Oqton
Latest round
- Series A
Last raised
- Jan 2021
Total raised
- $40M
Investors
- 3
About Oqton
Oqton, Inc.Founded in 2017, Oqton, Inc. is headquartered in San Francisco, US. The company specializes in AI-based software for manufacturing and was acquired by 3D Systems, Inc. in September 2021 for USD 180 mn. The founders are Robert Yusin and Samir Hanna, with Benjamin Schrauwen currently serving as CEO.Oqton specializes in AI-driven software solutions tailored for the manufacturing sector, focusing primarily on additive manufacturing, 3D scanning, and patient-specific design applications. Their core product, Manufacturing OS, enhances operational efficiency by automating workflows, improving machine utilization, and ensuring traceability and scalability tailored to diverse production setups. Another significant offering, 3DXpert, is an integrated software that facilitates the entire 3D printing process, from design to production, enabling companies to prepare, optimize, and print high-quality parts rapidly. Oqton serves a wide array of industries, including aerospace, energy, and medical sectors, with clients such as Baker Hughes and Cummins utilizing their technology to streamline operations and reduce production times.Oqton generates revenue through a combination of software licensing and partnership agreements with clients across various industries. The company’s business model primarily involves B2B transactions, providing subscription-based access to its flagship products such as Manufacturing OS and 3DXpert. These offerings enable businesses to enhance their additive manufacturing capabilities, with clients benefiting from intelligent automation and improved operational efficiencies. Oqton’s customers may engage in multi-year contracts that encompass software updates, support services, and integration assistance, promoting long-term relationships and recurring revenue streams.Oqton plans to expand its product offerings and enter new markets following its acquisition by 3D Systems, Inc. The company is focusing on optimizing its software solutions for digital manufacturing systems, which is expected to enhance their existing portfolio. The recent acquisition, valued at USD 180 mn, will help support these initiatives, with an anticipated closure in Q4 2021. Oqton's strategy includes targeting specific geographic regions for expansion, with ongoing efforts in North America, Europe, and Asia, where demand for advanced manufacturing technologies continues to grow.
Who invested in Oqton
3 investors across 1 round
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Funding rounds
Series A
Jan 14, 2021
Amount
$40M
Investors
Questions about Oqton
Who invested in Oqton?
Oqton has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Oqton raised?
Oqton has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Oqton last raise money?
Oqton's most recent round on record is a Series A, in Jan 2021.
What does Oqton do?
Oqton is a software company.
Where is Oqton headquartered?
Oqton is headquartered in San Francisco, US.
Which VCs invest in companies like Oqton?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Oqton's stage. Their profiles are linked below.
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