Fracktal Works Pvt. Ltd. is a Bengaluru – based 3D printing startup. The startup announced yesterday (12/12/2017) that it has raised an undisclosed amount of Pre Series funding from the VC firm, Hyderabad Angels. The startup will use the funds to build advanced 3D printers and to launch an online service platform, Fractory, which would give access to its new-age manufacturing technologies. Fractory will bring the processes involved in prototyping and production orders under a single platform. It will use learning algorithms to analyse manufacturability, build instant quotations and lead times for every data points uploaded by the user and deliver repeatable results. Read more on Investments
“We believe, Fracktal Works’ disruptive technology will help lower manufacturing costs and increase efficiency”, said G Ram Chaitanya Reddy, vice-chairman of Hyderabad Angels.
Fracktal Works was founded in 2013 by Manipal Institute of Technology alumni, Vijay Varada and Asil. The startup is currently working with manufacturing giants across India to develop disruptive and advanced applications which would give a game-changing advantage to its clients.
“The goal is to lower the barrier to integrate these technologies into existing product development and manufacturing processes, and realize the potential to add immense value to various industries or disrupt them altogether”, Varada said.
Prior to this round of funding, Fracktal Works had raised an undisclosed amount of seed funding from Neoteric Technology Solutions. Currently, Cisco, Toshiba, and L&T are Fracktal Works’s clients. It offers customized services to them.
The other 3D printing startups to get funded this year (2017) include the 3D printing startup, CloneMe, which raised an undisclosed amount of seed funding from IAN during December 2016. The 3D printing startup, Supercraft3D, had raised US $1 million in seed round of funding from Flipkart during July 2016. The 3D printing startup, Pandorum Technologies, raised an undisclosed amount of seed funding from Flipkart during June 2016 just to name a few. Read more on Startup News