Mantle, a pioneer in precision metal 3D printing for tooling applications, has achieved a significant milestone with the successful closure of a $20 million Series C funding round. This latest investment, led by Schooner Capital and supported by existing investors including Fine Structure Ventures and Foundation Capital, brings Mantle’s total funding to over $61.5 million. This funding infusion is poised to accelerate Mantle’s expansion efforts and further advance its groundbreaking TrueShape™ technology platform.
Mantle’s TrueShape™ technology has already garnered acclaim for its ability to revolutionize industrial manufacturing processes, particularly in the realm of tooling production. By leveraging metal 3D printing, Mantle has enabled manufacturers to achieve remarkable cost reductions of up to 65% and slashed development cycles by as much as 90%. This transformative impact not only addresses the critical issue of skilled labor shortages but also propels the U.S. manufacturing sector towards greater efficiency and self-sufficiency.
Ted Sorom, CEO and Co-founder of Mantle, emphasized the pivotal role of their technology in meeting the escalating demand for advanced manufacturing solutions: “Our TrueShape™ platform represents a paradigm shift in tooling production, offering unmatched precision and efficiency. This funding round underscores confidence in our vision to redefine how tools are made, empowering manufacturers to innovate faster and more cost-effectively.”
The Series C funding will be instrumental in scaling Mantle’s manufacturing capabilities to meet burgeoning market demand and expanding its portfolio of materials and applications. Alexandra Manick, Principal of Schooner Capital, expressed optimism about Mantle’s trajectory: “Mantle is at the forefront of reshaping the tooling industry globally. Their technology not only addresses immediate market needs but also sets a new standard for manufacturing efficiency and sustainability.”
Editorial Opinion:
Mantle’s recent funding milestone marks a significant step towards solidifying its position as a leader in industrial innovation. The company’s focus on metal 3D printing for tooling applications aligns perfectly with the growing imperative for agile and cost-effective manufacturing solutions. With the global push towards reshoring and the ongoing challenges posed by labor shortages, Mantle’s technology stands poised to empower manufacturers with the tools they need to thrive in a competitive landscape.
By reducing dependency on traditional toolmaking processes and offering unparalleled speed and cost savings, Mantle not only addresses current industry bottlenecks but also anticipates future market demands. Their commitment to advancing TrueShape™ technology underscores a strategic vision that prioritizes sustainability and efficiency, positioning Mantle as a cornerstone of the next industrial revolution.
In conclusion, Mantle’s Series C funding not only signifies financial validation but also serves as a testament to the transformative potential of metal 3D printing in manufacturing. As the company continues to innovate and expand its footprint, it promises to usher in a new era of productivity and innovation for industrial sectors worldwide.
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