UPS Leads $48-Million Funding Round for 3D Printing Startup
April 19, 2019Comments
United Parcel Service (UPS), Atlanta, GA, recently led a $48-million series B funding round for 3D printing startup Fast Radius,Chicago, IL. UPS has been working with Fast Radius since early 2016 to link the companies’ resources, having participated in two previous rounds of funding for Fast Radius via the UPS Strategic Enterprise Fund.
"Additive manufacturing is increasingly becoming the logical direction for future supply chain strategies, blurring the lines between physical and virtual warehousing for products in many industries," Scott Price, chief strategy and transformation officer at UPS, says in a statement. "Fast Radius’ technology platform and additive manufacturing design processes are bringing the virtual warehouse vision to life for their customers, complementing UPS’ global time-definite logistics expertise."
See also: Fast Radius LLC
Technologies:
Comments
Must be logged in to post a comment. Sign in or Create an Account
There are no comments posted. Management
Wednesday, May 15, 2024
Tariffs Raised on Chinese Imports of EVs, Solar Panels, Batt...
Wednesday, May 15, 2024
Pressroom Automation
Tuesday, May 14, 2024
Cobot Family Offers Precision and Speed
Tuesday, May 14, 2024
Pressroom Automation
Monday, May 13, 2024
Remote, Web-Based Robot Control and Error Recovery
Monday, May 13, 2024