ToffeeX
503, 60 Gray's Inn Road, London, England, WC1X 8LU, United Kingdom
Overview
TOffeeAM develops AI-driven design software for sustainable (green) machines. Its IP is based on research from Imperial College and the company is an Imperial College London spinout. Founded in 2019 by Marco Pietropaoli, Audrey Gaymann and Francesco Montomoli, TOffeeAM participated in the EF program and the 3rd cohort of the Xelerated/Boeing accelerator. The company already counts Boeing and several Formula 1 teams among its customers. TOffeeAM plans to use new funds to expand globally and build on its strong customer base. It raised £5M in a Series A funding round. TOffeeAM develops TOffee, software that optimizes 3D-printed parts and entire systems by reducing part count and increasing overall resilience. Its technology creates internal structures for smart industrial production, including coolant systems for gas turbines that exceed current heat exchanger performance. The company’s IP is built on four years of research at Imperial College and it licenses TOffee to businesses using additive manufacturing. The software is particularly applicable to the aeronautics and automotive industries. Existing customers include GE Aviation, Baker Hughes and a Formula 1 motor racing team. TOffeeAM plans to use the new funding to hire engineers and additional staff, expand engineering capabilities and grow its customer base.
- Total raised
- $7M
- Funding rounds
- 2
- Latest round
- Series A
- Latest activity
- Nov 2022
Industries
- Aerospace
- Artificial Intelligence (AI)
- Generative AI
- Software
- Web Design
Recent funding
Series A
Nov 2022
$6M
Seed
Jul 2020
$1M