Adaptive3D Technologies (Adaptive3D), an American additive manufacturing company, has reportedly announced that it has secured financing through a Series A investment round, which was co-led by Applied Ventures LLC and DSM Venturing, strategic funding unit of Royal DSM.
Reports cite, the investment round also saw participation from Chemence, a multinational supplier of materials & adhesives and current company investors, including Mary McDermott Cook as well as late Margaret McDermott, whose family had founded Texas Instruments back in 1951.
According to a press release by Adaptive3D, the company is targeting, specifically, the high-throughput production of complex 3D rubber & plastic parts, with mechanical properties that are unmatched, inside a production environment that is open-air.
Royal DSM along with Applied Materials would provide the building blocks of an upcoming additive manufacturing (AM) ecosystem, which would be helping the company as it strives to facilitate materials-centric solutions to companies across the world in industrial, healthcare, oil & gas and transportation sectors.
The Founder & CEO of Adaptive3D, Walter Voit stated that Adaptive3D looks to challenge the throughput, cost & performance across markets that are today dominated by conventional blow molding, injection molding as well as other techniques of thermoplastic processing. Voit further stated, by offering sustainable, lightweight, micro-latticed structures that have superior chemical, thermal, mechanical & optical properties the company looks to drastically boost the utilization of rubbers & plastic in end applications using AM.
The VP of AM, DSM, Hugo Da Silva stated, the company believes that the era of AM for industrial applications is the era of materials. Silva further added that engineered photo resins by Adaptive3D enable new design paradigms across end applications & working along with Applied Materials would enable it to offer solutions on a global level.
Reportedly, the amount raised through the funding round hasn’t been unveiled by the company yet.