Fast Radius

Fast Radius

3D printing and CNC machining services

About

Fast Radius focuses on advanced manufacturing, particularly in additive manufacturing (3D printing) and CNC machining, serving industries like robotics, automotive, and healthcare. Clients can obtain instant quotes and track their orders in real-time through an online dashboard, which enhances efficiency. The company differentiates itself with its "microfactory" concept, deploying small production units close to the point of need to reduce lead times and costs. Fast Radius aims to make advanced manufacturing accessible to all while ensuring high-quality production.

Company Stage

IPO

Employees

11-50

Industries

Industrial & Manufacturing

Total Funding

$63.5M

Headquarters

Chicago, Illinois

Founded

2017


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Simplify's Take

What believers are saying

  • Growing demand for localized manufacturing boosts Fast Radius's microfactory model.
  • Advancements in AI-driven design tools enhance Fast Radius's online design platform.
  • Expansion of the global 3D printing market benefits Fast Radius's additive manufacturing services.

What critics are saying

  • Acquisition by SyBridge Technologies may disrupt existing operations and client relationships.
  • Recent bankruptcy proceedings could impact Fast Radius's reputation and client trust.
  • Intensifying competition in additive manufacturing could erode Fast Radius's market share.

What makes Fast Radius unique

  • Fast Radius offers a unique Cloud Manufacturing Platform for integrated design and production.
  • The company utilizes microfactories to reduce lead times and manufacturing costs.
  • Fast Radius provides real-time tracking and instant quotes through an intuitive online dashboard.

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Growth & Insights
Headcount

6 month growth

3%

1 year growth

3%

2 year growth

-17%

Benefits

Competitive compensation and bonus structure

Comprehensive health care including dental and vision

Generous vacation policy as well as a 401K plan

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