Inkbit Gets $12 Million for its 3D Printing Platform

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Inkbit announced it has completed a successful funding funding round that will be used to fortify its 3D printing business.

The $12 million in equity financing round was led by Stratasys and DSM Venturing, with additional participation from Ocado3M and Saint-Gobain. The new capital funding follows Inkbit’s first $2.8 million round, completed in December 2017. The funds will be used to industrialize Inkbit’s additive manufacturing system to fit the requirements of multi-material and volume manufacturing, expand the set of materials for life sciences, medical and robotics apps.

“We are excited to partner with such an extraordinary team of industry-leading players and impressed by their entrepreneurial spirit and commitment to innovation,” said Inkbit’s co-founder and CEO Davide Marini, in a statement.  “The composition of this syndicate was chosen to maximize the speed of development and commercialization of our platform, with each investor bringing to us their unique expertise in equipment manufacturing, high-performance materials and applications in robotics, medical devices and life sciences tools. Our value proposition to customers is simple: we are adding a layer of machine vision and machine learning to material jetting, increasing its accuracy, reliability and enabling its use with production-grade materials.”

Inkbit, based in Medford, MA, uses computer science to improve manufacturing, with artificial intelligence and machine vision. The startup developed the first 3D printer powered by machine vision and AI to meet speed, precision and reliability expectations of volume production.

Inkbit also announced that Guy Menchik, VP of R&D at Strataysy, Luda Kopeikina Director of DSM Venturing, Paul Clarke, Ocado’s CTO and Magnus Rene, CEO of Ovzon, have all joined Inkbit’s board of directors.