Fractory raises $ 9 million to rethink manufacturing supply chain for metallurgy - TechCrunch
Summary
The manufacturing industry has been hit hard by the Covid-19 pandemic, but there are signs of how it is slowly starting to get back into shape – helped in part by new efforts to make factories more responsive to fluctuations of demand that accompany the ups and downs of the fight against changing economies, virus outbreaks and more. The challenge that Fractory solves is reminiscent of the one faced by many sectors where supply and demand are variable, a lot of fragmentation and generally an inefficient way of sourcing. Currently, Fractory’s platform can help fulfill orders for laser cutting and metal bending services, including jobs like CNC machining, and then looks into industrial additive 3D printing. One selling point that Fractory has pushed is that it generally aims to keep local manufacturing for the customer in order to reduce the logistics component of the carbon reduction job, although as the business grows it will be interesting to see how and if it adheres to this commitment. Its rapid adoption by customers is a clear and demonstrable return of the value Fractory brings to manufacturing supply chains with technology to automate and digitize an innovation-ready ecosystem, ”said Marcin Hejka in a communicated.