3D printing cloud platform AstroPrint has raised $1 million in funding contributed by Stanley Ventures, the VC arm of Stanley Black & Decker and fellow VC Alma Mundi Ventures.
The second round of fundraising for the company since it launched in 2013, the new capital takes the total invested in AstroPrint to $2.1 million.
The money will be used to help build AstroPrint’s global presence.
Drew Taylor, AstroPrint’s CEO, comments, “Having won the faith and trust of VCs like Stanley Ventures and Alma Mundi Ventures tells us that we are on the right track to fill an important gap in the additive manufacturing industry and to add tremendous value for companies that are increasingly global and multi-location.”
AstroPrint and Stanley Black & Decker
Headquartered in San Diego, California, AstroPrint is the developer of cloud based software solutions to help operate and monitor desktop 3D printers. For this purpose, the company has produced a variety of apps, i.e. the AstroPrint Platform, for mobile devices and computers, and the AstroBox, a device enabling wireless control. The company is owned by 3D design marketplace 3DaGoGo Inc. which was founded by Taylor, CDO Joshua White and CTO Daniel Arroyo.
Following involvement in the STANLEY+Techstars Accelerator, AstroPrint partnered with Stanley Black & Decker in March 2019. In this agreement, the industrial tool and household hardware company has integrated the AstroPrint Enterprise Cloud platform to help automate and control in-house 3D printers used for tool development among other applications.
AstroPrint’s global plans
AstroPrint currently operates from three locations, two in the U.S. (San Diego and Hartford, Connecticut) and one in Spain (Malaga). From these bases, the company serves over 95 thousand users, in 130 countries. The plan now is to expand and serve a broader user base. “The next step for us is two fold,” explains Taylor.
“First, we want to help existing manufacturers create smarter Additive Manufacturing networks so they can share and optimize resources within their companies.”
“Second, we want to identify industries and companies that are yet to take advantage of 3D printing in their prototyping and testing processes, and help them overcome the traditional obstacles of distributed locations and remote expertise.”
Dina Routhier, Director at Stanley Ventures, adds, “Stanley Ventures is proud to be a part of AstroPrint’s growth journey, and we are confident that their Enterprise Cloud solution will be a game changer in Enterprise adoption of Additive Manufacturing.”
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Featured image shows the AstroPrint desktop app. Image via AstroPrint
