3D printer manufacturer Mosaic Manufacturing raised CAD 28 million in a funding round led by Idealist Capital. This funding will accelerate the adoption of Mosaic’s flagship product, Array – an advanced multi-material 3D printing platform designed to transform the production workflow on the factory floor by enhancing cost-effectiveness, reliability, and scalability.
Mitch Debora, Mosaic Manufacturing CEO, expresses “We’re proud to partner with our customers in building more resilient, sustainable supply chains powered by Mosaic’s Array. This funding enables us to expand our impact as we deepen our presence in factories across the globe.”
Mosaic has shipped over 15,000 units, building next-gen Additive Manufacturing tools using its patented technology to meet the demands of its existing customers and attain the part production demand in different sectors like logistics, defense, and consumer goods applications.
Funding also speaks to a growing need to localize production as disruptions and security issues create uncertainty in the global supply chain. Mosaic aims to arm the manufacturer with the ability to localize production and build resilient, ever-changing supply chains. In this new funding round, the ongoing investment was from Freycinet Ventures including previous investors, such as Techstars and Real Ventures.
National security issues, geopolitical concerns & global supply-chain demands have quickened investments in domestic manufacturing abilities. “Mosaic’s focus on throughput, quality & cost-efficiency is unlocking novel applications for additive manufacturing while significantly reducing the often-overlooked waste produced by conventional manufacturing processes. Idealist Capital is proud to partner with Mosaic’s team which is driving sustainable manufacturing and supply chain resiliency,” says François Boudreault, Partner at Idealist Capital.
This model enables goods creation per demand by offering enhanced part economics & reducing the dependency on resource-intensive & hazardous manufacturing processes that disrupt the natural ecosystem.
Being launched in 2014, Mosaic has extended its multi-material 3D printing technology into an inclusive Additive Manufacturing ecosystem based on FFF that enables global firms to review & enhance their polymer supply chains.
Author: Nagarjun M
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