Castor, an Israeli 3D printing tech company, raised $3.5m in a seed+ funding round.
The round includes two new investors:
- Xerox, a global technology company, which recently launched its ElemX 3D liquid metal printer for Metal Additive Manufacturing,
- Spring Ventures, a Tel Aviv based publicly traded company, led by Aviv Refuah,
- Evonik Venture Capital,
- Jeremy Coller,
- TAU Ventures, and
- Chartered Group.
Founded in November 2017 by Omer Blaier, CEO, and Elad Schiller, CTO, Castor helps manufacturers automatically identify and maximize Additive Manufacturing opportunities. Its platform, cloud-based or ‘on prem’, analyzes parts to identify which are a good fit for 3D printing, both technically and economically, suggests best-match materials and 3D printing technology, carries out geometric analyses, identifies redesign opportunities, compares the cost of additive printing to traditional manufacturing, and simulates the likelihood of failure.
Using it, manufacturers are able to:
- Analyze thousands of CAD files to efficiently assess which parts are suitable for additive manufacturing
- Identify optimal materials and printing technology for production
- Validate the design and evaluate failure risk using CASTOR’s stress test simulation