Founded in 2013 , Fictiv is a digital manufacturing ecosystem . Since its founding , the company has manufactured more than 12 million parts for both early-stage and large companies to drive agile innovation and highquality parts at speed .

How is Fictiv helping the widespread adoption of digital transformation ? By securing US $ 35mn in funding Fictiv plans to aggressively expand its groundbreaking digital manufacturing ecosystem , and advance its cloud-based platform technology and invest in its supply chain operations and network infrastructure .

How does Fictiv ' s digital manufacturing ecosystem work ? By harnessing technology , Fictiv streamlines the entire manufacturing process from quote to delivery , which it states achieves “ a level of manufacturing speed and agility that has long confounded the traditional contract manufacturing industry ,” providing radical transparency and ultimate flexibility .

Who participated in the funding round ? Led by 40 North Ventures , those that participated in the funding round included Honeywell , Sumitomo Mitsui Banking Corp ., Adit Ventures , M20 , Accel , G2VP , and Bill Gates , bringing its total funding to US $ 92mn .

� SMART MANUFACTURING MARKET Global smart manufacturing market is expected to reach US $ 417.07bn by 2026 , up US $ 245.59bn compared to 2018 .

� US TO SUPERCHARGE CHIP MANUFACTURING President Joe Biden seeks US $ 37bn in funding to supercharge chip manufacturing in the US following a shortfall of semiconductors forcing manufacturers to cut production .

� e . GO MOBILE SERIES B FUNDING ROUND German electric car manufacturer e . Go Mobile successfully closes its Series B equity funding round of over US $ 36.6mn enabling the manufacturer to start its production and growth plans .

� BOMBARDIER DATA BREACH Plane manufacturer - Bombardier - suffered a limited cybersecurity breach . It is speculated that the attack is part of the Accellion ‘ supply chain ’ breach .

� TESLA SHARES DROP Tesla shares dropped as much as 12 %, its biggest single day decline since September 8 , 2020 . The automotive manufacturer ’ s shares abolished its year-to-date gains , trading below the level the company entered the S & P 500 Index .

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