Plyable, award-winning, market-leading composite mold producer has now received a total of $4.25M investment to fund the growth of its time and significant cost-saving composite tooling solution.
The demand for composites is growing exponentially, with the incredible, rapid innovation seen in aerospace, electric vehicle and marine industries. Award winning, market-leading disruptor in composite tooling, Plyable’s impressive customer base spans all these sectors. This latest injection of investment will fund the growth of its time and cost-saving composite tooling solution, benefiting innovators, engineers and industry disruptors across the board.
“The world of composites today is a vast green field and a highly fragmented $100bn artisan market – one that’s been overlooked, until now. We’re delighted that [Maven, Syensquo Ventures and Forward Partners/our investment partners] share our vision and are supporting Plyable to continue to innovate and modernise the composites industry.”
Martin Oughton, CEO and Founder
Plyable customer GKN Aerospace currently received their molds 44% faster than the traditional supply chain – and at a 20% cheaper cost than their traditional suppliers offered.
The funding will enable the Plyable team to build on this remarkable time/cost saving technology/process, accelerate the company’s growth as the leading market disruptor in composite tooling and achieve its mission to become a ‘one-stop-shop’ for composite projects.
With Plyable’s ‘one-stop-shop’ model in place, the user will be able to upload entire assemblies – part, mold, jigs and off the shelf items – and Plyable will not only provide an instant quote and lead time, but also AI driven ‘design for manufacture’ feedback, including suggestions and digital simulations. For the customer this will instantly validate design decisions, simultaneously cost and specify the project production time, and take care of the end-to-end procurement process.