UPS Leads $48-Million Funding Round for 3D Printing Startup

April 19, 2019

United Parcel Service (UPS), Atlanta, GA, recently led a $48-million series B funding round for 3D printing startup Fast Radius,Chicago, IL. UPS has been working with Fast Radius since early 2016 to link the companies’ resources, having participated in two previous rounds of funding for Fast Radius via the UPS Strategic Enterprise Fund.

"Additive manufacturing is increasingly becoming the logical direction for future supply chain strategies, blurring the lines between physical and virtual warehousing for products in many industries," Scott Price, chief strategy and transformation officer at UPS, says in a statement. "Fast Radius’ technology platform and additive manufacturing design processes are bringing the virtual warehouse vision to life for their customers, complementing UPS’ global time-definite logistics expertise."


Industry-Related Terms: Additive manufacturing
View Glossary of 3D Metal Printing Terms

 

See also: Fast Radius LLC

Technologies: Applications

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