Weav3D Closes $1 Million Safe Raise To Fund The Commercialization Of Next-Generation Composite Technology
Weav3D Closes $1 Million Safe Raise To Fund The Commercialization Of Next-Generation Composite Technology
05/24/21, 6:07 PM
Location
norcrossWEAV3D Inc., an innovator in composite materials, manufacturing processes and processing equipment, announces it has recently closed a $1,000,000 Simple Agreement for Future Equity (SAFE) raise, thanks to participation from the Castellan Group, Propel(x) and Entuitive. This investment will support the expansion of WEAV3D’s engineering and sales teams to scale up the company’s commercialization activities over the next year.
Company Info
Location
norcross, georgia, united states
Additional Info
WEAV3D Inc. is an innovator in composite materials, manufacturing processes and processing equipment. Headquartered in Norcross, GA, they originated as a technology startup within the Materials Science and Engineering department at the Georgia Institute of Technology. The patent-pending WEAV3D composite forming process enables the production of optimized lattice structures that can be combined with injection molding or thermoforming processes to create lightweight structural composite parts at a fraction of the cost and cycle time associated with traditional composite manufacturing. These innovations enable companies in industries such as automotive, aircraft, wind turbines and cargo transportation to produce parts that are lighter, stronger and less expensive. Learn more: www.weav3d.com.