What is Euler?
Euler is an Icelandic deep-tech firm that has developed AI-driven software solutions aimed at significantly improving the reliability of industrial 3D printing. Originating as a spinout from the Technical University of Denmark, the company's core technology focuses on real-time defect detection and comprehensive process monitoring for advanced 3D printing systems, including laser powder bed fusion and selective laser sintering. By leveraging deep learning models to analyze camera data and machine signals, Euler empowers manufacturers to proactively prevent print failures, minimize material waste, and ensure consistent quality without the need for costly hardware overhauls. The company's technology is designed for seamless integration with existing 3D printing equipment, serving a diverse clientele across critical sectors such as aerospace, healthcare, and advanced manufacturing.
How much funding has Euler raised?
Euler has raised a total of $75.9M across 6 funding rounds:
Angel/Seed
$800K
Angel/Seed
$800K
Series A
$8M
Unspecified
$32M
Unspecified
$32M
Seed
$2.3M
Angel/Seed (2020): $800K with participation from Divergent Ventures, Cluster, Lemniscap, Block0, CMT Digital, and LAUNCHub
Angel/Seed (2020): $800K led by Lemniscap, Block0, CMT Digital, LAUNCHub, Divergent Ventures, and Cluster
Series A (2021): $8M supported by Anthony Sassano, Ryan Sean Adams, Lemniscap, Kain Warwick, and Paradigm
Unspecified (2022): $32M featuring Coinbase Ventures, Jane Street, JumpStartCrypto, Uniswap Labs Ventures, Variant, FTX Ventures, and Haun Ventures
Unspecified (2022): $32M backed by Uniswap Labs Ventures, Haun Ventures, Coinbase Ventures, Jane Street, JumpStartCrypto, Variant, and FTX Ventures
Seed (2025): $2.3M with participation from Frumtak Ventures and Kvanted
Key Investors in Euler
Frumtak Ventures
Frumtak Ventures is an early-stage venture capital fund based in Iceland that invests in local innovation with global potential, supporting founders with early traction and international growth capabilities.
Kvanted
Kvanted is an early-stage venture capital firm focused on industrial technology in the Nordics, backing ambitious founders with transformative hardware and software solutions and providing access to a robust industrial network.
Divergent Ventures
Divergent Ventures provides capital and advice for technical entrepreneurs, investing in early-stage companies within Cloud Computing, Big Data, and Cloud Application sectors, and actively partnering with management to overcome challenges.
What's next for Euler?
With its latest capital infusion, Euler is poised to accelerate its growth and further solidify its market position in the industrial additive manufacturing sector. The company's focus on AI-driven quality control and process optimization addresses a critical need for enhanced reliability and reduced waste in 3D printing operations. This strategic investment will likely fuel further research and development, expand its sales and marketing efforts, and potentially explore new applications for its technology. Euler's trajectory suggests a company moving towards scaling its operations and capturing a larger share of the rapidly evolving industrial 3D printing market.
See full Euler company page
