Azul 3D, a rising high-speed 3D printer producer, has closed a Sequence A transaction of $15 million from present and new buyers. Funding within the firm comes from across the globe, together with from DuPont, a lead investor within the Sequence A transaction. Different buyers from the EMEA and Asia areas embrace Beta Lab and GS Futures.
DuPont has labored with Azul 3D since 2019 and is creating functions that reap the benefits of Azul 3D’s proprietary Excessive-Space Fast Printing (HARPTM) know-how. “We’re very excited concerning the potential of this know-how to create new enterprise alternatives with DuPont,” stated Randal King, Vice President, of Know-how, DuPont Electronics & Industrial. “Our funding underscores our sturdy perception that Azul 3D and its HARP know-how can actually create a brand new paradigm in manufacturing.”
Supporting Azul 3D by the spherical was John Hartner, who has served as CEO since June 2023. Hartner is the previous CEO of 3D printing firm ExOne and has led know-how corporations around the globe for 30 years within the automation, electronics, cleantech and digital printing industries. He has been an early investor and member of the board of administrators of Azul 3D since 2020.
“Azul3D has turn into very centered on high-value, high-volume functions the place we imagine our 3D printing know-how generally is a game-changer,” Hartner stated. “This new financing, notably with the strong valuation, stands out towards the present funding surroundings and reveals the joy surrounding this path and its potential for disrupting manufacturing in focused industries.”
Azul 3D additionally welcomed its latest board member G. Walter “Wally” Loewenbaum, the previous chairman of 3D Methods Corp and founding father of Rocky Level Ventures. “That is probably the most excited I’ve been about photopolymer 3D printing in a very long time,” Loewenbaum stated. “With this know-how, we now have the potential to seize high-value markets and allow modern new merchandise. I’m excited to be part of Azul 3D because it enters this subsequent section.”
The funding facilitates profitable know-how growth in high-value functions. Will probably be used to scale manufacturing in markets, comparable to manufacturing specialty elements for electronics functions and personalised units, that may reap the benefits of Azul 3D’s HARP know-how. HARP, a proprietary type of vat polymerization that converts liquid plastic into strong objects utilizing ultraviolet mild, employs a singular liquid interface that continues to be molecularly flat throughout steady printing and permits customers to construct objects with exact thermal management and glorious materials properties.