Participated · Series C · Mar 2019

Fictiv operates a Digital Manufacturing Ecosystem that lets clients upload CAD files or 2D drawings, select parts and manufacturing methods (3D printing, injection molding, etc.), and receive pricing, lead time, and other key information. The platform targets hardware firms seeking faster, more resilient supply chains and has gained traction during the pandemic and resulting supply-chain disruptions. According to CEO Dave Evans, Fictiv manufactured over 4 million parts in 2021 and has created 19 million mechanical parts for 3,000 companies. The company strengthened enterprise security with SOC 2 certification and expanded enterprise workflow services to accelerate new product development and engineer-to-order cycles. Fictiv says the funding will be used in part to address supply-chain issues and further build out its platform and partnerships. Fictiv provides a cloud-based platform and supply‑chain network for designing, pricing, ordering and routing the production of specialized hardware, focusing on prototypes and low-to-mid volume runs. Its services include injection molding, CNC machining, 3D printing and urethane casting, combined with software to manage manufacturing workflows. The company targets production runs in the 1,000–10,000 unit range and works with customers from Bay Area startups to large multinationals, including Honeywell (notably its aerospace division), with use cases in medical devices and robotics. Fictiv is building out what it calls a "Digital Manufacturing Ecosystem," aiming to shorten development cycles from months to about a week. The company is also developing sustainability tools, including a carbon-measurement tool and plans for a carbon-neutral shipping program. Financially, the business has raised a total of $92 million to date and its valuation is undisclosed. Fictiv provides a cloud-based platform that lets customers design components and route orders to a network of contract manufacturers for prototyping and small production runs. It does not own manufacturing equipment but coordinates a network of hundreds of manufacturers, primarily in the U.S. and China, covering processes including injection molding, CNC machining, 3D printing, and urethane casting. Customers use Fictiv's software to select plants best suited to make parts; notable customers include Sphero and Facebook. The company plans to use the new funding to expand its production ecosystem, broaden the range of components and materials it can make, and grow its customer base and capacity. Financially, Fictiv raised $33 million in a Series C and has raised $58 million to date; PitchBook suggested a post-money valuation of around $65 million in the prior round and estimated this round could place the company at about $100 million. Leadership emphasizes building a highest-quality rather than largest network and positioning the service as an "AWS for manufacturing" to speed hardware development. Fictiv provides hardware teams with a virtual manufacturing platform that combines intelligent workflow and collaboration software with a vetted global network of manufacturers to support projects from prototype to production. The platform includes a private workspace for collaboration and file management, intelligent algorithms for automated quoting and manufacturability feedback, a smart matching system for pairing projects to manufacturers, centralized order tracking, and quality control systems. The company reports a vetted network of over 200 worldwide manufacturers. Led by CEO and co‑founder Dave Evans and headquartered in San Francisco, Fictiv has opened offices in Guangzhou, China. Financially, the company has raised $25M in total funding to date following its latest round. Fictiv plans to use the new capital to grow its global manufacturer network and to introduce new digital tools to automate and optimize workflows for hardware teams and manufacturers.