Nexa3D, a Ventura, California-based maker of fast Stereolithography professional-grade 3D printers, received funding from strategic investor XYZprinting and equity crowdfunding platform OurCrowd.
The investment brings the total funding in the company to $10M across various funding instruments.
Leading the round, XYZprinting, a desktop 3D printer brand, will also manufacture and sell Nexa3D printers under the XYZ brand, as well as manufacture other white labeled products on behalf of Nexa3D for industry leaders in other verticals.
Both companies expect to achieve full commercial status during the second half of 2018.
Led by executive Chairman Avi Reichental, Nexa3D is making fast industrial-grade Stereolithography 3D printers affordable to professionals and businesses of all sizes. The company’s printers are powered by proprietary Lubricant Sublayer Photo-curing (LSPc) technology and patented structured light matrix capable of reaching top speeds of 1 cm per minute, reducing 3D printing cycles of precision functional parts from hours to minutes.