Luminii provides CDD support to Maven on their investment in Plyable
Luminii are delighted to have provided Commercial Due Diligence (CDD) support to Maven on their investment in Plyable, a custom composite marketplace.
Plyable has developed proprietary software that uses the latest AI and machine learning technology to automate the quoting, design and manufacture of composite tooling. Its innovative platform is helping clients to create prototypes that are 20% cheaper whilst significantly reducing end product lead times compared to standard methods.
The software takes the customer's CAD file, analysing its mould-ability as well as highlighting potential areas for improvement in a matter of seconds. Machine Learning is then used to build quotes solely based on component geometry. The pricing model is dynamic with shipping calculated using an API in real-time based on user location, dimensions and weight. Composite moulds are then created through one of the Company's 150+ global verified suppliers who are assigned jobs through the platform's exclusive supply chain technology speeding up the entire procurement process, reducing timelines from months to days.
Plyable will use the funding to significantly expand its headcount over the next two years, further develop its software, and grow its footprint in Europe and North America.
The global composites market is estimated at $95.3 billion and is expected to increase at a rate of 6.3%. Growth is being driven by increasing demand for performance materials in the automotive, aerospace and defence sectors where the superior weight-to-strength ratio is increasing fuel savings. An increased awareness of sustainability and environmental issues are also leading to a greater adoption of composite materials.
"Luminii are delighted to have supported Maven on this transaction. This is yet another deal that helps to further strengthen our credentials in the TMT and Manufacturing sectors, having worked on several deals in this space recently. We wish Maven's and Plyable's management team continued success for the future."
Lushani Kodituwakku, Managing Director, Luminii Consulting
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