Nexa3D, a Ventura, Calif.-based production-grade polymer 3D printers enabling additive manufacturing, closed financing rounds exceeding $55m in funding.
The rounds were led by a multi-billion-dollar alternative asset manager and existing investors, OurCrowd and Saudi Aramco Energy Ventures, with participation from new investors as well.
The company intends to use the funds to bolster its manufacturing operations, scale commercial activities worldwide, expand customer acquisition and customer success operations, grow its reseller channel globally, expedite several new products to market, and extend its overall polymer technology leadership.
Led by Avi Reichental, Nexa3D is a provider of ultrafast polymer 3D printers for the entire product lifecycle from prototyping to manufacturing for professionals and businesses of all sizes.
The software platform optimizes the entire additive production cycle through process interplay algorithms that ensure part performance and production consistency, while minimizing material usage and waste to reduce energy consumption and carbon footprints.