Wayland Additive, a Huddersfield, UK-based electron beam 3D printing manufacturer, raised £4.6M in funding.
Backers included Longwall Ventures, Parkwalk Advisors, ACF Investors, and Metrea Discovery.
The company intends to use the funds to increase its in-house production capability to deliver more machines and materials to customers, further hire, as well as support further research and development.
Led by CEO Will Richardson, NeuBeam manufactures and sells the Calibur3 metal additive manufacturing (“AM”, otherwise known as 3D printing) machines to end-users who require high precision and complex components (often made from advanced metal alloys) in areas such as the aerospace, mining, and medical industries. Wayland’s machines allow customers to print highly specialised ‘super materials’, like the world’s hardest steel or tungsten, remotely and on demand. These materials, which can be used in high temperature and high wear applications, also enable the development of new downstream technologies in a wide range of industries.
Customers include the RAF (UK), and Exergy Solutions (Canada) with the next shipments starting in May to North America, Europe and beyond.
FinSMEs
19/04/2023