5/3/2016

MakeTime Receives $8 Million in Funding

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The funding is led by Colorado-based Foundry Group along with the company’s initial investors.

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MakeTime (Lexington, Kentucky) has secured an additional $8 million of funding led by Boulder, Colorado-based Foundry Group with participation from Almaz Capital and Kentucky Science & Technology Corp. (KSTC).

The online platform enables qualified U.S. suppliers to monetize incremental capacity from idle machines by aggregating available hours across machine types.

“With this investment, MakeTime will advance its platform automation to help manufacturers bring more products to market,” says Drura Parrish, MakeTime founder and CEO. “We’re also focused on helping our customers transition their own operations to smart infrastructure to stay competitive. The backing of Foundry Group, together with our initial investors Almaz Capital and KSTC, fuels our mission to lead an industry shift in digital manufacturing.”

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