Fictiv

Fictiv

Digital platform for custom parts sourcing

About Fictiv

Simplify's Rating
Why Fictiv is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

Industrial & Manufacturing

Company Size

201-500

Company Stage

Series E

Total Funding

$187.7M

Headquarters

San Francisco, California

Founded

2013

Overview

Fictiv simplifies the sourcing of custom-manufactured parts for businesses across various industries, including automotive and robotics. The platform connects clients with a global network of vetted manufacturing partners, allowing for low-volume production without the need for expensive tooling. Clients can receive instant quotes, have their parts analyzed for manufacturability, and get real-time updates on production status. Additionally, Fictiv offers consultation services where technical experts provide design optimization advice through chat or video calls. The goal of Fictiv is to make the process of obtaining custom parts faster and more efficient, reducing supply chain risks and enhancing manufacturability.

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Simplify's Take

What believers are saying

  • ChatGPT-powered Materials.AI enhances customer interaction and material selection efficiency.
  • Carbon DLS technology enables high-volume production with advanced mechanical properties.
  • Hybrid injection molding caters to complex designs, expanding customer base in key industries.

What critics are saying

  • Potential tariffs on imports could increase costs and affect competitiveness.
  • New AI capabilities may face data privacy and security challenges.
  • Soft robotics market growth may attract new competitors, increasing market competition.

What makes Fictiv unique

  • Fictiv's OS streamlines custom manufacturing from quote to delivery efficiently.
  • Global network reduces supply chain disruptions, offering low-volume manufacturing without tooling investment.
  • Automated Design for Manufacturability minimizes errors, optimizing production for cost-effectiveness.

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Funding

Total Funding

$187.7M

Below

Industry Average

Funded Over

5 Rounds

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Meet Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Free catered lunch, snacks, and drinks

Learning and development stipend

Paid parental leave

Equity options

Wellness stipend

Paid volunteer days

Growth & Insights and Company News

Headcount

6 month growth

1%

1 year growth

0%

2 year growth

1%
FreightWaves
Feb 9th, 2025
Borderlands Mexico: Diverse Supply Chain Can Limit Tariffs’ Impact, Expert Says

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Diverse supply chain can limit tariffs’ impact, expert says; CPKC launches Texas cross-border railway bridge; Canada-based components maker expands Mexico plant; and Mexico repeals ban on imports of genetically modified corn.With tariffs on imports from Canada and Mexico a possibility in less than 30 days, supply chain operators should focus on strategies to reduce the impact of increased duties, said Vinny Licata, head of logistics at Fictiv.Licata said supply chain diversification — which includes everything from relocating entire manufacturing operations to embracing multicountry assembly strategies — is key to mitigating the effect of tariffs or other types of disruptions.“We’ve had a lot of things happen in the last five years or so. We have had the pandemic, we have a lot of geopolitical issues, we’ve had a lot of weather events that have caused a lot of havoc all over the world,” Licata told FreightWaves in an interview. “I think these supply chains need to be diversified, whether it’s globally or even domestically. You need to have that.”President Donald Trump signed an executive order on Feb. 1 imposing 25% tariffs on imports from Canada and Mexico, along with a 10% tax on Chinese goods

FreightWaves
Dec 9th, 2024
Trump’S Tariffs Could Spark Price Hikes, Supply Chain Disruptions, Experts Say

President-elect Donald Trump’s plan to hit imports from China, Canada and Mexico with tariffs could deal a blow to companies across North America and trigger negative consequences for the global supply chain, according to experts.Trump said that on his first day back in office on Jan. 20, he will impose 25% tariffs on goods from Mexico and Canada. The tariffs are aimed at pressuring those countries to stop drugs and illegal migrants from crossing into the U.S., Trump posted on Truth Social on Nov. 25. He has also said he’ll impose an additional 10% tariff on Chinese imports to fight drugs coming from that country.Sri Laxmana, vice president of Americas at freight broker and 3PL giant C.H. Robinson, said the company began hearing from concerned customers as soon as Trump made the announcement.“We’ve been pulled into countless customer meetings to run risk scenarios for if Canada and Mexico tariffs were implemented,” Laxmana told FreightWaves in an email

twhcyq
Oct 15th, 2024
Fictiv Launches Automated Design for Manufacturability for Injection Molding | Manufacturing.net

Fictiv launches Automated Design for Manufacturability for Injection Molding | manufacturing.net.

Le Lézard
Apr 24th, 2024
Fictiv Introduces and demonstrates New AI Capabilities & Mold Flow Library at NPE2024

Fictiv introduces and demonstrates new AI capabilities & Mold flow Library at NPE2024.

TenLinks
Apr 10th, 2024
Fictiv Launches Hybrid Injection Molding for OEMs

Fictiv launches hybrid injection molding for OEMs.

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