Astroprint closes $1m in funding from stanley venture and alma mundi ventures

AstroPrint closes $1M in funding from Stanley Enterprise and Alma Mundi Ventures

3D printing cloud platform AstroPrint has raised $1 million in funding contributed by Stanley Ventures, the VC arm of Stanley Black & Decker and fellow VC Alma Mundi Ventures.

The second spherical of fundraising for the corporate because it launched in 2013, the brand new capital takes the entire invested in AstroPrint to $2.1 million.

The cash might be used to assist construct AstroPrint’s world presence.

Drew Taylor, AstroPrint’s CEO, feedback, “Having received the religion and belief of VCs like Stanley Ventures and Alma Mundi Ventures tells us that we’re heading in the right direction to fill an vital hole within the additive manufacturing trade and so as to add large worth for corporations which are more and more world and multi-location.”

AstroPrint and Stanley Black & Decker

Headquartered in San Diego, California, AstroPrint is the developer of cloud primarily based software program options to assist function and monitor desktop 3D printers. For this objective, the corporate has produced a wide range of apps, i.e. the AstroPrint Platform, for cell units and computer systems, and the AstroBox, a tool enabling wi-fi management. The corporate is owned by 3D design market 3DaGoGo Inc. which was based by Taylor, CDO Joshua White and CTO Daniel Arroyo.

Following involvement within the STANLEY+Techstars Accelerator, AstroPrint partnered with Stanley Black & Decker in March 2019. On this settlement, the commercial software and family firm has built-in the AstroPrint Enterprise Cloud platform to assist automate and management in-house 3D printers used for software improvement amongst different functions.

AstroPrint’s cloud-enabled cell app. Picture by way of AstroPrint.

AstroPrint’s world plans

AstroPrint at the moment operates from three places, two within the U.S. (San Diego and Hartford, Connecticut) and one in Spain (Malaga). From these bases, the corporate serves over 95 thousand customers, in 130 nations. The plan now’s to develop and serve a broader consumer base. “The subsequent step for us is 2 fold,” explains Taylor.

“First, we need to assist present producers create smarter Additive Manufacturing networks to allow them to share and optimize sources inside their corporations.”

“Second, we need to establish industries and firms which are but to reap the benefits of 3D printing of their prototyping and testing processes, and assist them overcome the normal obstacles of distributed places and distant experience.”

Dina Routhier, Director at Stanley Ventures, provides, “Stanley Ventures is proud to be part of AstroPrint’s progress journey, and we’re assured that their Enterprise Cloud answer might be a recreation changer in Enterprise adoption of Additive Manufacturing.”

AstroPrint’s cloud-enabled ecosystem. Image via AstroPrint.AstroPrint’s cloud-enabled ecosystem. Picture by way of AstroPrint.

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Featured picture the AstroPrint desktop app. Picture by way of AstroPrint

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