24/7 Customer Service (800) 927-7671

3D-Printed Insole Maker SOLS Lays Off 20 Percent Of Staff

by • January 7, 2016 • No Comments

SOLS, a company using 3D-printing technology to manufacture custom shoe insoles, has laid off 20 percent of its workforce, or 14 employees in total across all teams, TechCrunch has confirmed. The staff reductions come only ahead of a forthcoming product announcement due in a few weeks, as well as further efforts aimed at broadening SOLS’ product offerings, says co-founder and CEO Kegan Schouwenburg.

The startup is notable as being one of the initially companies to use 3D printing technologies to market custom-manufactured wearables.

To date, SOLS focused on printing shoe insoles, in particular by working with doctors who prescribe its products to patients suffering from foot pain and other ailments. This fall, SOLS in addition brought its insoles directly to consumers with the launch of an iPhone app where individuals may virtually scan their foot with their phone’s camera, in order to help turn it into their custom insole in combination with other data, like mass, height, and lifestyle details.

Related Articles

SOLS Lets You Buy 3D-Printed Insoles, Customized To Your Feet, Right From An iPhone AppSOLS, A Maker Of 3D-Printed Shoe Insoles, Raises $11.1 Million To Bring Its Product To Consumers And AthletesSOLS, Maker Of 3D-Printed Shoe Insoles, Raises $6.4M Series ASOLS Raises $1.75 Million To Make 3D-Printed Shoe Insoles Both Sexy & Mainstream

Schouwenburg, an early employee at 3D printery Shapeways preceding founding SOLS, tells TechCrunch which the team participants who were let go were provided with severance packages, and the company is working to help every individual new opportunities.

“As we broaden our product offerings, we are exploring distribution channels to extend our core medical business and support our overall strategy. There will be an amazing product announcement in the next several weeks,” she said. “We are sad to see our colleagues go, but believe these changes will enable focus, and set us up for greater success.”

SOLS has raised $19.25 million to date in outside funding, according to CrunchBase, from investors which include Felicis Ventures, Founders Found, FundersGuild, Lux Capital, Rothenberg Ventures, RRE Ventures, Melo7 Tech Partners, Tenaya Capital, and others.

Latest posts

by admin • March 5, 2017