Manuevo – a subsidiary of WVS International Inc. – will continue operating using the Shapeways name less than five months after the company launched in the wake of Shapeways' bankruptcy.
The company will use the funds to drive the expansion of its customer support infrastructures, strengthen its global footprint, and accelerate the growth of its product portfolio.
The Barcelona-based 3D printer manufacturer says the investment, of which figures haven’t been disclosed, has come from ‘established Spanish firms from traditional industrial sectors.’
The acquisition will see Siemens integrate Altair's full range of products, including its generative design, implicit modelling, and additive manufacturing simulation tools.
Protolabs expects to ‘substantially complete’ this restructuring plan within the next year, with affected employees receiving severance and other transition assistance.
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.’
