Fast Radius
Former digital manufacturing platform that offered cloud-based 3D printing and on-demand manufacturing services. Filed for bankruptcy in November 2022 and assets were acquired by SyBridge Technologies in December 2022.
- CEO / Founder
- Lou Rassey
- Team Size
- 51-200
- Stage
- Defunct
- Total Funding
- $169M
- Latest Round
- Series B
- Key Investors
- UPS, Drive Capital, Goldman Sachs Asset Management
Technology & Products
Key Products
["Cloud Manufacturing Platform","Additive Manufacturing (3D Printing)","CNC Machining","Injection Molding","Urethane Casting"]
Technological Advantage
The company's technology-agnostic approach allowed it to offer a wide range of manufacturing services through a single platform. Its software provided data-driven insights to optimize part design and supply chains, combining digital tools with physical production capabilities.
Differentiation
Value Proposition
To provide a seamless, end-to-end solution for digital manufacturing, enabling customers to produce parts faster, more cost-effectively, and with greater design flexibility.
How They Differentiate
Fast Radius differentiated itself through its comprehensive software platform, its focus on industrial-grade production quality, and a key strategic partnership with UPS, which provided significant logistical advantages, including a microfactory at the UPS Worldport hub.
Market & Competition
Target Customers
Engineers, product developers, and supply chain managers in industrial, automotive, aerospace, medical, and consumer goods sectors.
Industry Verticals
["Aerospace/Defense","Automotive","Consumer","Industrial","Medical"]
Competitors
Xometry; Protolabs; Fictiv
Growth & Milestones
Growth Metrics
Went public via SPAC in February 2022. Filed for Chapter 11 bankruptcy in November 2022 citing capital market turbulence. Assets acquired by SyBridge Technologies for $15.9M in December 2022. No longer operates as independent company.
Major Milestones
["2017: Company founded in Chicago", "2022 Feb: Went public via SPAC merger", "2022 Nov: Filed for Chapter 11 bankruptcy", "2022 Dec: Assets acquired by SyBridge Technologies for $15.9M under Section 363 bankruptcy sale"]
Notable Customers
Satair (an Airbus Services Company); Rawlings; Steelcase; Danfoss; Simbe Robotics; HellermannTyton