Divergent 3D, a Los Angeles, CA-based technology development and licensing company that is creating a sustainable manufacturing revolution in the car industry, is to raise un up to $107 Series B financing.
The financing amounted to $65+m with an additional investor option of $40m scheduled for close on or before December 15, 2017.
The round was led by O Luxe Holdings Limited, with participation from Horizons Ventures, Shanghai Alliance Investment Limited and Altran Technologies.
The company intends to use the funds to further accelerate revenue growth by globally commercializing its additive manufacturing-enabled technology.
Launched in 2014 by Founder & CEO Kevin Czinger, Divergent provides a patented, end-to-end software-hardware solution that incorporates 3D metal printing into the design, engineering and manufacturing of advanced vehicle structures for the automotive and aerospace industries. Its proprietary system automates structural design and optimization for volume manufacturing of lightweight structures without upfront, capital-intensive factory and tooling investments.
In January 2016, the company announced the first close of its Series A financing and received a total of $23m Series A funding. Since then, the technology development and licensing company has signed strategic partnerships with Altran, SLM Solutions and PSA Group (Peugeot, Citroen & DS).