Factorem
Custom part procurement solution reducing waste and encouraging usage
of sustainable materials
Company Details
- Location
- Singapore, Singapore
- Website
- https://www.factorem.co/
- founders@factorem.co
- Founded
- 2020
- Employees
- 4-10
- Funding
- Bootstrapped
Learn more
About Factorem
The problem we're solving:
Sourcing custom parts can be slow, inefficient, and may lead to mistakes like picking the wrong materials or manufacturing processes. Meanwhile, 40% of machine shop capacity is unused and many machine shops lack the resources to grow their sales and scale their operations.Our solution:
Factorem combines on-demand production and a localized supply chain network into one technology platform to significantly cut idle factory capacity and resource waste. Our advanced technology enhances machine shop efficiency and utilization rates, while promoting sustainable manufacturing practices such as 3D printing and the use of eco-friendly materials, reducing environmental impact.Our differentiator:
In-house AI to quickly spot manufacturing defects, and recommending optimal processes and materials for manufacturing in Southeast Asia in a matter of seconds.Our biggest achievement:
300% Year-on-Year Sales GrowthDisclaimer:
Information for this page was sourced directly from the startups or found in publicly available databases. The data has been collected until the end of the programme's year (eg: A 2020 programme has data updated until December 2020) except for where explicitly said so. The data on co-founders is collected upon startup registration and is not further updated. Funds raised is comprised of direct investments (including crowdfunding), funds, and grants. Opinions, conclusions and views expressed in the startup page are solely personal to the author (startup), unless otherwise clearly stated.