AI Capital, a Colorado-based venture capital firm investing in early growth stage enterprise AI software companies, is selling its portfolio company, Link3D, to Materialise just over a year after investing.
Based near Boulder, CO, Link3D offers additive manufacturing execution systems (MES) workflow software to help organisations scale their digital manufacturing strategy and workflows. Additive manufacturing (AM), commonly known as 3D printing, is poised for massive growth as manufacturing and supply chain management are reconfigured due to the Covid-19 pandemic. As global supply chains across industries were disrupted, the delivery of critical goods and services was severely impacted including parts for complex machinery such as valves for ventilators. AM was able to quickly produce these types of mission-critical parts to not only save business orders but save lives. Neville Teagarden, co-founder and Managing Partner of AI Capital stated, “The planned Link3D exit is a validation of AI Capital’s investment focus on applied AI software companies that focus on the digitalisation of society and business.”
Source: Private Equity Wire
