Phasio
Phasio, a Singapore- and Berlin-based startup developing software for the ‘productionisation’ of digital manufacturing, has secured US$2.5 million in seed funding led by Airtree Ventures.
500 Global, Entrepreneur First, and Michael Sorkin’s Gattaca Ventures also joined the round.
The strategic funding will enable Phasio to scale its engineering team to support the growing demand for its interface. A portion of the capital will be used to accelerate its manufacturing interface with feature improvements.
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“Our manufacturing interface is not just a tool; it’s a carefully designed ecosystem rooted in a deep understanding of the challenges that both manufacturers and customers face. Phasio’s intuitive by design, removing barriers and making it easier for manufacturers to focus on what they do best: creating quality products,” said Co-Founder Sudharshan Raman.
Founded by Harry Conor Lucas (CEO) and Raman (CPO), Phasio provides a manufacturing interface tailored to address existing friction points between manufacturers and customers throughout the standard process. The company claims its software tackles the end-to-end workflow between these stakeholders — from instant quotations to collaborating on designs to managing personalised order experiences via a digital storefront.
Each tool featured on Phasio’s manufacturing interface is designed to streamline product development in a way that’s intuitive to the manufacturer-customer workflow. For instance, when collaborating on designs, Phasio’s interface enables the manufacturer and customer to view the design on the former’s website and leave comments on the parts in 3D. This means a single engineer can scale up their workflow from an average of two projects to ten at a time.
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In addition to its core features, Phasio has developed ManufacturingGPT (mGPT), an AI agent to answer questions customers may have about specific manufacturing processes to simplify parts of the order management workflow, which may need an instant response.
Phasio’s platform boasts a number of integrations across the manufacturing workflow from Computer Aided Design software (Fusion360, CREO, Solidworks), accounting software (Xero, Quickbooks and Zoho), and shipping providers (Australia Post, UPS and FedEx).
Over 50 local manufacturers use Phasio across many markets, such as Singapore, Australia, Germany, India, the UK, Greece and the Netherlands.
Vishal Harnal, Managing Partner at 500 Global, added: “Manufacturing plays a key role in bolstering the prosperity of the global economy. Phasio’s commitment to foster hyper-local and hyper-connected manufacturing holds the potential to catapult not only their customers but the people and economies dependent on these industries.”
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Image Credit: Phasio.
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