Inkbit Secures $30M In Series B Funding
07/20/21, 12:05 PM
Location
bostonMoney raised
$30 million
Round Type
series b
Inkbit, the company that built the first 3D printing system driven by vision-based feedback control, today announced the closing of $30M in its Series B round of financing. The new funding, led by Phoenix Venture Partners LLC (PVP), will boost production of the company's additive manufacturing system, Inkbit Vista, and grow the commercial team to support expansion into the APAC and EMEA regions.
Company Info
Location
boston, massachusetts, united states
Additional Info
Inkbit strives to eliminate the existing chasm between prototyping and manufacturing to enable rapid, on-demand manufacturing of multi-material, end-use products. Using computer science to improve manufacturing, Inkbit developed the first 3D printer powered by machine vision and real-time feedback control to meet the speed, precision and reliability requirements of volume production. Based in Medford, MA, Inkbit is a 2017 spinout of the Computer Science and Artificial Intelligence Laboratory (CSAIL) at MIT. Inkbit's technology is based on research led by Prof. Wojciech Matusik and intellectual property licensed from MIT. Early supporters include the MIT Deshpande Center, the MIT Industrial Liaison Program (STEX25) and The MIT Engine Network. To learn more about Inkbit, please visit https://inkbit3d.com.