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HomeFunding PA-based Formlogic Secures $20Million in Funding

[Funding alert] PA-based Formlogic Secures $20Million in Funding

PA-based Formlogic Secures $20Million in Funding. The company plans to increase operations further and buy additional CNC machines using the money.

PA-based Formlogic Secures $20Million in Funding. The company plans to increase operations further and buy additional CNC machines using the money.

Formlogic Corporation, under the direction of CEO Paul Sutter, offers space companies autonomous precision manufacturing services.

Read also – NYC-based Coalesce Capital Secures $900Million inaugural Funding

The company has developed software that does the simulations required to produce effectively, replacing the guess-and-check process typically done by an experienced worker. This is achieved through a combination of remote AI-based planning and autonomous manufacturing.

Its adaptable production lines enable the aerospace, medical, and semiconductor industries to obtain near tolerances and quick product turnover at scale by producing high-mix, high-precision parts at enterprise size.

Read also – NYC-based Riverside Secures RAC Riverside Acceleration Capital Opportunity Fund II, L.P. at $235Million

About Formlogic

Two Sigma Ventures and 8VC led the $50 million fundraising effort for Formlogic, which also received direct vendor financing from DMG Mori and Grob Systems. They take great pride in having investors who are innovators, operators, and investors in cutting-edge businesses.

Read also – TX-based Trinity Hunt Partners Secures its Fund VII, at $700Million Funding

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