Nexa3D, the 3D printer manufacturer, has been able to raise more than $55 million in financing rounds which is led by an undisclosed “multi-billion-dollar” alternative asset manager and OurCrowd and Saudi Aramco Energy Ventures who are the existing investors.
The funds will be used by Nexa3D to fast-track the development and commercialization of a number of new polymer 3D printers along with a new class of performance polymer materials, it will also be used for the acceleration of the development of its proprietary software platform.
The Co-founder and CEO of Nexa3D has said
This financing puts us in a strong leadership position to accelerate the transition of additively manufactured polymers from prototyping to production at scale. We are grateful for the enormous validation we are receiving from our customers and investors during a very challenging operating period and are deeply appreciative of our incredible team who continue to work passionately on advancing our customers’ productivity, supply chain resiliency and sustainability.
The achievement of milestones during Covid-19
The product development and commercial activities has been ramped up in this past year by Nexas 3D to achieve various significant milestones in the company’s evolution, The launch of its flagship system, the NXE 400, was the first one.
The important features of the NXE 400 is that it is a versatile and extra fast 16L industrial 3D printer that is equipped with Nexa3D’s proprietary Lubricant Sublayer Photo-curing (LSPc) which is a 3D printing technology. It has been reported that it can deliver a faster productivity up to 20x increase compared to its competitors. The printer has been brought to effect to produce custom polymer parts required for motorsport applications, along with a number of more common manufacturing tooling purposes.
With the likes of Henkel, Keystone Industries, and BASF the company has been able to form various material partnerships during the pandemic period to form an open materials model. The material library number has been expanded to 16 by Nexa3D and it has also added a wide range of supply chain-approved powder fusion plastics to its product line. This is done to open new use cases and also for the applications for its technology.
The new xCure post-processing system has been launched by the firm In October last year, for photoplastic-based parts. The system is custom-made for the NXE 400 3D printer and it is also said to be capable of post-processing parts on a production scale, the designing of it is accessible and user-friendly.
The NexaX 2.0 software platform has been commercialized by Nexa 3D after a few months to provide a comprehensive file-to-part software thread so as to extend the productivity of its high-speed 3D printers. The software has file slicing capabilities and full manufacturing execution system (MES) workflow functionality, it is also able to cover every aspect of the pre-printing setup stage so that it can optimize polymer part production.
The NXD200 has just been launched last month by the company which is its latest resin-based 3D printer, that is designed specifically for dental applications. Even this has been described as an ‘ultrafast printing engine’, the features of Nexa3D are- LSPc technology, a large build volume, and a 4K resolution LCD screen which can deliver clinic-ready dental parts at a pixel pitch of just 76.5 microns.
Reichental has said, “Despite the unprecedented and challenging operating environment, we achieved strong growth, introduced two ultrafast photoplastic 3D printers, brought a new generation of functional materials to market, added Quantum Laser Sintering capabilities to our portfolio, and attracted a top-tier leadership team,”.
Super-fast production of ultrafast polymer 3D printing
To boost Nexa3D’s manufacturing operations the funds raised which is, $55 million, will be used in order to fulfill growing customer demand the reason is that the company aims to scale its commercial activities worldwide.
Customer acquisition activities and growth in global reseller channel are also certain aspects that the company aims to achieve along with expediting several new products to market.
Several “groundbreaking” polymer 3D printers and a new class of performance polymer materials are the new products that are set to be come to the market in the near future. Along with these plans, the company also wants to continue to develop its NexaX 2.0 software platform to aid its customers’ manufacturing productivity and supply chain resilience.
Reichental also said
Industrial manufacturing technologies need refreshing; supply chains are extremely complex and fragile. What Nexa3D is building is fundamentally transforming and digitizing manufacturing. At its core, Nexa3D’s AM platform opens the door to the next generation of performance polymers that cover the entire design-to-manufacturing cycle.