Oqton
An AI-driven manufacturing operating system that automates and optimizes production workflows.
- CEO / Founder
- Ben Schrauwen (General Manager of Oqton, a 3D Systems company)
- Team Size
- 51-200
- Stage
- Acquired
- Total Funding
- $40M
- Latest Round
- Acquisition - $180M - September 2021
- Key Investors
- Fortino Capital; PMV; Sandvik; Carl Bass; Dries Buytaert; Peter Mercelis; 3D Systems
Technology & Products
Key Products
Oqton Manufacturing OS (a cloud-based, AI-powered platform that links data across the manufacturing ecosystem, from design to production to logistics, to automate and optimize production workflows).
Technological Advantage
Real-time monitoring and closed-loop feedback using AI and machine learning to optimize production workflows and reduce material waste.
Differentiation
Value Proposition
Provides end-to-end, AI-powered automation that boosts production efficiency and reduces costs (up to 30% savings) by integrating multiple manufacturing software capabilities on a cloud-based platform
How They Differentiate
Focus on AI-powered automation and integration of multiple manufacturing software capabilities into one unified, cloud-based platform, streamlining additive manufacturing workflows and boosting production efficiency.
Market & Competition
Target Customers
Industrial manufacturers in sectors such as aerospace, energy, healthcare, dental, jewelry, and traditional manufacturing
Industry Verticals
["Aerospace","Energy","Healthcare","Dental","Jewelry","CNC Manufacturing"]
Competitors
Materialise; 3D Systems; Siemens Digital Industries Software
Growth & Milestones
Growth Metrics
Reported 30% overall cost reduction in certain verticals through automation
Major Milestones
["Raised over $40M in Series A funding","Appointment of Ben Schrauwen as CEO with Samir Hanna transitioning to Executive Chairman","Successful integrations and partnerships with industry leaders such as Baker Hughes and EOS"]
Notable Customers
Department of Defense (DoD) and other global marquee customers.