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3D printer producer Raise3D has closed a Sequence C funding spherical elevating $15.81 million.
With the brand new funds, the agency will look to broaden its product portfolio with new printers and filaments geared in the direction of high-precision industrial manufacturing purposes.
“This funding will propel us to develop a bigger product portfolio for this market, from 3D printers to filaments, with an increasing vary of purposes, particularly for high-precision industrial manufacturing,” stated Edward Feng, Founder and CEO of Raise3D.
Raise3D’s 3D printing portfolio
Having constructed a reputation for itself within the FFF 3D printing market, Raise3D presents a broad vary of 3D printing merchandise starting from dual-extrusion 3D printers to supplies and software program.
The corporate has lately introduced a number of additions to its printer portfolio, launching its new desktop carbon fiber-ready E2CF 3D printer in August final yr. The E2CF is the successor to the agency’s award-winning E2 machine, and options the identical twin extrusion IDEX expertise and versatile construct plate as the unique however with the added functionality of depositing fiber-reinforced supplies.
A couple of months later, Raise3D unveiled its new Pro3 Sequence of extrusion-based 3D printers, an improve on its beforehand launched Pro2 Sequence that includes improved usability, industrial-grade repeatability, and usually larger efficiency.
Most lately, the corporate launched its new large-format RMF500 IDEX 3D printer specifically designed for the manufacturing of enormous industrial-grade elements. Geared up with carbon fiber filament extrusion capabilities, the machine is primarily supposed for purposeful prototyping and small batch manufacturing.
Raise3D has additionally been busy making enhancements on the software program facet of its enterprise, having launched the most recent model of its slicing software program in August final yr, the ideaMaker 4.2.0 Beta, full with one-click integrations with the corporate’s ideaMaker Library software program and several other bug fixes for a extra refined consumer expertise.
Growing a bigger portfolio
With its new $15.8 million funding, Raise3D is seeking to proceed increasing its product portfolio throughout {hardware} and supplies, with future releases presently below improvement.
The corporate says it has proven a “strong” annual turnover progress of 21.5 p.c from 2019 to 2021, and has considerably elevated its market share. In flip, this has gained the agency a rising pool of traders which have contributed to the most recent agency’s newest funding effort.
As of February 2022, Raise3D has offered round 10,000 skilled 3D printers worldwide, whereas its ideaMaker providing is being utilized by greater than half 1,000,000 individuals throughout the globe. Moreover, some 30,000 companies and people make use of the agency’s RaiseCloud printer administration and monitoring software program.
Alongside its {hardware} and software program providing, Raise3D gives a wide-ranging skilled FFF filament vary, of which a newly launched industrial phase incorporates PA12 CF and PPA filaments. The agency’s frequently increasing Open Filament Program (OFP) additionally permits Raise3D customers to get the very best out of their prints utilizing third-party filaments.
“We are going to make investments constantly within the analysis and improvement of high-performance 3D printing supplies, reminiscent of steel, ceramic, and fiber-reinforced composite filaments, offering the reproducibility required for industrial manufacturing, and empowering clever industrial manufacturing,” stated Feng.
“We’re very assured within the subsequent stage of our merchandise, and our prospects are additionally very a lot wanting ahead to our future releases.”
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Featured picture exhibits Raise3D’s 3D printer portfolio. Picture through Raise3D.
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