in time where innovative manufacturing hardware has outpaced its software counterparts,” added Gradient Ventures managing partner and Google VP of Engineering Anna Patterson. “Dyndrite is a new platform that takes into account modern computer architecture, modern design needs, and modern manufacturing capabilities.”
Dyndrite is focused on the $50 billion design and manufacturing industry with a goal of helping boost productivity for additive manufacturing with specific use cases in aerospace, medical, energy, and auto applications. There has been a high demand for addressing the gap between 3D printing hardware and software that supports it in these sectors.
“With its revolutionary geometry engine and Additive Manufacturing Toolkit, Dyndrite is poised to transform additive manufacturing,” explained Bass. “It’s exciting to be a part of this disruptive step forward.”
