CHICAGO, October 6, 2015 /PRNewswire/ --
Greycroft leads the round with existing investors participating
Inventables announces a $5 million Series B funding round bringing their total capital raised to $10 million. This new capital will be used to expand their industry leading 3D Carving software and hardware platform to over one million users. The round was led by Greycroft with participation from True Ventures, Draper Associates, Corazon Capital, and Dundee Capital.
Inventables has made 3D Carving easy and affordable. The Easel cloud software is provided free of charge and delivered online at http://www.easel.com. The Carvey and X-Carve 3D carving machines integrate seamlessly giving the ability to make production quality parts in an office or studio.
"Bringing 3D carving to the cloud enables our customers to go directly from design to small-scale production with the push of a button," CEO and founder Zach Kaplan said. Kaplan anticipates doubling the size of the company by next year. Key hires include a VP of marketing and corporate controller, in addition to staffing up with mechanical, electrical, software engineers, and expanding the customer success team.
Inventables customers make thousands of products with their 3D carving machines. Independent manufacturers do small scale production runs of products like signs, guitars, furniture and jewelry. Creative professionals also use the 3D carving machines to prototype ideas before sending them out for larger scale manufacturing.
Carvey, which had the most successful 3D carving Kickstarter in 2014, will ship later this year. Keep up to date on the company's progress via the Inventables blog.
Inventables is igniting the digital manufacturing revolution with its 3D carving platform. Their Easel 3D design and control software is available free at http://www.easel.com. Easel works seamlessly with Inventables' Carvey and X-Carve 3D carving machines work seamlessly to power independent manufacturing.
Note to editors: High-res photos, video and more can be found at http://www.inventables.com/press