Industrial Origami eyes $20M to efficiently fold sheet metal
Industrial Origami, a San Francisco-based company that can very efficiently and precisely fold sheet plastics and metals, is looking to raise a fourth round of venture funding between $15 and $20 million by the beginning of next year, reports Dow Jones VentureWire. The company has raised $32 million to date from the Environmental Technologies Fund, among others.
Industrial Origami funded with $17M for metal-folding magic
If you start looking for waste in industrial processes, it’s usually not hard to find. Industrial Origami got started by looking at items like boxes, bins, shipping equipment and server enclosures, and figured out a way to reduce material usage in those items.
The company’s process starts with large, contiguous pieces of sheet metal, which are specially shaped so that they can simply be folded into the desired form, rather than the usual process of bolting… Continue Reading
Ten great cleantech startups on the prowl for funding
Every year, the Cleantech Forum sweeps into San Francisco, an industry event including banks, corporations, startups and venture capitalists.
I got to check out some of the startups presenting at the event, and found it to be an interesting mix. Sometimes it feels like cleantech is just a monotone of the same ideas: The next new solar cell, wind turbine or electrical system that can (maybe) be cheaper and more efficient than the last generation. The… Continue Reading
Industrial Origami, sheet materials manufacturer, raises $4.14M
Industrial Origami, a San Francisco developer of a new method for designing and manufacturing with sheet materials, has raised $4.14 million of a possible $6.06 million second round of funding, according to a regulatory filing cited by PE Week. Backers include Wellington Partners and AdInvest AG.