Bengaluru-based 3D printing and digital manufacturing company Fracktal Works Pvt. Ltd has raised an undisclosed amount in a pre-Series A round from Hyderabad Angels.
The company will use the fresh capital to build advanced 3D printers, besides launching an online service platform, Fractory, which would give access to its new-age manufacturing technologies, a top company executive told VCCircle.
Fractory will bring the processes involved in prototyping and production orders under one 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. “Customers can choose to get their parts manufactured from various 3D printing and metal CNC technologies,” said Rohit Asil, co-founder, Fracktal.
“We believe, Fracktal Works' disruptive technology will help lower manufacturing costs and increase efficiency,” said G Ram Chaitanya Reddy, vice-chairman, Hyderabad Angels.
Fracktal Works was founded in 2013 by Manipal Institute of Technology alumni Vijay Varada and Asil.
The startup delivers low-volume manufacturing capabilities to its customers leveraging on its digital manufacturing back-end. It is currently working with manufacturing giants across industry verticals, researching and developing disruptive applications, which would give game-changing advantage for its clients.
The company’s most recent 3D printer, Julia+, is an upgraded version of its flagship desktop 3D printer, Julia. “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 added.
The company had previously raised an undisclosed amount from 1 Neoteric Technology Solutions, the subsidiary of IT distribution company Neoteric Infomatique.
Fracktal has offered customised services to many clients, including Cisco, Toshiba, and L&T.
The concept of 3D printing is slowly gaining momentum in India with a number of startups successfully raising venture capital investments.
In January, additive manufacturing 3D printing startup Supercraft3D had raised $1 million in seed funding from Flipkart founder Binny Bansal and four other angel investors. The Bengaluru-based startup, founded in early 2016 and operated by Supercraft3D Wellness Pvt Ltd, provides visualisation solutions to help hospitals, doctors and academicians get a better understanding of anatomy.
Bansal has also invested in biotech-based 3D printing firm Pandorum Technologies. Other Indian startups in this space include Brahma 3, Cycloid, Altem Technologies, Imaginarium India, and 3DPD.