Icelandic deeptech startup Euler has raised €2 million in seed funding to expand its AI-powered software platform for real-time monitoring and fault prediction in 3D printing.
The round was co-led by Frumtak Ventures and Kvanted, with Ásthildur Otharsdóttir (Frumtak Ventures) and Eerik Paasikivi (Kvanted) joining Euler’s board of directors.
Valued at over $20 billion globally, the 3D-printing industry is reshaping manufacturing by enabling lighter, more complex components while reducing material waste and emissions. Yet, widespread adoption has been slowed by challenges in quality assurance, particularly in aerospace, defense, and medical manufacturing, where even minor print defects can result in costly production failures.
Euler’s software addresses this bottleneck by providing automated, real-time defect detection during the printing process — allowing manufacturers to spot and prevent errors before they occur. The system integrates directly with existing industrial 3D printers and uses built-in camera data combined with proprietary AI algorithms, eliminating the need for expensive external sensors.
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“Additive manufacturing has yet to live up to its full potential due to persistent issues around cost, scalability, and quality control,” said Dr. Eythor Runar Eiriksson, co-founder and CEO of Euler. “Our platform transforms monitoring from reactive to predictive — helping manufacturers achieve higher yield, greater efficiency, and true scalability. This investment will accelerate our growth and bring us closer to establishing 3D printing as a dependable production process.”
A spinout from the Technical University of Denmark, the startups specializes in AI-based fault detection for laser powder bed fusion (LPBF) and selective laser sintering (SLS) processes. Its customers include Alloyed, KMWE, and research institutions such as the Danish Technological Institute and the Korea Institute of Industrial Technology.
In collaboration with the Danish Technological Institute, Euler reported a 77% reduction in time lost to failed builds and a 20%+ increase in revenue through improved overall equipment effectiveness (OEE).
The company will use the new funding to accelerate product rollout, expand its team, and scale R&D efforts, including filing three patents to protect its core AI and monitoring technologies.
About Euler
Euler is transforming additive manufacturing with its AI-powered, real-time process monitoring platform. By predicting failures before they occur, Euler helps manufacturers reduce waste, increase throughput, and ensure consistent product quality. Its technology integrates seamlessly with leading industrial 3D printers, empowering companies to unlock the full potential of additive manufacturing at scale.
