London based manufacturing company raises $1m in funding
A London manufacturing company has raised $1m to support its work across multiple industries.
Ai Build, which aims to enable factories to deliver large-scale 3D printing, has raised $1m in a funding round led by SuperSeed, a London based VC that specialises in business automation and industry 4.0 investments.
Ai Build has developed an artificial intelligence powered SaaS platform called AiSync, which aims to automate the additive manufacturing process by autonomous robotic path planning and computer vision.
The investment will enable Ai Build to accelerate commercialisation of its technology for use in aerospace and automotive sectors.
Ai Build already works with several tier 1 automotive and motorsport manufacturers and has been selected to take part in the ATI Boeing Accelerator.
Daghan Cam, co-founder and CEO of Ai Build, said: “Even though 3D printing has come a long way, it is still extremely difficult to produce large, complex parts with the consistency required by the manufacturing industry.
“At present, parts that only take a few hours of printing time, take manufacturers weeks or months to prepare.
“Lack of automation is the barrier. To solve this problem, we use smart algorithms and data for maximum efficiency, reliability, and scalability.
“We are very excited and humbled to be backed by investors who share our vision to create the factories of the future.”
Mads Jensen, managing partner at SuperSeed, said: “Additive Manufacturing has the potential to change how things are made, and as the technology matures, there is an ever-growing demand for automating and optimising the process.”
Mads continued: “At SuperSeed, we back smart, technical founders who are looking to transform how business is done using technology, and that description fits. The Ai Build team perfectly. We are excited for the journey and potential ahead.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.