Other Machine Co. Heads to the White House Maker Faire, Announces Closing of Series A at $3M
on Jun 18, 2014
San Francisco, CA. June 18th, 2014 – Other Machine Co. (www.othermachine.co), maker of desktop manufacturing machines and “what you see is what you make” (WYSIWYM) software applications, is on its way to Washington DC today for the first ever White House Maker Faire. Other Machine Co. (OMC) also announced the closing of an over-subscribed $3 million Series A from a group of seasoned angels and VCs. The investors, who bring a wealth of experience to OMC, include Broadway Angels’ Sonja Perkins and Joanna Drake Earl; Jonathan Bachrach (Berkeley, EECS); CrunchFund; Tim O’Reilly (Founder & CEO, O’Reilly Media); Chris Anderson (CEO, 3DRobotics); Tony Hseih’s VegasTechFund; Core Ventures Group; Dave Morin’s Slow Ventures; Allegro Venture Partners; and Carl Bass (CEO, Autodesk).
“Our strategy in raising this round was to bring together a group of early stage investors who are passionate about our potential to impact the manufacturing sector, can lend their deep operational expertise as we scale, and have incredibly broad networks,” said Danielle Applestone PhD, CEO of Other Machine Co. “In particular, the partnership between the OMC team and Broadway Angels represents an inspiring and unique collaboration that shows the impact that angel investing can have on startups who are taking on big industries,” said Applestone.
Broadway Angels Helps Close Round
Broadway Angels, a group of angel investors with exceptional experience in venture capital and industry, was a major participant in the $3 million round.
“Broadway Angels loves OMC because it is disrupting small manufacturing in the U.S. in a big way,” said Sonja Perkins, founder, Broadway Angels. “With OMC, rapid iteration and small-batch manufacturing is no longer prohibitively expensive. Its first hardware product, "Othermill” enables affordable and easy-to-use desktop manufacturing. We love the simplicity of their software,“ said Perkins.
Manufacturing on Every Desktop
From a DARPA grant, to crowdfunding through a successful Kickstarter campaign for the Othermill, OMC was built on the idea that everyone should have access to professional-quality, affordable manufacturing tools on their desktops. OMC products are not just for engineers: they are for people to use at home, school, and work. Perfect for electronics, crafts, and other projects, the Othermill cuts out 3D objects from durable materials such as wood, metal, and circuit boards. For circuit board makers, the Othermill cuts production time by providing rapid iteration and manufacturing capabilities on the desktop – all without having to learn new design tools.
"The movement from mass production towards small-batch, local manufacturing is a trend we’ve been watching for some time,” said Pat Gallagher, General Partner of CrunchFund, “OMC products allow people with a wide range of skills and interests to access high-precision industrial techniques for the first time.”
OMC Goes to The White House
OMC is honored to participate in the first-ever White House Maker Faire, hosted by President Barack Obama, which will feature Makers, innovators, and entrepreneurs of all ages who are using cutting-edge tools to bring their ideas to life. OMC’s ecosystem of hardware, software, and community is a perfect fit for the White House Maker Faire, as it drives the desktop manufacturing movement forward and enables individuals working in electronics, product design, and high-precision craft to do more than they thought possible.
About Other Machine Co.
Other Machine Co. (OMC) is at the forefront of the digital desktop manufacturing movement, because the future is small-batch, ultra-customized, and on-demand. OMC transforms industrial tools into consumer products and aims to put them in every home and business. OMC has created an ecosystem of computer-controlled hardware, software, marketplace, and community that enables everyday people to directly harness the power of modern manufacturing.
About Broadway Angels
Broadway Angels helps passionate entrepreneurs turn ideas into thriving companies. Founded by veteran venture capitalist, Sonja Perkins, Broadway Angels is a group of world-class investors who bring together a wealth of venture capital and C-level operational expertise. Broadway Angels’ track record is outstanding: over 60% of our portfolio has raised venture capital. An all-female investor group, Broadway Angels brings diverse perspectives to its portfolio companies and is committed to helping entrepreneurs succeed. Learn more at: http://www.broadway-angels.com.