Bengaluru-based 3D printer maker Fracktal Works, has raised about Rs 19 crore ($3 million) from 1 Neoteric Technology Solutions, the subsidiary company of Neoteric Infomatique, one of the country’s largest IT distributors.
Fracktal Works was founded by Rohit Asil and Vijay Raghav Varada, engineering students from Manipal Institute of Technology, has bagged clients like Larsen and Toubro, when it developed a desktop 3D printer Julia. The startup claims that Julia is capable of printing models bigger than the MakerBot, printer, the world’s most popular 3D desktop printer.
julia-3d-printer-1Fracktal Works will use funds for future developments and R&D. They aim to focus on more niche verticals under 3D printing such as jewellery,dental and biomedical devices. Their other plans include getting more certifications, increasing their reach to more markets, outsourcing manufacturing and attending international expos.
Anup Nair, Head of Technology Solutions at Neoteric Infomatique Limited said,” We saw the potential in Fracktal as essentially a design focussed company with competencies around taking an idea or concept through all the stages right up productization.” He further added that the road map is exciting following initial success of Julia.
Rohit Asil ,co-founder, Fracktal said,”We sold a total of 40 printers last year. This year, we’re selling 40 printers within 3 months and we have bagged companies like Cisco and Omega elevators among others.”
Fracktal Works are responsible for the FDM-based Snowflake printer, and they also offer a pair of additional printers, one a stereolithographic technology device, and the other which prints in chocolate. The company also builds Project Cloud, an acetone refiner station, and a graphical touch screen printer controller as well as 3D printed biomedical devices.
Related Tags:Fracktal Works, Neoteric Technology Infomatique, Manipal Institute Technology, desktop 3D printer Julia