Dutch start-up, based in Amsterdam, has recently atozmp3 announced that it has raised $50 million in a Series A funding round led by 15M. The company, which is focused on the development of 3D printing technologies, plans to use the funds to expand its product line and accelerate its global growth strategy.
The funding round also saw participation from existing investors, including VNV Global and BOM Brabant Ventures. With the toonily latest round, the company has raised a total of $62 million to date.
The start-up was founded in 2018 by a group of Dutch entrepreneurs with a vision to revolutionize the future of 3D printing. The company’s proprietary technology, known as “Selective Thermoplastic Electrophotographic Process” (STEP), is designed to deliver high-quality 3D prints at speeds up to 100 times faster than traditional 3D printing methods.
The STEP technology works by using a combination of inkjet and electrophotography techniques to produce high-resolution prints. The process involves selectively depositing a thin layer of thermoplastic masstamilanfree powder onto a build platform, which is then fused together using heat and light.
The company’s platform has been used by a range of industries, including aerospace, automotive, and medical, to produce complex parts and prototypes at scale. The platform’s speed and precision make it an ideal solution for companies looking to reduce their time-to-market and increase their product development efficiency.
In a press release announcing the funding round, the company’s CEO, Pieter Vos, said, “We are thrilled to have the support of our investors as we continue to push the boundaries of 3D printing technology. Our STEP platform has the potential to revolutionize the way that companies design, develop, and produce parts, and we are excited to bring this technology to more industries and markets around the world.”
The company’s platform has received recognition from a range of industry experts and publications. In 2020, it was named as one of the “Top 10 3D Printing Companies to Watch” by 3D Printing Industry, and it was awarded the “Technology Innovation Award” by Frost & Sullivan.
The funding round comes at a time masstamilan when the 3D printing industry is experiencing rapid growth and disruption. According to a report by MarketsandMarkets, the global 3D printing market is expected to grow from $11.3 billion in 2020 to $34.8 billion by 2026, with a compound annual growth rate of 20.8%.
The report also notes that the adoption of 3D printing technology is expected to increase across a range of industries, including aerospace, automotive, healthcare, and consumer products. The ability to produce complex parts at scale, reduce manufacturing costs, and improve product development efficiency are driving the growth of the industry.
In conclusion, the successful Series A funding round by the Amsterdam-based start-up highlights the growing demand for 3D printing technologies in today’s digital landscape. The company’s proprietary STEP platform, which delivers high-quality 3D prints at speeds up to 100 times faster than traditional methods, has already been adopted by a range of industries and is well-positioned for further growth in the years ahead.
With the support of 15M and other justprintcard investors, the start-up will be able to accelerate its efforts to bring its technology to more industries and markets around the world, revolutionizing the future of 3D printing. As the industry continues to grow and evolve, the company’s platform is poised to play a key role in driving innovation and disruption in the years ahead.