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Euler Raises €2 Million to Make 3D Printing Faster, Smarter, and More Reliable

Prime Highlights:

  • Euler raises €2 million in seed funding to expand its 3D printing platform.
  • The platform helps manufacturers reduce defects, save time, and produce better parts, making 3D printing more reliable.

Key Facts:

  • The company reported a 77% reduction in time lost on failed prints and over 20% revenue growth for customers.
  • Customers include Alloyed, KMWE, and research organizations such as the Danish Technological Institute.

Background:

Iceland-based startup Euler has raised €2 million in seed funding from Frumtak Ventures and Kvanted. The money will help the company improve its 3D printing platform.

Euler stops problems in 3D printing that have slowed its use in industries like aerospace and defense. Its system watches prints as they happen, saving time, cutting waste, and making better parts. This could help 3D printing be used more widely in factories by making it faster and more reliable.

Dr Eythor Runar Eiriksson, co-founder and CEO of Euler, said that 3D printing still faces challenges with cost, scale, and quality, and this funding will help the company expand and make the technology more dependable for production.

A spinout of the Technical University of Denmark, Euler integrates its system with leading 3D printers using existing camera data, eliminating the need for additional hardware. The company has reported a 77% drop in time lost on failed prints and more than a 20% revenue increase for customers, including Alloyed, KMWE, and research groups like the Danish Technological Institute.

The new funding will help Euler grow its team, develop its products, and expand the platform. The company is also protecting its technology with trademarks and three patent applications.

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