Inventables, Inc.

Inventables, Inc. is a Chicago-based company that designs and manufactures CNC machines and software, enabling users to create custom designs in various materials, including wood and plastic, for a broad range of applications. Inventables, Inc. specializes in developing tools for digital fabrication.

Founded in 2002 in Chicago, US, by Zane G. D. as part of a broader initiative to promote maker culture, the company has raised a total of USD 11. 50 mn across multiple funding rounds, with the latest being a Series C round on July 23, 2019, led by Cue Ball Capital and including investors such as Draper Associates and True Ventures.

The company has completed six funding deals to date, indicating a steady interest from investors. Inventables, Inc. specializes in providing a range of innovative CNC (Computer Numerical Control) machines and associated software aimed at empowering users to create custom designs in various materials such as wood, plastic, and foam. Their flagship product, the X-Carve Pro, is designed for both hobbyists and professionals, enabling users to craft intricate pieces for applications like furniture design, custom signage, and educational projects.

The company also offers the Easel software platform, which integrates design and manufacturing processes, making CNC operations more accessible for beginners and experienced users alike. This software provides essential tools for generating 2D and 3D toolpaths and is compatible with many popular desktop CNC machines across geographical markets including North America, Europe, and parts of Asia. Inventables serves a diverse clientele ranging from individual makers and educators to small businesses looking to enhance their production capabilities. Inventables operates primarily on a direct-to-consumer model, generating revenue through the sale of CNC machines, software subscriptions, and other related products.

Customers can purchase the X-Carve Pro and additional equipment, such as CNC cutting bits and vacuum tables, directly through the company's online platform. The revenue structure includes one-time transactions for hardware purchases as well as recurring income from subscriptions to the Easel Pro software, which offers advanced features for design and manufacturing. Pricing for individual products is structured to cater to a wide audience, ensuring that both entry-level users and seasoned professionals find solutions that meet their needs. This comprehensive approach allows Inventables to maintain a robust revenue stream while fostering a strong community of users engaged in creative projects.

In July 2019, Inventables, Inc. raised USD 11. 50 mn in Series C funding, which will be utilized to enhance product development and expand its reach into new markets. The company plans to launch new CNC machines tailored for more specialized applications and expand its software offerings.

Specifically, they are targeting increased penetration into European markets by 2025, leveraging the latest funding to support marketing initiatives and product adaptations for local needs. This strategy aims to increase the user base and reinforce their position in the CNC manufacturing space.