London-based SaaS and Robotic startup Ai Build secures almost £1M to commercialise its technology
Ai Build is a London based company developing Artificial Intelligence and Robotic technologies for large scale additive manufacturing. It’s worth mentioning here that the term Additive manufacturing is the industrial production name for 3D printing.
Recently, the UK company has raised $1 million (approx £727K) in a funding round led by SuperSeed, a London based VC that specialises in Business Automation and Industry 4.0 investments.
The funding will enable the company to accelerate commercialisation of its technology to bring it to many more global Tier 1 manufacturers in the aerospace and automotive sectors.
The British entrepreneur, William Tunstall-Pedoe, who was one of the inventors behind Alexa, Amazon’s voice assistant, also participated.
Large-scale 3D printing at remarkable speed
Founded by Daghan Cam, and Michail Desyllas in 2015, Ai Build has developed AiSync, an AI-powered SaaS platform that enables factories to deliver large-scale 3D printing at remarkable speed, such as car parts and aerospace components.
Adopted in various industries like the automotive, aerospace, and defence industries, the company’s initial customers include automotive brands and Formula 1 teams.
The UK company got selected in the ATI Boeing Accelerator and has started working with GKN Aerospace and Rolls-Royce alongside Boeing.
Daghan Cam, Co-Founder & CEO of Ai Build, said “Even though 3D printing has come a long way, it is still extremely difficult to produce large, complex parts with the consistency required by the manufacturing industry. At present, parts that only take a few hours of printing time, take manufacturers weeks or months to prepare. Lack of automation is the barrier. To solve this problem, we use smart algorithms and data for maximum efficiency, reliability, and scalability. We are very excited and humbled to be backed by investors who share our vision to create the factories of the future.”
Mads Jensen, the Managing Partner at SuperSeed, said “Daghan and his team at Ai Build are already doing business with some of the world’s leading automotive and industrial companies, but this is just the first step of what they can do. Additive Manufacturing has the potential to change how things are made, and as the technology matures, there is an ever-growing demand for automating and optimising the process. Ai Build is well-positioned to capitalise on this opportunity based on the more than 5 years of R&D that has gone into the platform. At SuperSeed we back smart, technical founders who are looking to transform how business is done using technology, and that description fits the Ai Build team perfectly. We are excited for the journey and potential ahead”