Fictiv Receives $100 Million Investment to Improve Uber for Industrial Production

Fictiv is a Digital manufacturer’ Community that uses its digital platform and worldwide partnerships to create unique mechanical components at unparalleled rates. 

Fictiv has secured another $100 million to expand its platform for connecting mechanical equipment producers with clients.

Fictiv has produced over 12 million parts for early-stage firms and major corporations in the launch of new products over the last six years, helping them to adapt to mobility, expedite production schedules, and boost distribution network reliability.

The outsourcing supplier has secured an additional $100 million to expand its service for connecting mechanical equipment producers with businesses. On one hand, the service facilitates the purchasing and procuring procedures for designers at good businesses, whereas on the other hand, it helps fill spare production capabilities.

Fictiv plans to make investments in technologies to enhance the experience for professionals presenting proposals, expand throughout the United States, China, and India, and enhance smart technology by taking into consideration various aspects of manufacturing, production, and sustainability.

What is Fictiv?

Fictiv is a bespoke production operations platform that makes sourcing and supplying custom parts quicker, simpler, and more profitable.

Fictiv exists to help brand designers create new products. In 2013, the creators, Dave and Nathan Evans firsthand observed a fundamental hurdle limiting new technological development: customized part procurement. For industrial organizations, sourcing parts through a decentralized environment of distributors was a major cause of stress and commercial risk.

The method of selecting and screening potential suppliers, getting quotations, and maintaining track of orders among hundreds or thousands of low-volume vendors was slow, unproductive, and riddled with misunderstandings, setbacks, and errors, putting go-to-market timetables in danger. As a result, Fictiv was formed as a solution to this challenge.

The intelligent operating system, backed up by best-in-class program managers, facilitates a global network of professionally authorized and supervised collaborators for quick, high-quality manufacture from bid to shipment.

Thousands of businesses have used Fictiv to optimize their unique part purchasing operations, freeing up capacity for innovative technology and revolutionizing how the next wave of devices is planned, manufactured, and deployed.

Fictiv Funding and Finance

Fictiv has garnered $192.6 million in financing over five rounds. On May 5, 2022, they acquired a Series E round of capital. Fictiv is financed by a group of 20 investors.

The most prominent partners are Angeleno Partners and Standard Ventures. According to PrivCo, Fictiv has a post-money capitalization of $500M to $1B as of May 5, 2022. 

The Benefits of Choosing Fictiv

Fictiv provides access to a broad range of possibilities via a single, simple platform, enabling you to spend less time obtaining components and much more time on innovative thinking.

Get Pricing Advice Right Away

No more waiting days or weeks for estimates. Fictiv provides quotations for difficult parts instantaneously or within a single hour.

Smart DFM can help you optimize your solutions.

Fictiv will assess the machinability of your parts, providing you with full transparency into the costing system and any manufacturing hazards.

Examine your items prior to delivery.

Get real-time production project status for your shipments, as well as access to part images and certification statistics before they arrive.

Fictiv finds thoroughly vetted producers who meet your requirements for procedures, lead times, reliability, and scalability. In both local and international locations, all orders are subjected to Fictiv’s ISO-9001 certified quality management procedure.

Conclusion

Fictiv has produced over 12 million parts for early-stage firms and major corporations in the launch of new products over the last six years, helping them to adapt to mobility, expedite production schedules, and boost distribution network reliability.

Fictiv provides access to a broad range of possibilities via a single, simple platform, enabling you to spend less time obtaining components and much more time on innovative thinking. 

FAQs

What is Fictiv?

Fictiv is a Digital Manufacturers Community that uses its digital platform and worldwide partnerships to create unique mechanical components at unparalleled rates.

How many parts has Fictiv produced?

Fictiv has produced over 12 million parts for early-stage firms and major corporations.

Who founded Fictiv?

Dave and Nathan Evans established Fictiv in 2013.

How much money has Fictiv raised till now?

Fictiv has garnered $192.6 million in financing over five rounds.

What is the valuation that the company got?

According to PrivCo, Fictiv has a post-money capitalization of $500M to $1B as of May 5, 2022.

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