Inkbit wants to democratize 3D printing on a large scale thanks to artificial intelligence

Inkbit wants to democratize 3D printing on a large scale thanks to artificial intelligence

3D printing company Inkbit announced it has raised $30 million in a Series B round led by Phoenix Venture Partners LLC (PVP). The startup usually produces a 3D printer that can correct printing errors throughout the process using artificial intelligence. With this funding, the firm hopes to conquer Europe, the Middle East,Africa (EMEA region) and Asia .

Inkbit: an American start-up leveraging AI for large-scale 3D printing

Founded in 2017 by Davide Marini, Javier Ramos and Wojciech Matusik, Inkbit is the spin-off of the Massachusetts Institute of Technology (MIT) CSAIL lab dedicated to research in computer science and artificial intelligence. It is known for designing a 3D printer powered by artificial intelligence and driven by vision-based feedback control.

Named Inkbit Vista, this printer features patented Vision-Controlled Jetting (VCJ) technology that meets the reliability and performance requirements of relatively large-scale manufacturing. Coupled with the system’s multi-material printing capabilities, manufacturers will be able to integrate 3D printing into a large-scale production environment and not just be used for prototyping.

In order to take this a step further, the company has successfully raised an additional $30 million from Phoenix Venture Partners LLC, bringing the total funding to €45 million.

30 million fundraising to conquer the Asian and EMEA markets

Davide Marini, CEO and co-founder of Inkbit, spoke around the technology used in the firm’s printers and the investments his company has managed to raise:

“Inkbit is currently experiencing significant growth and we are excited to have the opportunity to continue to build our talented team and grow the business to meet customer demand. The opportunities for additive manufacturing are growing as the adoption of 3D printing for large scale production increases. We look forward to using our raised capital to continue to evolve and innovate within this dynamic industry.”

John T. Chen, Managing General Partner of PVP, spoke about the reasons that attracted PVP to validate this capital raise:

“As a leading investor in materials science-based technologies, PVP views the technology commercialized by Inkbit as a total game changer for the additive manufacturing industry, as it solves the key bottlenecks preventing 3D printing from being adopted for the mass production of high quality finished products. We are excited to help Inkbit in its scale-up phase and welcome it as a new member of the PVP portfolio.”

With this round of funding, Inkbit aims to appeal to new markets, in Asia and EMEA.

Translated from Inkbit souhaite démocratiser l’impression 3D à grande échelle grâce à l’intelligence artificielle

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