Ai Build raises $8.5M Series A funding for additive manufacturing software
Additive manufacturing software startup, Ai Build, has raised a Series A round of $8.5 million led by IQ Capital, bringing the company’s funding to $13.5 million. Ai Build will use the funding to accelerate its product roadmap, allowing it to onboard more customers with higher automation and AI capabilities. Investment will also enable the opening of a subsidiary in the US, and continued European expansion.
It partners with major manufacturing firms, including Boeing, to expand the use of additive manufacturing in large-scale industrial applications, such as specialised tooling and end-use components in aerospace, automotive, and energy sectors. Customer benefits include a 65 percent decrease in failed production attempts and a 90 percent increase in overall build efficiency.
🛰️ QuadSAT Secures €9 Million Funding to Scale Up Operations and Expand Product Range
QuadSAT ApS has secured €9 million in funding. The Danish company is revolutionising the satellite industry by making it possible to accurately measure and calibrate antennas and satellite systems anywhere in the world. The funding round was led by IQ capital and supported by current investors, including the world’s leading space tech fund, Seraphim Space, Danish state Vækstfonden, and angel investors Torben Frigaard Rasmussen and Helge Munk.
QuadSAT’s unique testing solution provides a cost-effective, scalable and precise way to test antennas and satellite systems in operation, and anywhere in the world. This approach to testing has already attracted the attention of the satellite industry, helping QuadSAT to cement its position as a major player in the market. With the new funding, QuadSAT will be looking to recruit top talent, to expand its operations, and bring its technology to a wider customer base.