Ink bit announced the completion of a $ 30 million financing round that will help increase production of the Inkbit Vista 3D printing system.
Led by Phoenix Venture Partners LLC (PVP) will also support Inkbit’s Series B round in expanding its sales opportunities in the United States and expanding its reach to the APAC and EMEA regions. After raising $ 12 million in November 2019 and $ 2.8 million in 2017, the company has raised around $ 45 million since it was spun off from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) four years ago. Received dollars in funding.
In the four years since Inkbit was founded, the company has worked on developing the Inkbit Vista platform, which it officially launched in February 2021. With its patented vision-controlled jetting technology, Inkbit Vista enables real-time, in-process voxel-level control that the company believes will help users meet the reliability and performance requirements of high volume production. Its multi-material capabilities also allow users greater design freedom and the ability to 3D print entire assemblies, with the company envisaging opportunities in the medical and aerospace sectors.
“Inkbit is experiencing significant growth right now and we are excited to have the opportunity to continue building our talented team and scaling the company to meet customer demand,” commented Davide Marini, Co-Founder and CEO of Inkbit. “The possibilities of additive manufacturing are growing as 3D printing for series production increases. We look forward to using the capital we have raised to develop and innovate in this dynamic industry. “
“As a leading investor in materials science technologies, PVP sees the technology that Inkbit has commercialized as a complete turning point for the additive manufacturing industry as it solves the key bottlenecks that prevent 3D printing from being used in the mass production of high quality end products. We are happy to support Inkbit in its scale-up phase and welcome it as the newest member of the PVP portfolio. “
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