MakeTime Receives $8 Million in Funding
The funding is led by Colorado-based Foundry Group along with the company鈥檚 initial investors.
Share
MakeTime (Lexington, Kentucky) has secured an additional $8 million of funding led by Boulder, Colorado-based Foundry Group with participation from Almaz Capital and Kentucky Science & Technology Corp. (KSTC).
The online platform enables qualified U.S. suppliers to monetize incremental capacity from idle machines by aggregating available hours across machine types.
“With this investment, MakeTime will advance its platform automation to help manufacturers bring more products to market,” says Drura Parrish, MakeTime founder and CEO. “We’re also focused on helping our customers transition their own operations to smart infrastructure to stay competitive. The backing of Foundry Group, together with our initial investors Almaz Capital and KSTC, fuels our mission to lead an industry shift in digital manufacturing.”
Related Content
-
Orthopedic Event Discusses Manufacturing Strategies
At the seminar, representatives from multiple companies discussed strategies for making orthopedic devices accurately and efficiently.
-
Inside the Premium Machine Shop Making Fasteners
AMPG can’t help but take risks — its management doesn’t know how to run machines. But these risks have enabled it to become a runaway success in its market.
-
Inside a CNC-Machined Gothic Monastery in Wyoming
An inside look into the Carmelite Monks of Wyoming, who are combining centuries-old Gothic architectural principles with modern CNC machining to build a monastery in the mountains of Wyoming.