SAN DIEGO, July 20, 2021 /PRNewswire/ -- San Diego-based additive manufacturing startup Fabric8Labs today announced the close of a $19.3 million Series A financing round led by Intel Capital with syndicate partners including Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures, and Mark Cuban. The infusion of capital will enable Fabric8Labs to accelerate the commercialization of its novel manufacturing approach and to create new applications across multiple market verticals, including semiconductor packaging, electronics, medical, thermal management, and RF components.
Fabric8Labs, Inc., based in San Diego, California, is revolutionizing metal additive manufacturing with its advanced 3D printing technologies. Founded in 2015, the company is at the forefront of advanced manufacturing and is commercializing breakthroughs in material science and processing - reducing manufacturing costs and supporting significant advancements in material quality and manufacturing capabilities. Founded by two Forbes 30 under 30 entrepreneurs, Fabric8Labs is working to broaden the market for metal additive manufacturing across all industries. For more information visit Fabric8Labs.com.
As a publicly-traded company on the New York Stock Exchange, GE stock was one of the 30 components of the Dow Jones Industrial Average from 1907 to 2018, the longest continuous presence of any company on the index, and during this time the only company which was part of the original Dow Jones Industrial Index created in 1896. In August 2000, the company had a market capitalization of $601 billion, and was the most valuable company in the world. On June 26, 2018, the stock was removed from the index and replaced with Walgreens Boots Alliance. In the years leading to its removal, GE was the worst performing stock in the Dow, falling more than 55 percent year on year and more than 25 percent year to date. The company continued to lose value after being removed from the index.
All of these concerns can actually be remedied through the use of a reporting solution. Here at insightsoftware, we build industry leading reporting software solutions. Come and see how our KPI dashboards can help your company get ahead of the curve.
The use of working capital also improves. Expensive tooling for a long production run does not have to be procured and paid for before a single item is produced. This reduction of sunk costs extends to raw materials: the metal or polymer powder for a single build can easily be expensed, while potentially truckloads of raw metal or polymer compounds are a much costlier proposition for large batches that need to be run in mass production. Finally, the capital investment in additive manufacturing equipment is highly adaptable: it is a thing that can make many different things. In contrast, stampers, molds, and dies are tightly constrained and difficult or impossible to adapt as market conditions change. Thus, the finance and accounting organization will face new parameters, potentially related to flexibility as well as cost. These internal measures will eventually be judged by outside investors and analysts. Eventually, equity markets will expect new performance targets, so earnings guidance will evolve, putting pressure on traditional financial analysis and reporting.
According to the leading GHG Protocol corporate standard, a company's greenhouse gas emissions are classified into three scopes. Scope 1 and 2 are mandatory to report, whereas scope 3 is voluntary and the hardest to monitor. However, companies succeeding in reporting all three scopes will gain a sustainable competitive advantage.
Scope 3 emissions are all indirect emissions - not included in scope 2 - that occur in the value chain of the reporting company, including both upstream and downstream emissions. In other words, emissions are linked to the company's operations. According to GHG protocol, scope 3 emissions are separated into 15 categories.
Fuel and energy-related activities include emissions relating to the production of fuels and energy purchased and consumed by the reporting company, in the reporting year that is not included in scope 1 and 2.
Capital goods are final products that have an extended life and are used by the company to manufacture a product, provide a service or, store, sell and deliver merchandise. Examples of capital goods include buildings, vehicles, machinery. For purposes of accounting for scope 3 emissions, companies should not depreciate, discount, or amortize the emissions from the production of capital goods over time. Instead, companies should account for the total cradle-to-gate emissions of purchased capital goods in the year of acquisition (GHG protocol).
Back to the immediate 3D printing industry and how will the logo landscape change in the coming decade Is consolidation in the 3D printing sector on the horizon, a succession of IPOs and a SPAC frenzy have poured capital into the sector. How will this money be deployed, R&D time horizons to bring innovation and new 3D printing technology to market can be contrasted with the shorter time frame some investors demand. Executives under new pressure to show incremental improvements on a quarterly basis may feel the temptation to supplement the bottom line via acquisition. 3D Printing Industry will be bringing updated data on 3D printing patents to these pages soon, will additive manufacturing retain a top ten position
How can the additive manufacturing market be valued at $12 billion if SPAC activity in a recent 12 month period was over $11bn And the market capitalization of one company using additive manufacturing is three times greater than the 3D printing industry itself (Align Technology, NASDAQ: ALGN, market cap: $37.4 billion versus 3D Systems, NYSE: DDD, market cap: $2.2B)
Fora Financial is a tech-enabled lending platform offering flexible working capital solutions to small and medium-sized businesses in need of financing to sustain or grow their enterprise. The company places a high value on trust and transparency and provides businesses with quick, customized financial solutions utilizing its proprietary technology platforms. Founded in June 2008, Fora Financial has more than 200 employees who have provided nearly $2 billion to borrowers in all 50 states. The company operates out of New York, NY, Miami, FL, and Santa Ana, CA.
KITO LLC is an entrepreneurial fashion brand that specializes in creative design and production of unique shoe designs sold globally. The company plans to bring product manufacturing of their foam shoes in-house with investment in additive and injection molding equipment.
3D Parts Manufacturing LLC is a firm that offers engineering services, including the full range of production from prototypes through short run and mass production. They specialize in high-resolution additive manufactured plastics, flexible rubbers and metals. The company plans to purchase a new suite of industrial 3D printing technology to expand production volume and capacity.
With additive manufacturing, the cost of entry is still prohibitive to many organisations and, in particular, smaller businesses. The capital costs to purchase necessary equipment can be substantial and many manufacturers have already invested significant capital into the plant and equipment for their traditional operations. Making the switch is not necessarily an easy proposition and certainly not an inexpensive one. 59ce067264