Portfolio Update: Fictiv
5 Things to Know About the Honeywell Ventures Investment
The future of manufacturing has arrived. Here’s a look at why Honeywell Ventures invested in Fictiv.
What is Fictiv: A Digital Manufacturing Ecosystem. It uses technology to streamline the entire manufacturing process from quote to delivery. This helps achieve speed and agility that is not typical of traditional manufacturing. Other cool aspects include the use of artificial intelligence (AI) and machine learning (ML) to streamline complex development workflows.
What does it offer: Custom manufactured parts on-demand, from prototype to production, helping companies innovate faster. Specific services include precision CNC machining, 3D printing, injection molding and urethane casting.
What the new funding supports: The Series D investment will be used to advance its cloud-based platform technology and invest in supply chain operations and network infrastructure.
Why Honeywell Ventures invested: A focus on digital transformation in manufacturing along with the ability to scale aligns with our businesses and enterprise approach.
Pandemic proof: In 2020, Fictiv was able to continue operations and double its revenue for CNC machining and 3D printing services.
More information is available on the Fictiv website.