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Fast Radius

ApplicationChicago, USAFounded 2017· One of 381 Application companies tracked by AMPulse

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

https://www.fastradius.com

Why this company matters

Fast Radius operated as a digital manufacturing platform that combined cloud-based software with a network of microfactories to offer on-demand production services. Its core innovation was the Cloud Manufacturing Platform, which integrated design, simulation, and production management tools to help engineers and supply chain managers optimize part design and reduce lead times. The company was technology-agnostic, supporting metal and polymer additive manufacturing alongside CNC machining, injection molding, and urethane casting.

The platform targeted industrial, automotive, aerospace, medical, and consumer goods customers. Notable clients included Satair, Rawlings, Steelcase, Danfoss, Simbe Robotics, and HellermannTyton. A key differentiator was a strategic partnership with UPS, which placed a microfactory at the UPS Worldport hub to provide logistical advantages for rapid fulfillment.

Fast Radius raised $169 million from investors including UPS, Drive Capital, and Goldman Sachs. It went public via SPAC merger in February 2022 but filed for Chapter 11 bankruptcy in November 2022, citing capital market turbulence. SyBridge Technologies acquired its assets for $15.9 million in December 2022, ending the company's independent operations. The case illustrates the risks of scaling on-demand manufacturing platforms through SPAC financing in a capital-intensive industry.