Inkbit, a Medford, MA-based next-generation additive manufacturing platform that combines 3D printing with machine vision, raised $30 million in Series B funding.
The round was led by Phoenix Venture Partners LLC, bringing 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 LLC
Round: Series B
Funding Month: July 2021
Lead Investors: Phoenix Venture Partners LLC
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.