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

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/