What is Euler?
Euler is an Icelandic deep-tech firm specializing in AI-driven software solutions designed to optimize industrial 3D printing. Originating as a spinout from the Technical University of Denmark, the company has developed advanced technology for real-time defect detection and process monitoring, particularly for laser powder bed fusion and selective laser sintering systems. By leveraging deep learning models to analyze camera data and machine signals, Euler empowers manufacturers to prevent print failures, minimize waste, and ensure consistent quality without the need for costly hardware upgrades. Its solutions are designed for seamless integration with existing 3D printing equipment, serving a diverse clientele across the aerospace, healthcare, and advanced manufacturing sectors.
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 Lemniscap, CMT Digital, Cluster, Divergent Ventures, LAUNCHub, and Block0
Angel/Seed (2020): $800K led by Lemniscap, CMT Digital, Cluster, Divergent Ventures, LAUNCHub, and Block0
Series A (2021): $8M supported by Lemniscap, Ryan Sean Adams, Anthony Sassano, Kain Warwick, and Paradigm
Unspecified (2022): $32M featuring Coinbase Ventures, Uniswap Labs Ventures, JumpStartCrypto, Variant, FTX Ventures, Haun Ventures, and Jane Street
Unspecified (2022): $32M backed by Variant, FTX Ventures, Haun Ventures, Jane Street, Coinbase Ventures, Uniswap Labs Ventures, and JumpStartCrypto
Seed (2025): $2.3M with participation from Frumtak Ventures and Kvanted
Key Investors in Euler
Jane Street
Jane Street is a quantitative trading firm and liquidity provider, established in 2000 and headquartered in New York City. The firm specializes in technology and collaborative problem-solving within the financial markets.
Paradigm
Paradigm is a frontier technology investment firm that focuses on building and investing in sectors such as crypto, AI, and robotics from their inception. The firm collaborates with innovators and builders, offering support whether they have a nascent idea or wish to develop one of Paradigm's projects.
Divergent Ventures
Divergent Ventures provides straightforward capital and advice for technical entrepreneurs, investing in early-stage companies within Cloud Computing/Virtualization, Big Data, Cloud Application, and Storage sectors. They offer extensive networks and hands-on partnership.
What's next for Euler?
With its recent major strategic investment, Euler is poised for significant growth and expansion. The company's focus on enhancing the reliability of industrial 3D printing aligns with the increasing demand for high-quality, consistent additive manufacturing across critical industries. Future developments are likely to involve further refinement of its AI algorithms, broader integration capabilities with various 3D printing platforms, and expansion into new geographical markets. The substantial backing suggests a strategic push towards scaling operations and solidifying its position as a leader in AI-driven manufacturing quality control, potentially exploring new applications for its core technology.
See full Euler company page
