Mosaic secures funding, proving that success is possible even in such a tough times!
Mosaic secures funding, proving that success is possible even in such a tough times!
The Atomic Layers: S2E19 (00045)
Atomic Layer of the Day:
It turns out that positive things are happening in the 3D printing industry as well. Companies are not just going bankrupt or losing large amounts of cash, but are managing to run profitable businesses and secure funding for further development, even during times of crisis.
Mosaic Manufacturing has just announced the completion of a CAD 28 million financing round led by Idealist Capital. These funds will be used to accelerate global expansion and operational growth, as well as to increase the adoption of the company's automated production platforms, such as the Array system.
The Array is an additive FFF production system that integrates 3D printing automation, software, and patented hardware solutions. It consists of several integrated 3D printers, filament banks with different colors and properties that are automatically loaded into the machines, and a system for unloading build plates with finished prints and storing them.
With this technology, companies can produce custom plastic parts on-site, which leads to cost savings and new business opportunities. The system has already attracted attention from companies in logistics, fashion, defense, education, and contract manufacturing.
Aside from the innovation and capabilities of the Array, Mosaic deserves praise for securing such impressive funding in these challenging circumstances for the AM industry.
Congrats!
Atomic Layer from the Past:
09-19-2023: Meltio released Robotic Cell for DED metal 3D printing.
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