MacroFab announced $15 million in new funding, led by Edison Partners, with prior investors including ATX Venture Partners and Altium Limited. This investment will enable MacroFab to accelerate expansion in North America, increase investment in R&D, sales/marketing and open a new distribution center for international logistics.
“MacroFab customers found themselves in a perfect storm last year, and went from being curious about cloud-enabled manufacturing to going all-in,” says Misha Govshteyn, MacroFab CEO. “The turbulence started with the trade war and tariffs and only accelerated with massive delays in delivering products from overseas and the ongoing microchip availability crisis. The old approach to manufacturing electronics suddenly no longer looks predictable or secure. Even the standard practice of airlifting your best engineers to China to troubleshoot your factory line is no longer possible, so more companies are digitizing their operations, reshoring or moving to a ‘China +1’ model. Supply chain leaders are turning to MacroFab and our digital platform as a way to move faster.
From PR Web:
- MacroFab turns the physical plant of factories, logistics centers and warehouses used in manufacturing into a cloud resource, driven by software and accessible through modern APIs.
