Vention, a next-generation digital manufacturing platform for custom factory equipment, announced the release of its second major platform upgrade since its founding in 2016. It also announced the completion of a $17M CAD Series A financing round led by Bain Capital Ventures.
Vention will accelerate the development of its cloud-based MachineBuilder 3D software and expand its modular hardware library.
Vention is focused on changing the way companies design and order custom equipment. Traditional design-to-build workflows for custom equipment take anywhere from one to six months, depending on the project’s complexity. Vention’s modular components and cloud platform can complete those same workflows in three days, including shipping (which is offered next-day throughout North America).
The new platform release focuses on user experience, integrating hundreds of new features such as smart part connections, comprehensive design collaboration tools, and a machine learning algorithm that predicts the next parts needed in a design. It also includes 200 new modular components that cover an array of use cases in automated equipment, robot cells, tooling, and conveyors applications.
Filed Under: TECHNOLOGIES + PRODUCTS, Machine tool industry + subtractive manufacturing, Software