3D-Printed Insole Maker SOLS Lays Off 20 % Of Employees
SOLS, an organization utilizing 3D-printing know-how to make customized shoe insoles, has laid off 20 % of its workforce, or 14 staff in complete throughout all groups, TechCrunch has confirmed. The employees reductions come simply forward of a forthcoming product announcement due a couple of weeks’ time, in addition to additional efforts aimed toward broadening SOLS’ product choices, says co-founder and CEO Kegan Schouwenburg.
The startup is notable as being one of many first corporations to make use of 3D printing applied sciences to market customized-manufactured wearables.
Thus far, SOLS targeted on printing shoe insoles, particularly by working with docs who prescribe its merchandise to sufferers affected by foot ache and different illnesses. This fall, SOLS additionally introduced its insoles on to shoppers with the launch of an iPhone app the place people might nearly scan their foot with their telephone’s digital camera, as a way to assist create their customized insole together with different knowledge, like weight, peak, and way of life particulars.
Schouwenburg, an early worker at 3D printery Shapeways earlier than founding SOLS, tells TechCrunch that the workforce members who have been let go have been supplied with severance packages, and the corporate is working to assist every particular person new alternatives.
“As we broaden our product choices, we’re exploring distribution channels to increase our core medical enterprise and help our general technique. There can be an thrilling product announcement within the subsequent a number of weeks,” she stated. “We’re unhappy to see our colleagues go, however consider these modifications will allow focus, and set us up for higher success.”
SOLS has raised $19.25 million so far in outdoors funding, in line with CrunchBase, from buyers together with Felicis Ventures, Founders Discovered, FundersGuild, Lux Capital, Rothenberg Ventures, RRE Ventures, Melo7 Tech Companions, Tenaya Capital, and others.