Cloud-Based Contract Manufacturing Gets New Money

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By Ryan Martin | 1Q 2019 | IN-5438

 

Cloud-Based Contract Manufacturing

NEWS


Cloud-based contract manufacturing just got a boost. Fictiv, a savvy California startup looking to transform hardware manufacturing, closed a US$33 million Series C funding round—more than double its previous bench—for a total investment of US$58 million to date. The latest round will be used to accelerate the company’s effort to digitalize and automate the manufacturing workflow.

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IMPACT


Every company wants to bring products to market faster, but not every company has the bandwidth and resources to pull it off. Some struggle with output quantity; others struggle to hit quality benchmarks. This is where contract manufacturing comes in.

Contract manufacturing reduces the resources required for supply chain management, lowers barriers to entry, and sp...

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