Fast Radius

Fast Radius

Additive manufacturing and CNC machining services

About

Fast Radius specializes in advanced manufacturing, focusing on additive manufacturing (3D printing) and CNC machining. The company provides a wide range of manufacturing solutions for industries such as robotics, automotive, healthcare, and consumer goods. Their services allow clients to receive instant quotes and track orders in real-time through an online dashboard, enhancing transparency and efficiency in the manufacturing process. Fast Radius differentiates itself with its microfactory concept, which consists of small, efficient production units that can be located near the point of need, thus reducing lead times and costs. This approach has garnered recognition from the World Economic Forum for its advanced manufacturing capabilities. The company's goal is to make high-quality manufacturing accessible to all, ensuring that custom parts are produced to exact specifications.

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

  • Recognition from the World Economic Forum as one of the most advanced factories highlights Fast Radius' industry leadership.
  • The partnership with Simbe Robotics and Curtiss showcases Fast Radius' ability to collaborate on cutting-edge projects, enhancing its market reputation.
  • The launch of an online tool for designing printing jobs from home demonstrates Fast Radius' commitment to innovation and user-friendly solutions.

What critics are saying

  • The recent acquisition by SyBridge Technologies and the associated bankruptcy proceedings could create uncertainty and instability for employees.
  • High turnover in key management positions, including the recent appointments of a new COO and General Counsel, may lead to strategic misalignments.

What makes Fast Radius unique

  • Fast Radius' microfactory concept allows for localized, efficient production, reducing lead times and costs, unlike traditional centralized manufacturing models.
  • The company's cloud manufacturing platform offers real-time tracking and instant quotes, providing a level of transparency and efficiency that sets it apart from competitors.
  • Fast Radius combines advanced additive manufacturing and CNC machining, catering to a wide range of industries with high-quality, custom parts.

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Growth & Insights
Headcount

6 month growth

↓ -30%

1 year growth

↓ -54%

2 year growth

↓ -88%

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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