# Fast Radius

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fast-radius

- Industry: Industrial Machinery
- Headquarters: Chicago, US
- Website: http://www.fastradius.com
- Total disclosed funding: $57M
- Latest round: Series B (Jul 17, 2019)
- Investors on record: 7

## About

Founded in 2015 and based in Illinois, US, Fast Radius, Inc. operates as a provider of additive manufacturing services. The company was founded by its CEO Lou Rassey, alongside Pat McCusker, Bill King, and John Nanry. The company has raised a total funding of USD 5 million from investors including United Parcel Service (UPS), Skydeck, Jump Capital, Hyde Park Venture Partners and Drive Capital. The company has 115 employees. 

The company's product is Cloud Manufacturing Platform™, a software that provides specific solutions for external users and internal operations by analyzing the data about specific parts it is creating to develop and make new products using cutting-edge technology. It also offers Virtual Warehouse, a software that allows the management of various parts within a cloud environment. The company offers solutions including active manufacturing, CNC machining, injection molding and urethane casting.

The company's revenue is generated by the sales of its core product Cloud Manufacturing Platform™ to various organizations such as Satair, Aotiv, and Curtiss. The company generates USD 28.19 million in sales.

The company will become a public company through a merger and plans to use the proceeds to support its continued growth across customer acquisition, software development, and micro-factory expansion.

## Funding rounds

- Series B, Jul 17, 2019, $0.5M — Drive Capital, Jump Capital, Alumni Ventures Group, UPS Ventures, Berkeley SkyDeck Fund
- Series B, Mar 21, 2019, $48M — Hyde Park Venture Partners, Drive Capital, Jump Capital, UPS Ventures, Berkeley SkyDeck Fund
- Series A, Nov 13, 2017, $8.8M — Hyde Park Venture Partners, Drive Capital, Jump Capital, Tech Square Ventures, UPS Ventures

## Investors

- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Series A, Series B
- Drive Capital (https://capitalatlas.ai/funds/drive-capital) — Series A, Series B
- Jump Capital (https://capitalatlas.ai/funds/jump-capital) — Series A, Series B
- Tech Square Ventures (https://capitalatlas.ai/funds/tech-square-ventures) — Series A
- UPS Ventures — Series A, Series B
- Berkeley SkyDeck Fund (https://capitalatlas.ai/funds/berkeley-skydeck-fund) — Series B
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series B