Global manufacturing company Fictiv has today announced that it will expand its manufacturing production. On its new AI-powered quote-to-order platform, Fictiv will offer sheet metal manufacturing, die casting and compression moulding. The company hopes that this new offer will support manufacturers and supply chain teams to streamline their metal and plastic sourcing.
Fictiv is transforming manufacturing with sustainability insights and supply chain awareness
Fictiv was founded in 2013 and is headquartered in San Francisco, USA. In May 2020, Fictiv announced that it had raised US$15mn in Series B funding, led by Sinovation Ventures, with firms such as Accel, Intel Capital, FJ Labs and Tandon Group all contributing. In its recent Sustainability in Manufacturing report, Fictiv found that 54% of manufacturers said they struggled with lack of control over sustainability standards in their supply chain and 55% said that improving manufacturing and supply chain visibility is a top priority.
Following this expansion, the company will be able to offer manufacturers greater supply chain visibility. Fictiv now offers:
- Injection Moulding
- 3D Printing
- CNC Machining
- Urethane Casting
- Compression Moulding
- Die Casting
- Sheet Metal
Fictiv's vision to overcome supply chain barriers and empower innovators
Fictiv CEO and Co-Founder, Dave Evans, is proud of Fictiv’s expansion and looks forward to helping sourcing teams simplify their supply chains.
“It takes an enormous amount of capital, time and relationships to establish a supply chain capable of fulfilling a product's entire mechanical bill of materials, or BOM, from prototype to production. This has been a major barrier to entry that has prevented countless companies and product innovators - like Michelle Kim from m'Chel - from successfully launching new products into the market that could reimagine the future and help a lot of people. To enable companies, engineering teams, supply chain teams and product innovators to source their entire mechanical BOM through a single global manufacturing company with a digital interface is a game changer. It's why we created Fictiv in the first place eleven years ago and I couldn't be more proud.”
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