Fast Radius raises USD48M in a Series B funding round

Image: www.fastradius.com

Fast Radius, a leading manufacturing technology company, has announced recently that they raised USD48 M in a Series B funding round led by UPS. Fast Radius will use the funds to continue to scale up its global manufacturing footprint as well as its software development, application engineering, and sales teams. Fast Radius is headquartered in Chicago, with offices in Atlanta, GA, and Singapore, as well as a production hub on-site at the UPS Worldport facility in Louisville, KY.

Fast Radius’ technology platform and manufacturing footprint help customers bring new products and supply chain models to market that are uniquely enabled by additive manufacturing (“3D printing”). The Fast Radius software platform, also known as the Fast Radius Operating System (“FROS”), supports customers across the product lifecycle. The platform helps customers identify potential applications, conduct engineering, and economic evaluations, accelerate new product development, and ultimately manufacture industrial-grade parts in Fast Radius factories at scale with the latest additive technologies.