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SyncFab

company

About

OEM Parts Supply Chain Blockchain Procurement Platform and ERP Add-On for Aerospace, Automotive and Medical

Details

Last Funding Type
Series Unknown
Industries
Blockchain,Clean Energy,Enterprise Resource Planning (ERP),Ethereum,Industrial Automation,Information Technology,Manufacturing
Founded date
Jan 1, 2013
Number Of Employee
11 - 50
Operating Status
Active
Legal Name
SYNCFAB CO.
Also Known As
SyncFab Smart Manufacturing Blockchain

SyncFab connects OEM part buyers in Aerospace, Defense, Automotive, and Medical industries to distributed parts manufacturers backed by distributed ledger blockchain technology solutions for superior security, traceability and supplier management. SyncFab is a Member of the MOBI Automotive Industry Blockchain Consortium.

OEMs can slash procurement time and costs for precision parts with SyncFab's supplier network secured by blockchain for anti-counterfeit, recalls, smart payments & more.

SyncFab is the pioneer and creator of the smart manufacturing blockchain process architecture protocol (patent pending). SyncFab is also a digital manufacturing platform that enables hardware supply chain buyers to transact POs (purchase orders) and source RFQs (requests for quotes) directly from a network of manufacturers.

was established in 2013 and has developed an online decentralized buyer- to-manufacturer platform aggregates all orders and sends requests directly to manufacturers that match the buyer’s requirements on the Smart Manufacturing Blockchain Supply Chain. Eliminating intermediaries, utilizing our Smart Contracts to streamline procurement processes, eliminating wasted labor-hours on miscommunication that lead to manufacturing mistakes or delays. The MFG is an ERC20 cryptocurrency token issued by Smart MFG Tech for use in supply chain and manufacturing smart contracts developed by SyncFab. MFG can be used to incentivize RFQs, secure and pay for smart contract POs (Purchase Orders) along with supply chain tokenization on the manufacturing blockchain.



SyncFab was initially developed in response to an economic development challenge shared with SyncFab by San Leandro City as part of the San Francisco Mayor's Office of Civic Innovation Startup-in-Residence Program. The industry solution identifies idle precision component production capacity and makes it available to buyers with a suite of simple and easy to use supply chain management tools.

SyncFab was also recognized as a member of the White House-appointed & Department of Energy sponsored Clean Energy Smart Manufacturing Innovation Initiative within the Department of Commerce's National Network of Manufacturing Innovation. As a CESMI member, SyncFab will be part of the dialogue and implementation of DOE driven standards for Clean Energy Smart Manufacturing.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$1.55M
SyncFab has raised a total of $1.55M in funding over 2 rounds. Their latest funding was raised on Aug 24, 2020 from a Series Unknown round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 24, 2020 Series Unknown 1 Detail
Dec 1, 2017 Pre-seed $1.35M Detail
May 28, 2013 Angel $200K Detail

Investors

Number of Lead Investors
Number of Investors
1
SyncFab is funded by 1 investors. Starburst Accelerator are the most recent investors.
Investor Name Lead Investor Funding Round
Starburst Accelerator Series Unknown

Employee Profiles

Number of Employee Profiles
33
SyncFab has 33 current employee profiles, including Advisor Mark Crone
Advisor
Employee
Employee
Employee
Employee