By StartupChi Team | August 2, 2024

Introduction

Inventables, a pioneer in the 3D carving industry, has announced a funding round raising $11,059,084, bringing its total funding to $32,559,084. This latest investment signifies not only a vote of confidence in the company’s innovative technology but also a strategic move to enhance its mission of making 3D carving accessible to businesses and hobbyists alike.

Background

Founded by a group of passionate engineers and designers, Inventables began its journey with a vision to transform the world of creative manufacturing. The company offers a powerful suite of machines, intuitive software, and unique materials, catering to both the e-commerce and hardware sectors. By addressing challenges like complexity and cost in traditional manufacturing processes, Inventables positions itself as a leader in the $4 billion 3D printing market.

Funding Details

The latest funding round marks the sixth in Inventables’ history, a testament to its sustained growth and innovation. Although details about the lead investors have not been disclosed, this capital infusion will drive further advancements in the company’s offerings and wider market penetration.

Competitive Landscape

In a marketplace swelling with competitors like Glowforge and CarveWright, Inventables distinguishes itself through the seamless integration of software and hardware, making it easier for users to bring their creative visions to life. With a revenue stream estimated between $1M to $10M, Inventables is well-poised to capture a larger audience in both commercial and hobbyist segments.

Future Plans

This fresh capital will fuel Inventables’ ambitions for product development and team growth, as well as support plans for expansion into new geographic markets. The company aims to enhance its product features further and expand customer access to its innovative technology—setting the stage for what promises to be an exciting chapter in its journey.

Conclusion

As Inventables steps forward with this latest funding event, the company is equipped to reinforce its position in the competitive 3D carving landscape. For more information on their groundbreaking products, visit Inventables.

Venture Round – Inventables:

• Organization Name: Inventables
• Organization Description: Inventables is a 3D carving company offers a powerful machine, intuitive software and unique materials.
• Website: www.inventables.com
• Funding Type: Venture – Series Unknown
• Funding Round: Venture Round – Inventables
• Money Raised: $11,059,084
• Announced Date: Aug 2, 2024
• Funding Stage: —
• Pre-Money Valuation: —
• Equity-Only Funding: Yes
• Industries: E-Commerce, Hardware, Manufacturing, Software
• Revenue: $1M to $10M
• Total Funding: $32,559,084
• Funding Status: —
• Number of Funding Rounds: 6
• Lead Investor: —
• Investors: —, , ,
• Number of Investors: —
• Number of Partner Investors: —