AstroPrint Secures Second Round of Funding to Expand Business and Enterprise Solutions

By Drew Taylor | AstroPrint

We’ve just concluded a very successful second funding round where AstroPrint raised a total of $1M from two prominent VCs: Stanley Ventures and Alma Mundi Ventures. With this new investment, AstroPrint has raised a total of $2.1M, and we are now poised to grow our 3D printing cloud solution that already serves over 95k users from 130 countries.

Who are the Investors?
Stanley Ventures
is the venture capital arm of Fortune 500 company Stanley Black & Decker. Stanley Ventures has invested in several companies in the additive manufacturing space, including an investment in a new Selective Thermoplastic Electrophotographic Process (STEP) 3D printing technology.

Alma Mundi Ventures is a tech venture fund based in Madrid with investors in Palo Alto, New York, London, Paris, Barcelona, and Madrid, orchestrating a global network of over 500 members in 41 cities worldwide. Their investments are primarily global tech startups in the United States and in Europe.

Investing in the Future
Moving forward, AstroPrint will be rapidly growing to further enhance our business and enterprise solutions, and scale our presence around the world.

Enhancing AstroPrint Enterprise Cloud
AstroPrint is now ready to offer the AstroPrint Enterprise Cloud to other companies. Recently emerging from the STANLEY+Techstars Accelerator which is jointly run by Stanley Black & Decker and worldwide entrepreneurship network Techstars, AstroPrint is deploying the AstroPrint Enterprise Cloud platform across multiple Stanley Black & Decker facilities. The next step is to offer the Enterprise Cloud solution to other companies that also need distributed Additive Manufacturing abilities and would benefit from data-driven optimization of their Additive Manufacturing operations.

You can read more about our partnership with Stanley Black & Decker here. With AstroPrint Enterprise Cloud, any company can now connect, control, and optimize fleets of 3D printers across multiple facilities, and remotely automate their systems and workflows to share and optimize resources based on usage and productivity data analysis.

Scaling Worldwide Presence
Building on the offices in San Diego (USA) and Malaga (Spain), AstroPrint has also opened an office in Hartford, Connecticut to better serve customers in New York, Connecticut, Massachusetts, and the rest of the Northeast United States, where a high concentration of additive manufacturing operators are located.

“Stanley Ventures is proud to be a part of AstroPrint’s growth journey, and we are confident that their Enterprise Cloud solution will be a game changer in Enterprise adoption of Additive Manufacturing. We are investing in the best and brightest prospects in Additive Manufacturing as we see the potential for it to dramatically revolutionize the way companies test, prototype, and even fully manufacture products in a faster, cheaper, and more sustainable way than we do today,” commented Dina Routhier, Director at Stanley Ventures.

“Having won the faith and trust of VCs like Stanley Ventures and Alma Mundi Ventures tells us that we are on the right track to fill an important gap in the additive manufacturing industry and to add tremendous value for companies that are increasingly global and multi-location,” said Drew Taylor, CEO AstroPrint.

“The next step for us is two fold: First, we want to help existing manufacturers create smarter Additive Manufacturing networks so they can share and optimize resources within their companies. Second, we want to identify industries and companies that are yet to take advantage of 3D printing in their prototyping and testing processes, and help them overcome the traditional obstacles of distributed locations and remote expertise,” Drew adds.

AstroPrint Enterprise Cloud is now available for organizations who want to connect, control, and optimize their 3D Printer fleets.

Reach out to us if you have any questions!

In the meantime, Happy Printing!

About AstroPrint
AstroPrint is a venture-backed company with offices in Hartford, San Diego, and Malaga (Spain), and is the fastest growing cloud (IoT) platform in the Additive Manufacturing industry. AstroPrint has processed over 1.6M 3D Prints from 90K+ users. AstroPrint’s cloud-based platform simplifies 3D Printing control, networking, and optimization processes for business and enterprises, as well as enthusiast end-users.

Source: AstroPrint

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