AMFG Receives $8.5 Million in Funding Led by Intel Capital to Drive the Future of Fully Autonomous Manufacturing | So Good News
Austin, Texas–(Business Wire)–AMFG Corporation, a fast-growing manufacturing systems (MES) and workflow automation software for 3D printing, has secured $8.5 million in lead funding from Intel Capital to further advance their place in the next era of industrial transformation. As part of the recent fundraising, Intel Capital investor Jennifer Ard is joining AMFG’s board of directors. With this new funding, AMFG will continue to help companies expand their integrated manufacturing processes. AMFG’s position will further strengthen its position at the forefront of the autonomous manufacturing revolution.
“Additive manufacturing is moving from rapid prototyping to large-scale component production and is penetrating nearly every major manufacturing-centric industry, including automotive, industrial and consumer goods, healthcare, as well as aerospace and defense,” said Jennifer Ard. Managing Director and Head of Investment Operations at Intel Capital. “AMFG has become a way to help companies unlock the full potential of additive manufacturing to meet their needs. We are excited to be a part of Keyvan Karimi and his team’s journey.”
From cutting costs to accelerating production rates, the incremental impact of automation software over the past few decades has proven game-changing. 3D printing technologies in particular are rapidly infiltrating the manufacturing landscape.
Effective scaling of autonomous operations requires leading-edge software systems like AMFG to manage and optimize performance. As the industry’s leading provider of end-to-end workflow automation software; AMFG helps companies in various industries scale their autonomous 3D printing processes.
Fortune 500 company HP Inc. is partnering with AMFG to improve operations in its 3D printing business. “Efficient connectivity and easy access to system data is key to accelerating the journey to digital AM production. Our customers have more control over their AM operations; We’re excited to partner with AMFG to bring automation and visibility to our customers,” said Ryan Palmer, global head of software, data and automation, HP Personalization & Industrial Business.
“AMFG is the solution that best fits our needs for managing all our streams for Additive Manufacturing,” said Arnaud Cosson, Digital Workflow Engineer at Decathlon, a multinational sports retailer brand. “What the connectivity and openness of the platform allows us to do. Imagine a very powerful integration with our ecosystem.”
“Investing in an integrated MES was a natural step for us considering our 3D printed volume of thousands of parts per year,” explains Matthew Forrester, Additive Technical Manager at L’Oréal, the world’s leading cosmetics brand. “We chose AMFG for its great functionality and ability to customize to our needs.”
This financing for AMFG comes on the heels of a year of accomplishments. These include expanding into the US by establishing global headquarters in Austin, Texas, which gives the company a direct connection to the region’s dramatically changing manufacturing landscape, and making strategic hires to the growing AMFG team. With this funding, AMFG will advance its vision to pioneer the future path of autonomous manufacturing.
“AMFG’s solution is accelerating the industry-wide movement toward autonomous manufacturing for hundreds of companies worldwide. Through Intel Capital’s invaluable network and expertise, we will transform supply chains and product lifecycles and propel the autonomous revolution toward its bright future,” said AMFG Founder and CEO Keyvan Karimi.
AMFG is a leading provider of MES software for integrated manufacturing. The platform enables companies to streamline and manage their entire additive manufacturing workflow. smooth Machine learning technology is incorporated to deliver automated processes.