Industrial Origami funded with $17M for metal-folding magic
If you start looking for waste in industrial processes, it’s usually not hard to find. Industrial Origami got started by looking at items like boxes, bins, shipping equipment and server enclosures, and figured out a way to reduce material usage in those items.
The company’s process starts with large, contiguous pieces of sheet metal, which are specially shaped so that they can simply be folded into the desired form, rather than the usual process of bolting and soldering together multiple smaller pieces. Doing so saves on the amount of material used and the effort needed to form it into the desired shape.
The $17 million funding was led by Environmental Technologies Fund, which usually invests in Europe. Industrial Origami is located in San Francisco, Calif. It has previously raised two rounds of funding.
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About the Author, Chris Morrison
Chris Morrison writes about cleantech and environmental issues for VentureBeat, with occasional forays into gaming and semantic technology. He got his start writing about tech for Business 2.0 magazine, but quickly realized new media was the ticket when that institution closed its doors in 2007. Chris has also covered public equities and regulatory issues. He originally hails from southern Virginia, graduated from Evergreen State College in Washington, and now lives in San Francisco.