Additive manufacturing company Fortify, which focuses on 3-D printing applications such as injection mold tooling inserts, has secured $20 million in equity funding it says it will use for materials development and to expand production.
Fortify invented Digital Composite Manufacturing (DCM), which combines proprietary systems for mixing and magnetic alignment with digital light processing to produce composite parts it says have better mechanical, thermal and electromagnetic properties. Fortify’s 3-D printer is called the Flux One.
Fortify was founded in 2016 in Boston.
“Fortify has been focused on proving the viability of our product and market opportunity over the past 18-plus months, and exceeded our goals set at the beginning of 2020,” Fortify CEO and co-founder Josh Martin said in a news release. “This next round will expand our go-to-market footprint in key verticals such as injection mold tooling while enabling us to capture market share in end-use electronic devices.”
The $20 million funding package was led by Cota Capital and included Accel Partners, Neotribe Ventures and Prelude Ventures.
Three free white papers on printing mold tools from Fortify are available at www.plasticsmachinerymanufacturing.com/whitepapers:
Best Practices for Designing, Preparing, and Operating with Fortify’s Injection Mold Tools
Case study: Medical Device Prototype Molding in 1 Week with Fortify’s 3-D printed mold tools
