🖨️ Metafold Secures $1.78M To Advance Mass Adoption of Industrial 3D Printing
Metafold, the only provider of a cloud- and API-based 3D engineering platform, today announced it has raised $1.78 million USD in seed funding to advance the mass adoption of industrial 3D printing, with sustainability at the forefront of its mission. 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 relies on every engineer having access to an expensive, high-performance workstation. Meanwhile, 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 has prevented wide usage and adoption of 3D printing for production applications.