UPS Leads $48-Million Funding Round for 3D Printing StartupApril 19, 2019
United Parcel Service (UPS), Atlanta, GA, recently led a $48-million series B funding round for 3D printing startup Fast Radius,Chicago, IL. UPS has been working with Fast Radius since early 2016 to link the companies’ resources, having participated in two previous rounds of funding for Fast Radius via the UPS Strategic Enterprise Fund.
"Additive manufacturing is increasingly becoming the logical direction for future supply chain strategies, blurring the lines between physical and virtual warehousing for products in many industries," Scott Price, chief strategy and transformation officer at UPS, says in a statement. "Fast Radius’ technology platform and additive manufacturing design processes are bringing the virtual warehouse vision to life for their customers, complementing UPS’ global time-definite logistics expertise."
See also: Fast Radius LLC