Ai Build raises $1m to lead the manufacturing revolution
- Ai Build has raised $1m in a round led by SuperSeed, and is on a mission to revolutionise the manufacturing industry
- The company has developed AiSync, an AI powered SaaS platform that enables factories to deliver large-scale 3D printing at remarkable speed, such as car parts and aerospace components
- Ai Build is already working several tier 1 automotive and motorsport manufacturers, and has been selected to participate in the ATI Boeing Accelerator
- The additive manufacturing market is worth over $10 billion today and is expected to reach $34 billion by 2024
LONDON: Tuesday 9th February 2021
Ai Build has raised $1m in a funding round led by SuperSeed, a London based VC that specialises in Business Automation and Industry 4.0 investments. Also joining the round is William Tunstall-Pedoe, the British entrepreneur who was one of the inventors behind Alexa, Amazon’s voice assistant.
Since its software launch in 2020, Ai Build’s technology has been adopted by manufacturers in the automotive, aerospace and defence industries. The company’s initial customers include some of the largest automotive brands and Formula 1 teams. Ai Build was also recently selected to participate in the prestigious ATI Boeing Accelerator, and has started working with GKN Aerospace and Rolls-Royce alongside Boeing.
Ai Build’s solution has demonstrated considerable improvements for their customers, who have been able to achieve a 90% reduction in labour costs, and a 70% reduction in failed print attempts.
This investment will enable Ai Build to accelerate commercialisation of their technology to bring it to many more global tier 1 manufacturers in the aerospace and automotive sectors.
Daghan Cam, Co-Founder & CEO of Ai Build, said
“Even though 3D printing has come a long way, it is still extremely difficult to produce large, complex parts with the consistency required by the manufacturing industry. At present, parts that only take a few hours of printing time, take manufacturers weeks or months to prepare. Lack of automation is the barrier. To solve this problem, we use smart algorithms and data for maximum efficiency, reliability and scalability. We are very excited and humbled to be backed by investors who share our vision to create the factories of the future.”
Mads Jensen, Managing Partner at SuperSeed, said
“Daghan and his team at Ai Build are already doing business with some of the world’s leading automotive and industrial companies, but this is just the first step of what they can do. Additive Manufacturing has the potential to change how things are made, and as the technology matures, there is an ever-growing demand for automating and optimising the process. Ai Build is well positioned to capitalise on this opportunity based on the more than 5 years of R&D that has gone into the platform. At SuperSeed we back smart, technical founders who are looking to transform how business is done using technology, and that description fits the Ai Build team perfectly. We are excited for the journey and potential ahead”
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About Ai Build
Ai Build is a London based company providing a cloud platform (AiSync) as a service to automate the labour intensive Additive Manufacturing process by autonomous robotic path planning and computer vision. The company was founded in 2015 by Daghan Cam and Michail Desyllas, two architects with background in computational geometry and robotics. Ai Build’s technology is being used by manufacturers in Automotive, Aerospace and Defence industries to reduce costs, material waste and lead times on their large scale 3D printed parts such as composite tooling. Ai Build has recently signed partnerships with machine manufacturers including Kuka and Weber Additive to make AiSync the default Operating System for large-scale industrial 3D printing.
About SuperSeed SuperSeed backs ambitious, technical founders of B2B software companies and supports them in building global winners through a world class marketing & sales model. The London based VC fund was launched by Mads Jensen and Dan Bowyer in 2018. The team began investing in 2019, and has since backed 11 companies to date in areas of enterprise and industrial automation.