
Icelandic software startup Euler has successfully closed a €2 million seed funding round, co-led by Frumtak Ventures and Nordic industrial tech investor Kvanted. As part of the deal Ásthildur Otharsdóttir from Frumtak Ventures and Eerik Paasikivi from Kvanted will join Euler’s board of directors.
SUMMARY
- Icelandic software startup Euler has successfully closed a €2 million seed funding round, co-led by Frumtak Ventures and Nordic industrial tech investor Kvanted. As part of the deal Ásthildur Otharsdóttir from Frumtak Ventures and Eerik Paasikivi from Kvanted will join Euler’s board of directors.
The global 3D-printing industry valued at over $20 billion, has the potential to transform manufacturing by producing lighter, more complex parts, reducing material waste and emissions and supporting traditional production methods.
However widespread adoption has been limited by challenges in meeting strict safety and performance standards, especially in highly regulated sectors like aerospace and defense. In these industries, even small disruptions can cause print failures and without real-time monitoring, defects are often discovered after production, resulting in costly rework or scrap.
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Euler’s platform introduces automated, real-time monitoring that flags potential defects before they occur, helping manufacturers save time and resources and produce more reliable parts at scale.
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, said Dr Eythor Runar Eiriksson, co-founder and CEO of Euler.
A spinout of the Technical University of Denmark, Euler applies deep AI and process expertise to enhance fault detection for laser powder bed fusion (LPBF) and selective laser sintering (SLS). The system integrates with leading 3D printers, using built-in camera data and AI algorithms for analysis without additional, costly monitoring hardware.
Euler serves a range of customers, including Alloyed (an additive manufacturing startup), KMWE (which operates in aerospace, semiconductor, healthtech, and industrial markets), and research organizations such as the Danish Technological Institute and the Korea Institute of Industrial Technology.
In a white paper conducted with the Danish Technological Institute, Euler reported a 77% reduction in time spent on failed builds and a 20%+ increase in revenue through improved overall equipment effectiveness.
The company plans to use its recent funding to accelerate platform rollout, expand its team, and scale product development. Euler has also started protecting its core technology, including trademark registrations and three patent applications.
About Euler
Euler is revolutionizing additive manufacturing with its real-time process monitoring solution. By predicting failures before they occur Euler transforms monitoring from reactive to proactive improving efficiency, reducing waste and ensuring higher quality production. Their technology empowers manufacturers to optimize processes and unlock the full potential of 3D printing.









