Fortify raises a $20M Series B for its composite manufacturing 3D printer
https://techcrunch.com/2021/03/18/fortify-raises-a-20m-series-b-for-its-composite-manufacturing-3d-printer/
There’s been quite a bit of movement in the additive manufacturing space in recent months. If I had to pinpoint a reason, I would say that — much like robotics (another space I follow fairly closely) — the category has gotten a boost in interest from the pandemic. Medical applications are understandably of interest lately, as is alternative manufacturing.
Desktop Metal, Markforged and new-comer Mantel have all made pretty big announcements in recent weeks, and now Fortify is making the round with a significant raise. The Boston-based startup announced a $20 million Series B equity round, led by Cota Capital with additional participation from Accel Partners, Neotribe Ventures and Prelude Ventures.