LAFAYETTE Materialise NV, a Dutch 3D printing company, has agreed to acquire Link3D Inc., a Lafayette-based manufacturing workflow management software company.
Link3D was a portfolio company of venture-capital firm AI Capital, which held its investment for a little more than a year.
“The planned Link3D exit is a validation of AI Capital’s investment focus on applied AI software companies that focus on the digitization of society and business,” AI Capital managing partner Neville Teagarden said in a prepared statement.
Terms of the sale were not disclosed.
“Our investment thesis didn’t waver during the pandemic; in fact, it was strengthened as COVID exposed the severe shortcomings in how businesses access and deliver critical goods and services,” Teagarden said. “Our experience and astute advisory team enabled us to quickly identify the severe limitations in legacy software that underpins how these goods and services are delivered and how that impacts businesses
Materialise Buys Link3D from AI Capital
Materialise has acquired
Link3D from
AI Capital, a Colorado-based venture capital firm investing in early growth stage enterprise AI software companies,
Based near Boulder, CO Link3D offers additive manufacturing execution systems workflow software to help organizations scale their digital manufacturing strategy and workflows. Additive manufacturing is commonly known as 3D printing.
Neville Teagarden, co-founder and managing partner of AI Capital, stated, “The planned Link3D exit is a validation of AI Capital’s investment focus on applied AI software companies that focus on the digitization of society and business. Our investment thesis didn’t waver during the pandemic; in fact, it was strengthened as COVID exposed the severe shortcomings in how businesses access and deliver critical goods and services. Our experience and astute advisory team enabled us to quickly identify the severe limitations in legacy software that underpins
9 hours ago
DENVER–(BUSINESS WIRE)–AI Capital, a Colorado-based venture capital firm investing in early growth stage enterprise AI software companies, announced the planned sale of one of its portfolio companies, Link3D, to Materialise just over a year after investing. Alongside the exit, the firm has closed its North America (NA) Fund I and is now launching NA Fund II. The firm expects to launch its European Union (EU) Fund I later in the year.
Based near Boulder, CO Link3D offers additive manufacturing execution systems (MES) workflow software to help organizations scale their digital manufacturing strategy and workflows. Additive manufacturing (AM), commonly known as 3D printing, is poised for massive growth as manufacturing and supply chain management are reconfigured due to the COVID-19 pandemic. As global supply chains across industries were disrupted, the delivery of critical goods and services was severely impacted including parts for com