Azul 3D, a Chicago, IL-based 3D printing company, completed its second stage of seed financing, totaling over $8m.
The funding will be used to advance the company’s proprietary high area rapid printing technology, to launch its first commercial printers, prepare for product launch, recruiting senior leadership, and building its manufacturing facility.
Initially invented and developed at Northwestern University, Azul 3D is a 3D printing company that allows users to print 3D structures from a wide pallet of materials in both the presence and absence of oxygen at a record pace. The initial printers based upon HARPTM are capable of manufacturing parts at production speeds, almost regardless of size, enabling manufacturers to transition from prototype to mass-manufacturing on one streamlined platform.
Azul 3D is scheduled to ship its first printers to beta partners in the first quarter of 2021, with a full launch of production-ready printers at the end of 2021.