BCN3D is now a standalone company – will boost the IDEX 3D Printing technology with $3 million seed funding
BCN3D has been created within the Polytech University of Catalonia and has gained popularity within the desktop 3D printing market by creating the IDEX 3D Printing technology.
The company has announced that it has now become a standalone company after a funding of $3M backed by VC firms Accurafy4, JME VC and Victoria.
Francesc Torres, Rector at Universitat Politècnica de Catalunya · BarcelonaTech (UPC), stated: “Technology transfer is, along with research and training, our greatest commitment related to the challenges of Industry 4.0 and Additive Manufacturing. The project of BCN3D has been developed within our technological center CIM-UPC and it’s an example of how knowledge can generate value and have a social impact. We are very proud of this new step for BCN3D and we will support their growth from the university.”
The company’s IDEX technology – Independent Dual Extruder – doubles productivity compared to conventional desktop 3D printers. As a matter of fact, over 5000 3D printers of the brand have already been sold through a network of 60 distribution partners worldwide, which is a good news for the company, knowing that the desktop 3D printing market shows a decrease in terms of worldwide revenues.
As a reminder, the company’s printers can be used for prototyping, functional validation as well as manufacturing of tooling, jigs and fixtures.
The funding will now help the company to produce a new range of products. BCN3D’s CEO Xavier Martínez Faneca states: “We are working on a new range of products to improve the experience of our clients and take the IDEX to a completely new level. With this funding, we will be able to ramp-up our production to meet the market demand and cut down the long delivery periods we have experienced in the past due to production limitations”.
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