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3YOURMIND secures $5.5M in an ENV led Series A+ funding initiative

3YOURMIND secures $5.5M in an ENV led Series A+ funding initiative
3YOURMIND secures $5.5M in an ENV led Series A+ funding initiative

3YOURMIND has reportedly raised a sum of $5.5 million in an EnBW New Ventures led Series A+ funding round with AM Ventures, UVC Partners, Coparion, and TRUMPF Venture as the other participants. The round reportedly follows a procurement amount of €1.3 million investment from the Investitonsbank Berlin and the European Regional Development Fund that was secured the previous year.

According to Aleksander Ciszek, the Co-Founder and CEO of 3YOURMIND, the present macro situation compels companies to concentrate on supply chain resilience. He has further highlighted that the company’s clients benefit from its distributed manufacturing software, given the value generation from the enhanced flexibility in their supply networks. The company is glad to have ENV and its existing investors to support that vision, added Ciszek.

As per sources, 3YOURMIND’s software product is equipped to help additive manufacturers in the optimization of their workflows schedule jobs and tracking their progress in data evaluation and management, leading to the ultimate generation of significant cost and time savings. The broad array of the company’s software services has been effectively adopted by numerous industrial heavyweights, comprising Continental, GKN, and Volkswagen, add sources.

As of date, 3YOURMIND has already secured 50 partners in various industries and believes that this financing round will help in strengthening its position in the areas of automotive, energy, and aerospace. The company is also planning on the expansion of its operation in the United States and Europe, state sources.

Crispin Leick, the Managing Director at ENV, has highlighted that the promise of Industry 4.0 is highly dependent on the sector of Additive Manufacturing. He has further stated that the 3YOURMIND offering facilitates the easy implementation of AM into their production process, supporting the sustainability of several MRO (Maintenance, Repair, and Operations) and manufacturing applications. ENV is thrilled to make investment in a company like 3YOURMIND that is actively participating in shaping the future of manufacturing, added Leick.

 

Source Credits:

https://www.tctmagazine.com/additive-manufacturing-3d-printing-news/3yourmind-raises-5-5-million-in-series-a-funding-round/

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A qualified computer graduate, Bhushan Tambe always nurtured a passion for words. Post his education, he decided to transform his penchant of penning down poetry and stories into a full-time career. Presently, Bhushan writes numerous articles for cuereport.com and a few other websites, on subjects spanning business, finance, and the like.