Los Angeles-based First Resonance closed a new funding round led by Blue Bear Capital as the company looks to help customers with their Industry 4.0 evolution.
The company plans to use the new money to continue developing its ion manufacturing platform, which helps engineers through the design, manufacturing and product stages of hardware development.
Whereas the previous era of manufacturing focused on robotics and automation, First Resonance’s platform allows for the continuous innovation and updating now expected in the Industry 4.0 era, Talati said.
He saw the events of last year as an opportunity to push the platform forward, helping to make hardware manufacturing easier even as most things in the physical world were getting harder.
Looking ahead. First Resonance will continue to look for customers in industries such as air travel, autonomous vehicles, sustainable agriculture and clean energy as it competes with older solutions from Dassault Systemes and PTC, Talati said. Vaughn Blake, a partner at Blue Bear Capital, said he can see First Resonance playing a vital role in those growing markets as heavy manufacturing looks for a next-generation platform.