Oqton secures $40 million in latest funding round to shake up the manufacturing software space

Oqton, Inc., a software company specializing in AI-powered solutions for the manufacturing industry, has raised over $40 million in a Series A financing round, enabling the company to further develop its platform while expanding its commercial partnerships in multiple domains and verticals (additive manufacturing, robotic welding, CNC machining).

The funding round was led by Fortino Capital, a leading B2B software investor, by PMV, the regional Flemish investment fund, and by Sandvik, a global engineering group. The founding team (Samir Hanna and Ben Schrauwen) and several angel investors, including Carl Bass (former CEO Autodesk), Dries Buytaert (Drupal and Acquia), and Peter Mercelis (Layerwise) also participated in the round.

Oqton’s platform is unique in that it combines several manufacturing software capabilities (CAD, PLM, CAM, IOT, MES, QMS) into a single platform, enabling an unprecedented degree of AI-powered automation and optimization.

Users can automatically capture expert knowledge and eliminate repetitive tasks, access technologies remotely and across multiple sites, and optimize production planning to improve utilization and quality.

Being fully integrated, users can also link the platform to their traditional technologies, such as CNC, welding, and post-processing machines for a truly end-to-end manufacturing solution, making their processes faster, more adaptable, and more cost-effective. Oqton has already established partnerships with EOS, Sisma, Trumpf, Prodways, and Sandvik.

This funding round coincides with the announcement that Schrauwen, Oqton’s CTO, will be taking over as CEO. Hanna, Oqton’s Co-Founder and leaving CEO, will become Executive Chairman.

For more information about this news, visit www.oqton.com.