Software : Engineering : Machinery
We grew up surrounded by LEGO. Beyond the bricks were budding engineers dismantling VCRs, building life-size airplanes, and designing suspension bikes from the ground up. We eventually turned our childhood hobbies into lifelong careers and experienced firsthand the first generation of CAD software, from I-DEAS and Mechanical Desktop, to Catia and Pro-Engineer. Today the process to design, simulate, procure, and commission industrial equipment is complex and slow. It’s targeted towards a small group of experts and it limits widespread adoption. We envision a world where the process to build industrial equipment is as straightforward, and enjoyable, as building with LEGO. A world where you imagine your machine in the morning and build it in the afternoon. We are pioneering an industry where agility, speed and simplicity meet industrial automation. Our mission is to make machine design accessible to everyone by re-engineering the process of designing, simulating, procuring and commissioning industrial equipment.
Exponential Industry’s thoughts on CB Insights’ Advanced Manufacturing 50. Data lakes drive MLOps into manufacturing processes. 3D printing companies continue to merge.
Collaborative robot programming with MachineLogic
Vention closes a $95M USD Series C financing
Vention, the leading digital manufacturing automation platform (MAP), announced today the closing of US$95M in Series C financing, led by existing investor, Georgian. New investor Fidelity Investment Canada ULC (certain funds) also joined the round alongside existing investors White Star Capital, Bain Capital Ventures, and Bolt Ventures.
Proceeds from Series C financing will be used to grow Vention’s go-to-market, expand the company’s global distribution footprint, and accelerate the development of its hardware and software platform. The company expects to make some of those announcement’s public in September 2022 at its annual product launch event, Vention DemoDay.