Euler has closed a €2mn seed round to expand its AI tools for industrial 3D printing. The round was co-led by Frumtak Ventures and Kvanted. Frumtak Ventures partner Ásthildur Otharsdóttir and Kvanted partner Eerik Paasikivi have also joined the Euler board.
Euler plans to debut its product at Formnext in Frankfurt, Germany, from Nov. 18 to 21. The company will begin accepting sign-ups during the event and will outline new partnerships with Autodesk and Scanlab. Euler completed an invite-only paid pilot program before this public launch.
The new investment will help Euler expand its platform, team and advance product development. The company has secured €2mn in public European grants secured since the company’s founding. The company has also started trademarking its technology and has filed three patent applications.
3D Printing – Hype, Stall, And How Euler Ensures Promise Becomes Reality
Euler says its AI platform address challenges such as meeting safety standards, avoiding print failures, and reducing rework in industrial 3D printing. The software provides automated, real-time monitoring that alerts manufacturers to potential faults before they occur. A white paper from the Danish Technological Institute reported a 77% reduction in time spent on failed builds when using the system. The study estimated potential savings of about $115k in operating costs and more than a 20% increase in revenue from improved equipments.
Alexander Oster, director of additive manufacturing at Autodesk, said, “In my 25 years of being in this industry, I have very rarely seen a team and product which so profoundly leapfrogs the state of the art in the way Euler does.”
Euler’s technology targets laser powder bed fusion (LPBF) and selective laser sintering (SLS) systems. The platform combines printer camera data with AI models to detect faults and patterns in real time. It integrates with 3D printers and does not require additional monitoring hardware. The company works with several international customers, including Alloyed in the UK and KMWE in the Netherlands. Euler also collaborates with research institutes such as the Danish Technological Institute and the Korea Institute of Industrial Technology.
Euler co-founder and CEO Dr. Eyþór Rúnar Eiríksson said, “Additive manufacturing has yet to live up to its hype, despite its disruptive potential. Challenges around cost, scalability, and quality assurance remain. Euler is already helping manufacturers overcome these issues, and this investment will enable us to continue our growth and expand exponentially, solidifying additive manufacturing as a reliable production process.”
Frumtak Ventures partner Ásthildur Otharsdóttir commented: “This investment is representative of the next wave of innovative Icelandic startups, combining academic nuance with advanced technology to solve a long-standing industry issue. Their progress reflects the growing maturity of the Nordic startup ecosystem and its ability to compete globally.”
Kvanted partner Eerik Paasikivi added, “Additive manufacturing is entering a new era of industrial adoption, and Euler’s platform is at the forefront of this. Their technology is bringing the reliability and intelligence needed to finally make large-scale 3D printing viable.”
Source: Euler
About Euler
Euler, based in Hafnarfjörður, Iceland, develops AI software for industrial 3D printing and additive manufacturing. Founded in 2023, the company focuses on identifying faults through real-time monitoring to support reliable and consistent production. Its platform uses camera data and AI models to assess metal printing processes such as laser powder bed fusion and selective laser sintering. Euler works with manufacturers in aerospace, semiconductors, health technology and industrial equipment and has collaborated with Alloyed, KMWE, the Danish Technological Institute and the Korea Institute of Industrial Technology. Euler completed a 2 million euro (about 2.2 million dollar) seed round in 2025 to expand its platform, grow its team and advance product development.
About Frumtak Ventures
Frumtak Ventures, founded in 2008 and based in Reykjavík, Iceland, is an early-stage venture capital firm that invests in technology startups in the Nordic region and Europe. The firm manages an 80 million euro fourth fund and focuses on companies with global growth potential. It provides capital and strategic guidance to founders working in sectors such as software, industrial technology and digital services. Frumtak supports startups from seed stages through early growth by helping build teams, refine business models and develop market strategies. The firm commits between 1 million and 3 million euros in initial investments. Its clients are emerging companies.
About Kvanted
Kvanted, founded in 2023 and based in Helsinki, Finland, is an early-stage venture capital firm that invests in industrial technology startups across software, hardware and related services. The firm focuses on companies in manufacturing, supply chain, automation and sustainability and provides capital and guidance to founders developing technologies for global markets. Kvanted works with early-stage companies in the Nordic region and Europe. The firm invests in technologies that support industrial innovation, including robotics, quantum computing, supply chain resilience and security. Kvanted was founded by Eerik Paasikivi, Maria Wasastjerna and Axel Ahlström and emphasizes operational expertise and a founder-focused approach in its investment strategy.