About Fast Radius
Fast Radius focuses on advanced manufacturing, particularly in additive manufacturing (3D printing) and CNC machining, serving industries like robotics, automotive, and healthcare. Clients can obtain instant quotes and track their orders in real-time through an online dashboard, which enhances efficiency. The company's unique "microfactory" concept allows for small, efficient production units to be deployed close to the point of need, reducing lead times and costs. Fast Radius aims to make advanced manufacturing accessible to all while ensuring high-quality production.
Chicago, IllinoisHeadquarters
2017Year Founded
$63.5MTotal Funding
SPAC_IPOCompany Stage
Industrial & ManufacturingIndustries
11-50Employees
Benefits
Competitive compensation and bonus structure
Comprehensive health care including dental and vision
Generous vacation policy as well as a 401K plan
Risks
Acquisition by SyBridge Technologies may disrupt existing operations and client relationships.
Recent bankruptcy proceedings could impact Fast Radius's reputation and client trust.
Intensifying competition in additive manufacturing could erode Fast Radius's market share.
Differentiation
Fast Radius offers a unique Cloud Manufacturing Platform for integrated design and production.
The company utilizes microfactories to reduce lead times and manufacturing costs.
Fast Radius provides real-time tracking and instant quotes through an intuitive online dashboard.
Upsides
Growing demand for localized manufacturing boosts Fast Radius's microfactory model.
Advancements in AI-driven design tools enhance Fast Radius's online design platform.
Expansion of the global 3D printing market benefits Fast Radius's additive manufacturing services.
Funding
Total raised$63.52 M
Latest valuation$1.40 B
StageSPAC_IPO
SPAC IPO
6/30/2021$345
$1.40 BSERIES B
3/31/2019$48
$240.00 MSERIES A
10/31/2017$11
$55.00 MSEED
4/30/2016$2
$12.50 M