Ai Build, a London, UK-based SaaS company aims to eliminate all inefficiencies caused by human error in order to make the manufacturing process simpler, more intelligent, sustainable, and cost-effective, raised $8.5 million in Series A funding.
The round was led by IQ Capital, with participation from Nikon and existing investors Superseed, ACT Venture Partners, Atlas Ventures (UK), and Seedcamp.
IQ Capital is a deep-tech early-stage VC investing in companies capable of dominating global markets, focused on breakthrough technologies in computer science, energy, life sciences, fintech, space, and advanced engineering.
Ai Build Use of Funds
The company will use the funds to accelerate its product roadmap and expand its presence in North America and Europe.
About Ai Build
Founded in 2015 by Daghan Cam and Michail Desyllas, Ai Build is a company developing artificial intelligence and robotic technologies for large-scale additive manufacturing. Ai Build offers a cloud-based solution designed to reduce costs, lead times, and material waste in additive manufacturing processes, partnering with major manufacturing firms to expand the use of additive manufacturing in large-scale industrial applications.
Company: Ai Build, Ltd.
Round: Series A
Funding Month: October 2023
Lead Investors: IQ Capital
Additional Investors: Nikon, Superseed, ACT Venture Partners, Atlas Ventures (UK), and Seedcamp
Company Website: https://ai-build.com/
Software Category: Additive Manufacturing Software