Inkbit has raised a total of $45M in equity investments from investors such as Stratasys, DSM Venturing, Ocado, 3M, IMA and Saint-Gobain
Inkbit, the company that built the first 3D printing system driven by vision-based feedback control, has announced the closing of $30M in its Series B round of financing. The new funding, led by Phoenix Venture Partners LLC (PVP), will boost production of the company’s additive manufacturing system, Inkbit Vista, and grow the commercial team to support expansion into the APAC and EMEA regions.
“As the leading investor in materials science enabled technologies, PVP sees the technology Inkbit has commercialized as a total game changer to the additive manufacturing industry because it solves the key bottlenecks preventing 3D printing from being adopted for mass manufacturing of high-quality finished goods. We are pleased to help Inkbit in its scaleup phase and welcome it as the newest member of the PVP portfolio,” said PVP’s Managing General Partner, John T. Chen.
Since spinning out of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT in 2017, Inkbit has raised a total of $45M in equity investments from investors such as Stratasys, DSM Venturing, Ocado, 3M, IMA and Saint-Gobain.
“Inkbit is currently experiencing significant growth and we are excited to have the opportunity to continue to build our talented team and scale the company to meet customer demand,” said Davide Marini, CEO and co-founder of Inkbit.
Marini addded,”The opportunities for additive manufacturing are growing as adoption of 3D printing for full-scale production increases. We look forward to using our raised capital to continue evolving and innovating within this dynamic industry.”
Inkbit Vista, as the company informed, features a patented Vision-Controlled jetting technology that enables real-time, in-process voxel-level control to meet the reliability and performance demands of volume manufacturing. Coupled with the system’s multi-material printing capabilities, the Inkbit Vista unleashes design freedom and enables manufacturers to bring 3D printing of entire assemblies into a full-scale production environment.
