nTop believes that by folding cloudfluid into the business, applications in aerospace, defence, and turbomachinery - 'where fluid dynamics are crucial' - will be expanded.
Sintavia is the first organisation to receive capital from the investment and will use the cash to refinance existing equipment loans and provide general working capital for the business.
The large format additive manufacturing specialist hopes to build on its 25% revenue increase as it unveils the company’s new 3D printing robot demonstration centre.
On the latest episode of the Additive Insight podcast, we're joined by Shapeways CEO Marleen Vogelaar and COO Jule Witte to discuss how the pair helped to rescue the Shapeways brand and what comes next for the company.
The metal additive manufacturing company says Sidwell will ‘support the company's growth objectives and lead its sales and business development teams’ and ‘achieve its new corporate vision.’
Desktop Metal has filed a second lawsuit against Nano Dimension, with the company now alleging that Nano breached the terms of their merger agreement when it moved to acquire Markforged last September.
Existing investors Techstart, Innovation Ulster Limited, and Clarendon were joined in the fund-raising effort by three new investors: 57 Stars, Whiterock, and Innovate UK.
It comes after the company denied it had entered bankruptcy in November, responding to rumours that were sparked by its decision to pull out of the Formnext exhibition at late notice.
Velo3D has come under new ownership after Arrayed Additive, Inc. exchanged approximately 22.4 million USD (81.7%) of its outstanding senior secured notes & 369,USD of accrued interest for 185,151,333 newly issued shares of the company's stock.
