202120 Jul

Inkbit Raises $30M in Series B Funding, Plans to Expand Production of 3D Printing System

Summary

Along with co-founders Davide Marini and Jorge Ramos, both MIT alumni, Matusik began working on their first 3D printer powered by machine vision and real-time feedback control to meet the speed, precision, and reliability requirements of volume production. In addition, the data is also used to train a machine-learning algorithm that enables the printer to learn the properties of each material and anticipate its behavior, ensuring parts are built quickly and accurately every time. The new platform based on proprietary Vision-Controlled Jetting technology makes it possible to develop end-user products with high-performance polymers by combining resin 3D printing precision with production-grade materials to move beyond prototyping, and simplifying and automating the full workflow. Like other companies in the space, Inkbit is on a mission to disrupt the segment by creating a technology that provides fast printing capabilities with unmatched design freedom and reliability for some of the most demanding applications and environments. We look forward to using our raised capital to continue evolving and innovating within this dynamic industry.” In fact, Inkbit plans to invest the funds to boost production of its new system and grow the commercial team to support an expansion into the Asia Pacific (APAC) and Europe, Middle East, and Africa (EMEA) regions.

Source: 3dprint

Funding

$30M
Amount
Jul 20 2021
Date
-
Investor
Inkbit
Company

Classifications

Companies