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January 18, 2021 // By Nick Flaherty
Oqton in Ghent, Belgium, has raised $40m (€33m) to expand its AI-based manufacturing software in 3D printing, robotic welding and CNC machining.
Oqton combines several manufacturing software capabilities such as CAD, PLM, CAM, IOT, MES, QMS into a single platform. This opens up AI and machine learning automation and optimization so that users can automatically capture expert knowledge and eliminate repetitive tasks, access technologies remotely and across multiple sites, and optimize production planning to improve utilization and quality.
The Series A round was led by b2B software specialist Fortino Capital with PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.