Freeform raises $67M Series B to scale up laser AI manufacturing | TechCrunch
Summary
Freeform has raised $67 million in Series B funding to enhance its AI-driven metal 3D printing technology, aiming to scale production and improve manufacturing efficiency.
Why It Matters
The investment highlights the growing interest in advanced manufacturing technologies, particularly those that leverage AI for efficiency. Freeform's innovations could significantly impact industries relying on precision metal components, showcasing a shift towards more integrated manufacturing solutions.
Key Takeaways
- Freeform secured $67 million to expand its innovative metal 3D printing platform.
- The new Skyfall system aims to enhance production capacity using hundreds of lasers.
- The company emphasizes AI integration for real-time manufacturing improvements.
Tech investors haven’t given up on the dream of making physical products with the same speed and ease as coding software. Executives at Freeform, a startup developing a novel 3D printing system for metal components, told TechCrunch that the company raised a $67 million Series B to expand its manufacturing platform. Investors include Apandion, AE Ventures, Founders Fund, Linse Capital, NVidia’s NVentures , Threshold Ventures, and Two Sigma Ventures. FreeForm declined to disclose the company’s post-financing valuation, which Pitchbook cites as $179 million. CEO and cofounder Erik Palitsch said the funding would allow the company to upgrade its current GoldenEye printing system, which uses 18 lasers to fuse metal powders into precision components, to a new version. Dubbed Skyfall, the next iteration of the platform would use hundreds of lasers to produce thousands of kilograms of metal parts each day. That’s the culmination of a vision Palitsch and co-founder/president Thomas Ronacher launched in 2018. The two met while developing rocket engines at SpaceX, where they found that industrial machines for printing metal components are expensive, finicky, and not well designed for mass manufacturing. Their new company would build its platform from the ground up to achieve higher throughput and flexibility, with an emphasis on active software controls. Palitsch says Freeform’s platform is “AI native,” noting a partnership with Nvidia that allows the company to access advanced G...