# Castor Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/castor-technologies

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.3dcastor.com
- Total disclosed funding: $5.5M
- Latest round: Seed (Aug 16, 2021)
- Investors on record: 5

## About

Castor Technologies Ltd. is a software company that optimizes manufacturing processes through advanced CAD file analysis, enhancing efficiency and sustainability for low-volume production environments.Founded in 2017 by Elad Schiller and Omer Blaier, Castor Technologies Ltd. operates from its headquarters in Tel Aviv-Yafo, Israel. The company focuses on providing software solutions that streamline manufacturing operations. In August 2021, Castor raised USD 3.5 mn in a Seed funding round led by Xerox Corporation, with contributions from various investors. The total amount raised to date is USD 3.5 mn.Castor specializes in software solutions designed to optimize manufacturing processes through advanced analysis of CAD files and 2D technical drawings. Their primary offering is a cloud-based platform that identifies parts suitable for cost optimization in low-volume, high-mix production environments. The software employs algorithms that suggest alternative manufacturing methods, materials, and design modifications, ultimately aiming to reduce costs while improving efficiency and sustainability. Castor's clientele includes manufacturers across various industries, with notable customers such as Stanley Black & Decker, who have successfully benefited from their solutions. The software is marketed primarily in North America and Europe, targeting sectors looking to enhance their 3D printing and manufacturing capabilities.Castor generates revenue through subscription-based models, providing its software solutions to manufacturing firms seeking to optimize their production strategies. Clients typically engage in direct transactions, purchasing licenses for the software, which includes access to ongoing support and updates. The pricing structure varies based on the specific solutions and features selected, allowing companies to tailor their software experience to their unique operational needs. Key products include their flagship software for BOM optimization and supply chain resiliency, which enables users to analyze a large number of components simultaneously. This structured approach to transactions facilitates long-term partnerships with clients, ensuring consistent engagement and value realization in their manufacturing processes.In August 2021, Castor Technologies Ltd. raised USD 3.5 mn in Seed funding to accelerate its growth and address the needs of large enterprises. The company plans to utilize the funding for developing new software features and products aimed at expanding its existing offerings. Additionally, Castor aims to enter new markets in North America and Europe by the end of 2023, focusing on enhancing their software capabilities for 3D printing and manufacturing processes.

## Funding rounds

- Seed, Aug 16, 2021, $3.5M — Xerox Corporation, Evonik Venture Capital, Spring Ventures, TAU Ventures, Chartered Group
- Seed, Oct 24, 2019, $2M — Evonik Venture Capital, TAU Ventures, Chartered Group

## Investors

- Evonik Venture Capital (https://capitalatlas.ai/funds/evonik-venture-capital) — Seed
- TAU Ventures — Seed
- Chartered Group (https://capitalatlas.ai/funds/chartered-group) — Seed
- Xerox Corporation — Seed
- Spring Ventures — Seed