Stanford-StartX Fund has contributed to a $15m series B round for Fictiv, which also attracted commitments from Intel Capital and Bill Gates.
US-based virtual manufacturing software provider Fictiv closed a $15m series B round on Tuesday that featured the Stanford-StartX Fund, backed by Stanford University.
The round was led by Sinovation Ventures and also featured Intel Capital, the corporate venturing arm of chipmaker Intel, incubator Tandon Group, Accel, FJ Labs and private investor Bill Gates.
Fictiv runs a virtual manufacturing platform that combines digital workflow and collaboration tools with a global network of more than vetted manufacturers that handle requests ranging from local rapid prototyping to overseas production projects.
Fictiv will use the series B funding to develop tools that automate and optimise workflows, and to grow its manufacturer network.
The company has not disclosed details of any earlier financing but said the round took its total funding to $25m.
Dave Evans, chief executive and co-founder of Fictiv, said: “Fictiv is creating a new world order in which software is democratising access to fast, high quality manufacturing.
“We are thrilled to have these global investors on board, helping us reimagine manufacturing as more efficient and effective for both engineers and manufacturers.”
