A Generative Design Software Startup spun out of Imperial College London, TOffeeAM raises £5 million in a series A round. This new funding round will boost its efforts in using the AI-powered 3D printing design software in helping firms to reduce emissions. Its intelligent multiphysics Generative Design platform for additive manufacturing (AM) automates the design of aerodynamic, low-emission hardware in aerospace, energy, and automotive.
Sumitomo Corp subsidiary Presidio Ventures Europe and London-based East Innovate led the round. IQ Capital, a UK-based deep-tech investor, has returned to TOffeeAM’s seed round, joining Type One Ventures, Exor Seed, Italy’s Excellis, and other angel investors.
TOffeeAM’s 3D printing design software
The Startup will be using the funds to expand its 3D printing platform into new international markets, specifically the massive US market and East Asia. It is marketing a low-emissions version of AI-powered 3D printing design software to help top engineering firms like Boeing and Rolls-Royce reduce emissions.
TOffeeAM stands for Topology Optimisation For Fluids Engineering and Additive Manufacturing.
ICL faculty researchers Marco Pietropaoli, Francesco Montomoli, and Audrey Gaymann created TOffeeAM’s “intelligent physics” platform. It operates from the cloud to optimize structural and thermo-fluid performance in the design of air jets, sports cars, and fuel pipelines, enabling human engineers to capture massive CO2 reductions and deploy more sustainable energy profiles.
TOffeeAM has optimized some pretty complex machinery despite being only three years old. During the Techcelerate internship, an unnamed Formula One team was revealed as a client, propelling TOffeeAM into lucrative territory at a time when speed racing engineers are increasingly turning to rapid prototyping to deliver aerodynamic, emissions-light vehicles.
Since the Techcelerate deal, several more Formula One teams have been in touch to trial TOffeeAM’s intelligent physics technology, with 3D printing templates used to reliably prototype new parts.
“From our initial investment back in 2019, we recognised the potential in TOffeeAM’s team and technology, and Francesco and his expert team have achieved 100x growth since our investment. Their understanding of both the end customer and technology is testament to the exciting innovations emerging from UK universities.”– Daniel Carew, Principal at IQ Capital
The Series A funding follows a £1 million seed round led by IQ Capital, with additional funds from Imperial College London’s Techcelerate and the UK’s Royal Academy of Engineering.
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