"Around 2020, Figma had its first success, and you suddenly saw you could build a CAD tool in the browser. I realized: The software to make electronics hasn't improved in my lifetime. And clearly, today, we have better ideas about building software that's easier to use, more collaborative, more automated. Clearly, we can use machine learning, too."
"Matthias was the leader of the camp. He led the creation of a three-story hangout structure they'd designed out of these interlocking Lincoln logs. It was open-sourced—you could see the plans on GitHub. Matthias wasn't starting a company, he was still at Facebook. But you could tell the guy could run something incredible."
"The supply chain now also exists in my Oakland backyard, I can make whatever I want. I don't need to be Lockheed Martin or Apple. The startup just passed one million sign-ups and has raised $37 million in capital."
Matthias Wagner founded Flux, a startup building browser-based CAD software for electronics design and manufacturing. Wagner, previously at Facebook, was inspired by Figma's success in design software and recognized that electronics design tools hadn't meaningfully improved in decades. He believed modern software principles—collaboration, ease of use, automation, and machine learning—could revolutionize electronics creation. With democratized supply chains and accessible manufacturing, Wagner saw opportunity for individuals and small teams to design electronics without requiring massive corporate resources. After years of developing product-market fit, Flux achieved one million sign-ups and secured $37 million in Series B funding from 8VC, Bain Capital Ventures, Liquid 2 Ventures, and Outsiders Fund.
#electronics-design-software #cad-tools #series-b-funding #browser-based-design #manufacturing-technology
Read at Fortune
Unable to calculate read time
Collection
[
|
...
]