Metafold- the only provider of a cloud- and API-based 3D engineering platform – recently announced it raised $1.78 million in seed funding to advance the mass adoption of industrial 3D printing with sustainability at the forefront of its mission. And Differential Ventures led the oversubscribed investment round with participation from Active Impact Investments, who led the company’s pre-seed round, climate-tech-focused Jetstream, and Standup Ventures.
Traditional desktop computer-aided design (CAD) and engineering (CAE) software was developed for traditional manufacturing methods and relied on every engineer having access to an expensive, high-performance workstation. At the same time, 3D printing has unlocked new opportunities to innovate with complex shapes not possible to manufacture with traditional methods. This gap between 3D printing hardware capabilities and the software to take advantage of all their potential prevented wide usage and adoption of 3D printing for production applications.
So Metafold has developed an ultra-precise, lightning-speed geometry computation engine for outputting accurate designs for 3D printing complex parts. And Metafold’s cloud-based SaaS platform is accessible on any device, making it fast and easy for design and engineering teams to produce optimized parts with the Metafold web application or utilize the Metafold Engine API to build custom tools and integrations. Through this advanced geometry support, Metafold helps manufacturers use less raw material and produce lighter, more efficient parts that use less energy, which contributes to helping customers achieve their sustainability goals.
The funding round comes as Metafold has gained rapid traction within several key markets like biotech and sportswear, supporting its customers’ need to design, test, and produce highly optimized structures. And Metafold exists to help the world’s most innovative manufacturing brands leverage additive manufacturing to accelerate their speed of design and production of end-use parts.
The company plans to use the funds to deepen its first principles approach to solve the most challenging geometry problems holding back 3D printing from mainstream adoption.
KEY QUOTES:
“Sustainability in manufacturing is ultimately driven by two factors—improving the material consumption of existing fabrication methods and designing for optimality over the lifetime use of manufactured goods. 3D printing achieves those goals and has the potential to be even more impactful with the right digital infrastructure. We’re excited to be backed by investors who recognize both the commercial and climate benefits of scaling this extraordinary manufacturing methodology.”
— Mathematician Dr. Elissa Ross, co-founder and CEO of Metafold
“Metafold’s technology will be game-changing for designing and visualizing complex structures in 3D printing, making currently impossible designs possible. Co-founders Elissa, Daniel, and Tom are a great team to bring this product to market.”
— David Magerman, founding partner at Differential Ventures
