# Oqton

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oqton

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.oqton.com
- Total disclosed funding: $40M
- Latest round: Series A (Jan 14, 2021)
- Investors on record: 3

## About

Oqton, Inc. provides AI-driven software solutions designed for the manufacturing industry, optimizing processes such as additive manufacturing and 3D scanning to enhance operational efficiency and productivity.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 has raised a total of USD 180 mn across two deals, with the most recent funding round being a TRADE SALE.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. The company targets global markets, with notable engagement in North America, Europe, and Asia, ensuring a robust presence in regions where advanced manufacturing technologies are increasingly adopted.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. The structure of these transactions is designed to facilitate seamless adoption of their technologies, supporting customers in achieving their production goals while leveraging the full capabilities of Oqton’s software solutions.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.

## Funding rounds

- Series A, Jan 14, 2021, $40M — PMV, Fortino Capital, Sandvik Mining Systems

## Investors

- PMV (https://capitalatlas.ai/funds/pmv) — Series A
- Fortino Capital (https://capitalatlas.ai/funds/fortino-capital) — Series A
- Sandvik Mining Systems — Series A