Inkbit Raises $30 Million in Series B

by Kay Aloha Villamor in August 31st, 2021

Inkbit has raised $30 million in Series B, led by Phoenix Venture Partners LLC, brings the firm’s total funding up to $45 million. 

The round will be used to expand the sales reach of its new printer, both in the U.S. and into additional markets, including Asia and Europe/Middle East/Africa.

Company: Inkbit

Raised: $30.0M

Round: Series B

Funding Month: July 2021

Lead Investors: Phoenix Venture Partners LLC

Additional Investors:

Company Website: https://inkbit3d.com/

Software Category: next-generation additive manufacturing platform

About the Company: Inkbit creates a next-generation additive manufacturing platform that combines 3D printing with machine vision. MIT-trained scientists and engineers combine expertise in industrial systems, design software, and material science to identify and seize opportunities for mass-market additive manufacturing. Inkbit was founded in 2017, building on technology developed with a financial assist from DARPA. 

Source: https://techcrunch.com/2021/07/20/inkbit-raises-30m-for-its-self-correcting-3d-printing-technology/

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