3D Hubs scores $18M funding for automation and worldwide expansion
Automated manufacturing platform and former 3D printing Market place, 3D Hubs, closes $18M Series C funding for automation and new office in the U.S.
3D Hubs’ $18 million series C. was led by Dutch growth capital investment firm Endeit Capital. The round had participation from Hearst Ventures, EQT Ventures, Balderton Capital, Erik de Bruijn, founder of Ultimaker, and Booking.com founder Arthur Kosten, among others.
This new investment round brings its total capital raised to $30 million and comes after a $7 million series B back in July 2016.
The company will use the funds for the automation of key features in the manufacturing process. Lead-times, quoting and design validation are a few examples. In addition, 3D Hubs is looking to expand the team and opening a new office in the U.S..
“Thanks to our algorithms, 93 percent 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 give us the power to make manufacturing outsourcing even smarter and simpler, and we couldn’t be more excited.”
Bram de Zwart, CEO at 3D Hubs.
3D Hubs seeks to make the on demand manufacturing process as simple as possible.
About the company
Founded in 2013, 3D Hubs is now offering services in 140 countries. It allows to upload CAD files for an instant quote for 3D printing, CNC machining and Injection Molding. The company says its network of 3D printing suppliers has produced over 2 million parts for around 20,000 businesses. Thanks to this, 3DHub’s net revenue tripled in 2018 alone.
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Congratulations to this company that truly seems to be revolutionizing the manufacturing process.