Azul 3D, a prominent player in the polymer 3D printing industry, has successfully closed a substantial $15 million Series A funding round. The impressive backing hails from both existing and new investors who share a collective vision of redefining the possibilities of 3D printing technology.
Standing at the forefront of this significant Series A transaction is DuPont, a global leader renowned for its pioneering breakthroughs in science and technology. DuPont’s role as the lead investor underscores the company’s unwavering commitment to innovation and its belief in the transformative potential of Azul 3D’s cutting-edge High-Area Rapid Printing (HARP) technology.
This funding round also witnessed enthusiastic contributions from Beta Lab and GS Futures, further validating the industry’s excitement surrounding Azul 3D’s visionary approach. Capital injection is earmarked for two pivotal purposes: advancing technology development in high-value applications and expanding production capabilities in key markets. Azul 3D’s proprietary HARP technology is nothing short of a revolution in the realm of 3D printing. At its core, HARP leverages vat polymerization, an innovative process that transforms liquid plastic into solid objects using the precision of ultraviolet light. What sets HARP apart is its unique liquid interface, which remains molecularly flat throughout the continuous printing process. This groundbreaking feature empowers users to craft objects with unparalleled precision, exacting thermal control, and exceptional material properties. DuPont’s involvement as a lead investor is significant for multiple reasons. Firstly, it underscores the company’s dedication to remaining at the forefront of technological advancements. Since 2019, DuPont has been collaborating closely with Azul 3D and currently exploring applications utilizing the LAKE printer installed just last year.DuPont’s investment signals its unwavering belief in the transformative potential of HARP technology. Randal King, Vice President of Technology at DuPont Electronics & Industrial, expressed excitement about the technology’s capacity to create new business opportunities. DuPont envisions Azul 3D’s HARP technology ushering in a new paradigm in manufacturing, ultimately impacting industry standards.
Joining DuPont in expressing confidence in Azul 3D’s HARP technology, Beta Lab’s CEO, Abdulrahman al Olayan, highlighted the groundbreaking nature of Azul3D’s work. He noted that Azul3D is fundamentally changing the supply chain and manufacturing processes, creating products that were once considered beyond the realm of possibility. Beta Lab recognized the potential for HARP technology to disrupt verticals that had long remained stagnant.
Azul 3D’s remarkable achievement in securing $15 million in funding is a testament to the company’s commitment to pushing the boundaries of what is achievable in polymer 3D printing. This investment will undoubtedly accelerate the development and adoption of HARP technology, opening new frontiers in manufacturing, and unlocking innovative possibilities that were once inconceivable.
Azul 3D’s journey promises to reshape the very foundation of polymer 3D printing. The future holds a world where precision, efficiency, and limitless creativity converge, all thanks to the pioneering spirit of innovators like Azul 3D and the unwavering support of visionary investors.
By Sam Davies, 10 October 2023. 16:37. Azul 3D raises $15 million in Series A funding round; DuPont among investors.
This entry was posted in 3D Printing /4D Printing Services/ Industry News/ Business., 3D Printing 4D Printing's Network of Research/ Artificial Intelligence., 3D/4D/5D Printing emergence/ Insights/Community Celebrations., AI Tech/Innovation/Robotics/3D Printing/Business. and tagged 3D Printing, Azul 3D secures $15 million in series A funding for polymer 3D Printing., Innovation, investment, Technology.