{"id":179321,"date":"2021-01-18T02:18:20","date_gmt":"2021-01-18T02:18:20","guid":{"rendered":"http:\/\/facfox.com\/news\/?p=179321"},"modified":"2021-01-18T02:18:20","modified_gmt":"2021-01-18T02:18:20","slug":"oqton-raises-40m-in-series-a-financing-round","status":"publish","type":"post","link":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/","title":{"rendered":"Oqton Raises $40M in Series A Financing Round"},"content":{"rendered":"<p>Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>icular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company.<\/p>\n<p>\u201cThis investment is in line with our strategic agenda to broaden our offering in digital manufacturing. We are looking forward to working with Oqton and finding ways to expand our offering for increased customer productivity by creating new products that take advantage of Sandvik\u2019s extensive know-how about manufacturing processes and Oqton\u2019s AI-powered manufacturing solutions\u201d, said Stefan Widing, President and CEO of Sandvik.<\/p>\n<p>The founding team (Samir Hanna and Ben Schrauwen) and several angel investors, including former Autodesk CEO Carl Bass, Dries Buytaert (Drupal and Acquia), and Peter Mercelis (Layerwise) also p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>icipated in the round. The financing will be used to further develop Oqton\u2019s platform while expanding commercial p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>nerships in multiple domains and verticals (Additive manufacturing, Robotic welding, CNC machining).<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png\" \/><\/p>\n<p>Oqton\u2019s platform is unique in that it combines several manufacturing software capabilities (CAD, PLM, CAM, IOT, MES, QMS) into a single platform, enabling an unprecedented degree of AI-powered automation and optimization. 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.<\/p>\n<div style=\"background-color: #eaeaea7a; padding: 15px 30px; overflow-wrap: break-word; display: flex; align-items: center; border-radius: 4px; box-shadow: -1px 4px 20px 0px #dedede; margin-top: 1em; margin-bottom: 1em;\">\n<div style=\"flex: 1; padding-right: 30px;\">\n<h4 style=\"margin-bottom: 14px;\">Manufacturing on Demand<\/h4>\n<div style=\"display: block;\">Maximize the freedom of your product design, get your ideal realized with 3D printing and other cutting-edge technologies!<\/div>\n<\/div>\n<p><a style=\"background-color: #0baee8; color: white; padding: 10px 20px; border-radius: 4px;\" href=\"https:\/\/facfox.com\" target=\"_self\" rel=\"noopener noreferrer\"><i class=\"fa-fw auxicon auxicon-cloud-upload\" aria-hidden=\"true\"><\/i> Get Quote<\/a><\/p>\n<\/div>\n<p>Samir Hanna, Oqton\u2019s Co-Founder and Chairman, said: \u201cWe can already achieve 100% automation in the <a href=\"https:\/\/facfox.com\/news\/topics\/dental\" target=\"_blank\" rel=\"noopener\">dental<\/a> and jewelry verticals, resulting in 30% overall cost reduction. Given the platform strategy, the software can be targeted to many specific industry verticals, like <a href=\"https:\/\/facfox.com\/news\/topics\/dental\" target=\"_blank\" rel=\"noopener\">dental<\/a>, jewelry, <a href=\"https:\/\/facfox.com\/news\/topics\/medical\" target=\"_blank\" rel=\"noopener\">medical<\/a>, industrial and <a href=\"https:\/\/facfox.com\/news\/topics\/aerospace\" target=\"_blank\" rel=\"noopener\">aerospace<\/a>, as well as to different personas and workflows within those industries.\u201d<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/veuEJb.png\" \/><\/p>\n<p>Being fully integrated, users can also link the platform to their traditional technologies, such as CNC, welding, and post-processing machines for a truly end-to-end manufacturing solution, making their processes faster, more adaptable, and more cost-effective. Oqton has already established p<a href=\"https:\/\/facfox.com\/news\/topics\/art\" target=\"_blank\" rel=\"noopener\">art<\/a>nerships with EOS, Sisma, Trumpf, Prodways and Sandvik.<\/p>\n<p>Oqton\u2019s Co-Founder and CEO, Ben Schrauwen, said: \u201cWe are keen to have new investors on board who can help us scale globally, with both a direct and indirect sales approach. We truly think the time has come for the manufacturing space to embrace the cloud and we are working hard to facilitate this.\u201d<\/p>\n<p>This funding round coincides with the announcement that Ben Schrauwen, Oqton\u2019s CTO, will be taking over as CEO. Samir Hanna, Oqton\u2019s Co-Founder and leaving CEO, will become Executive Chairman.<\/p>\n<p>&nbsp;<\/p>\n<p style=\"font-size: 14px; color: grey;\">* This article is reprinted from <a href=\"https:\/\/www.3dprintingmedia.network\/oqton-raises-40m-in-series-a-financing-round\/\" target=\"_blank\" rel=\"noopener\">3D Printing Media Network<\/a>. If you are involved in infringement, please contact us to delete it.