Inventables, a Chicago-based company that provides 3D carving tools and software to help companies make products, raised a new round of funding to boost its design software product.
Inventables announced Tuesday that it raised $11.5 million in a Series C round led by Cue Ball, a Boston-based venture capital firm. Other backers in the round include True Ventures, Greycroft, Pipeline Capital, Draper Associates, Relativity CEO Mike Gamson and LinkedIn CEO Jeff Weiner.
Inventables has now raised more than $21 million since it was founded back in 2002.
The company makes a popular 3D carving tool, the X-Carve, along with a software product called Easel. Inventables said the funding will be use to improve Easel, which manufacturers use to design products.
"We are excited to see thousands of American businesses using our products for production," CEO and founder Zach Kaplan said in a statement. "This investment enables Inventables to enhance the functionality and compatibility of our Easel software, helping our business customers produce products faster and more profitably."
Inventbales said that its tools will help customers carve more than 4 million projects this year. Companies have used X-Carve and Easel to make everything from guitars, furniture, drones and jewelry, the company said.
Inventables last raised $5 million in 2015 in a round led by Greycroft.
