The funding comes from Luxembourg Space Sector Development, EIT Raw Materials, with further support from the "Young Innovative Enterprise" initiative from the Ministry of Economy of Luxembourg.
The Fund has been set up to support the White House’s AM Forward initiative, which was created in 2022 with the aim of supporting smaller manufacturers in adopting additive manufacturing technology.
As part of this investment, Freeform will join the NVIDIA Inception program, leveraging NVIDIA’s accelerated computing platform to ‘supercharge’ its existing AI-driven metal 3D printing platform.
This latest round of funding will now be used to speed up the development of Conflux Production Systems, which is described as an end-to-end manufacturing solution capable of replacing traditional heat exchanger manufacturing processes.
With this additional capital, the company hopes to accelerate these developments to meet the ‘timelines of customers who are eager to adopt this cutting-edge technology.’
The vote was held at a special meeting of Desktop Metal shareholders, with 96% of the total shares participating in the vote being cast in favour of the acquisition.
Nano Dimension CEO Yoav Stern and Markforged CEO Shai Terem joined an investor call to share details on the motivation behind the acquisition, where their technologies fit together, and plans for profitability.
TCT Group Content Manager Sam Davies charts the journey of Shapeways, from 3D printing pioneer to public company, and bankruptcy to its recent rebirth.
The Canadian 3D printer manufacturer says the funding will enable it to bolster its position in the AM space and expand customer partnerships focused on building ‘future-ready sustainable supply chains.’