<\/p>\n<p><i class=\"far fa-fw fa-user\"><\/i> Author: Davide Sher<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company.<\/p>\n","protected":false},"author":3,"featured_media":184661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"fifu_image_url":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png","fifu_image_alt":"Oqton Raises $40M in Series A Financing Round","footnotes":""},"categories":[47],"tags":[24,3036,3480,220],"class_list":["post-179321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-3d-printing","tag-funding","tag-market","tag-software"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Oqton Raises $40M in Series A Financing Round - FacFox News<\/title>\n<meta name=\"description\" content=\"Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company. Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oqton Raises $40M in Series A Financing Round\" \/>\n<meta property=\"og:description\" content=\"Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company. Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/\" \/>\n<meta property=\"og:site_name\" content=\"FacFox News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-18T02:18:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png\" \/>\n<meta name=\"author\" content=\"Vera\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vera\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/\"},\"author\":{\"name\":\"Vera\",\"@id\":\"https:\/\/facfox.com\/news\/#\/schema\/person\/7b701aad2d8f434034fcecd2c50a570c\"},\"headline\":\"Oqton Raises $40M in Series A Financing Round\",\"datePublished\":\"2021-01-18T02:18:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/\"},\"wordCount\":490,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/facfox.com\/news\/#organization\"},\"image\":{\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png\",\"keywords\":[\"3d printing\",\"funding\",\"market\",\"software\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/\",\"url\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/\",\"name\":\"Oqton Raises $40M in Series A Financing Round - FacFox News\",\"isPartOf\":{\"@id\":\"https:\/\/facfox.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png\",\"datePublished\":\"2021-01-18T02:18:20+00:00\",\"description\":\"Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company. 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In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company. Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/","og_locale":"en_US","og_type":"article","og_title":"Oqton Raises $40M in Series A Financing Round","og_description":"Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company. Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group.","og_url":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/","og_site_name":"FacFox News","article_published_time":"2021-01-18T02:18:20+00:00","og_image":[{"url":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png","type":"","width":"","height":""}],"author":"Vera","twitter_card":"summary_large_image","twitter_image":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png","twitter_misc":{"Written by":"Vera","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#article","isPartOf":{"@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/"},"author":{"name":"Vera","@id":"https:\/\/facfox.com\/news\/#\/schema\/person\/7b701aad2d8f434034fcecd2c50a570c"},"headline":"Oqton Raises $40M in Series A Financing Round","datePublished":"2021-01-18T02:18:20+00:00","mainEntityOfPage":{"@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/"},"wordCount":490,"commentCount":0,"publisher":{"@id":"https:\/\/facfox.com\/news\/#organization"},"image":{"@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#primaryimage"},"thumbnailUrl":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png","keywords":["3d printing","funding","market","software"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/","url":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/","name":"Oqton Raises $40M in Series A Financing Round - FacFox News","isPartOf":{"@id":"https:\/\/facfox.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#primaryimage"},"image":{"@id":"https:\/\/facfox.com\/news\/oqton-raises-40m-in-series-a-financing-round\/#primaryimage"},"thumbnailUrl":"https:\/\/facfox.com\/news\/wp-content\/uploads\/2021\/1\/BZzEf2.png","datePublished":"2021-01-18T02:18:20+00:00","description":"Oqton, a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40M in a Series A financing round, led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. In particular, Sandvik\u2014which manufactures AM powders and provides metal AM services\u2014 also acquired a minority stake in the company. 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