Divergent Technologies, Inc. Announces Closing Of Upsized $230 Million Series D Capital Raise

Nov 13, 2023•about 2 years ago

Amount Raised

$230 Million

Round Type

series d

Torranceinformation technology & servicesManufacturingSoftware

Investors

Hexagon Ab

Description

Divergent Technologies, Inc. ("Divergent"), the company that has invented, developed, and commercialized the world's first end-to-end digital industrial manufacturing system, announced today that it has completed a Series D equity financing totaling $230 million. The round was led by a $100 million investment from Hexagon AB and included participation from new and existing institutional and family office investors.

Company Information

Company

Divergent

Location

19601 Hamilton Avenue

Torrance, California, United States

About

Divergent has created the world's first end-to-end software-hardware production system for industrial digital manufacturing – the Divergent Adaptive Production System (DAPSTM) – allowing customers to design, additively manufacture, and automatically assemble complex structures for automotive, aerospace, and defense applications. DAPS transforms the economics and environmental impact of manufacturing complex structures for vehicles of all types by optimizing designs, dematerializing structures, and eliminating upfront capex.

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