Tuesday, May 3, 2016
Foundry Group Leads $8M Investment In MakeTime
Boulder-based venture investor Foundry Group is the lead investor in MakeTime, a developer of software to optimize the manufacturing process. According to MakeTime, it raised $8M in the round led by Foundry Group, which also included Almaz Capital and the Kentucky Science & Technology Corporation (KSTC). MakeTime is based in Kentucky. The company's software helps optimize the usage of machines in manufacturing, saying that its software helps cut production time up to 75% compared to traditional supply chain management, by gaining capacity from idle machines.