Developer of microscale 3D printing systems Boston Micro Fabrication (BMF), has closed a Series C round of funding, totaling $43 million. The round was led by Shenzhen Capital Group Co., Ltd. (“SCGC”).
BMF specializes in micro precision 3D printing. Its 3D printers are based on a technology called PμSL (Projection Micro Stereolithography) that leverages light, customizable optics, a high-quality movement platform and controlled processing technology to produce high-resolution 3D prints for product development, research and industrial short run production.
Since its founding in 2016, BMF is investing extra miles to change that traditional view that AM should only address low volume production requirements and/or deliver high geometric complexity.
The demand for parts on the millimeter scale, with micron level tolerance, is on the rise and with its microArch 3D printing systems, BMF is on the right track to address it.
The investment comes during a time of significant growth for the company. BMF doubled its install base in the past year, now with installed systems at over 200 customer locations around the world, bringing high precision additive manufacturing capabilities to industries that are driven to miniaturize, including electronics, medical device, optics/photonics, microfluidics and advanced research. The company also recently expanded its global operations with new state-of-the-art facilities in Greater Boston and Shenzhen, China, with additional locations in Chongqing, China and Tokyo, Japan.
“Our business has scaled strongly, and we plan to use new capital to further expand our capability,” stated John Kawola, CEO of BMF. “Our global reach has been appreciated and valued by our customers, and our systems are now being used all over the world to both prototype parts that previously could not be 3D printed and drive end-use part production where conventional methods are difficult.”
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