Investor overview
The
predictive layer
for metal additive manufacturing.
Hardware made metal 3D printing possible. Software makes it profitable. Rheona™ is the simulation platform that turns expensive trial-and-error into first-time-right production — sold into a market that is scaling from prototyping into serial manufacturing.
WHY NOW
Metal AM is crossing into serial production.
As parts move from one-off prototypes to qualified production runs, the cost of a failed build compounds — and simulation shifts from "nice to have" to a gate in the workflow.
~1.2B TAM by 2027
Specialized Software AM market
~70%
of build failures rooted in thermal stress & distortion
15–20%
High
sintering shrinkage that must be compensated, part by part
software gross margins vs. capital-heavy hardware
THE WEDGE
What makes Rheona™ defensible.
Full-chain coverage
Most tools own one slice, thermal or stress or sintering. Rheona™ couples all three on one kernel, owning the whole decision from powder to finished part.
On-prem & private AI
Local-first architecture and an offline AI assistant fit the security posture of aerospace, defense, and medical customers, a moat against cloud-only entrants.
Calibrated material moat
22+ production alloys with temperature-dependent properties, a data asset that compounds with every customer and every validated build.
Workstation economics
A performance-tuned core runs full-part jobs without an HPC cluster, collapsing the cost and friction of adoption for mid-market manufacturers.
AI-native workflow
The CoEngineer™ assistant lowers the expertise barrier, expanding the buyer from a handful of simulation PhDs to every process engineer on the floor.
Platform extensibility
One shared kernel makes new physics modules incremental, not greenfield, a roadmap of expansion sits on top of the existing core.
BUSINESS MODEL
Software margins on an industrial workflow.
As parts move from one-off prototypes to qualified production runs, the cost of a failed build compounds — and simulation shifts from "nice to have" to a gate in the workflow.
Traction-ready
Built
, not vapor.
Rheona™ is a working product today: three coupled solvers, a shipping desktop application, a calibrated material library, and a performance-engineered core.
✓ 3 Production solvers shipping
✓ 22+ Calibrated alloys
✓ 1 Native desktop app with AI
✓ 100% On-prem / offline capable