Inkbit Raises $12M in Equity Funding
Summary
Inkbit, a Medford, Mass.-based company that built a 3D printer driven by vision-based feedback control and artificial intelligence, closed a $12M equity financing. The company intends to use the funds to industrialize its additive manufacturing system to fit the requirements of multi-material and volume manufacturing, expand the set of materials for medical, life sciences and robotics applications and install the first units for customers. Led by Davide Marini, cofounder and CEO, Inkbit develops a 3D printer powered by machine vision and artificial intelligence to meet volume production needs. The technology is based on research led by Prof. Wojciech Matusik and intellectual property licensed from MIT. In conjunction with the funding, Guy Menchik, VP of R&D at Stratasys, Luda Kopeikina, Director of DSM Venturing, Paul Clarke, Ocado’s CTO and Magnus René, CEO at Ovzon and formerly CEO at Arcam, joined The company’s Board of Directors.
Funding
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