In a significant leap towards advancing large-scale 3D printing technology, Illinois-based Azul 3D has successfully garnered $15 million in a Series A funding round. This financial boost, backed by both existing and new investors including global electronics titan DuPont, is set to accelerate the development of Azul 3D's proprietary High-Area Rapid Printing (HARP) technology. The funds are earmarked for advancing technology for high-value applications and expanding production in targeted markets, notably the manufacturing of specialized electronic components and custom devices.
Advancements in HARP Technology
At the heart of Azul 3D's innovative strides is the High-Area Rapid Printing (HARP) technology. This unique vat polymerization technique employs UV light to craft precise, thermally controlled objects from liquid plastic, boasting superior material properties. The HARP technology underpins the LAKE 3D printer, a resin-based machine known for its significant build volume and rapid printing capabilities. Notably, the LAKE 3D printer has showcased unmatched throughput, reported to be up to 2000 times that of similar resin printers, making it a promising tool for various manufacturing sectors including consumer goods, automotive, and industrial tooling.
Strategic Partnerships and New Leadership
The Series A funding saw participation from investors across the globe, including those from the EMEA and Asia regions, with significant backing from DuPont, a leading contributor. DuPont's Vice President of Technology, Randal King, expressed enthusiasm about the potential of HARP technology to create new business avenues. Additionally, Azul 3D's collaboration with DuPont, initiated in 2020, aimed at integrating advanced 3D printing technologies into the electronic materials industry, underscoring the mutually beneficial partnerships Azul 3D has fostered.
In a noteworthy development, the funding round welcomed John Hartner as the CEO of Azul 3D. With a solid 30-year track record in leading global technology companies across diverse sectors, Hartner's leadership is poised to steer Azul 3D towards greater heights. Furthermore, the addition of G. Walter “Wally” Loewenbaum to Azul 3D’s board, a seasoned figure in the 3D printing industry, reaffirms the company's commitment to driving innovation in large-scale 3D printing.
Mapping the Future of Large-Scale 3D Printing
With a fresh influx of capital, enhanced leadership, and robust technology, Azul 3D is well-positioned to navigate the uncharted waters of large-scale 3D printing. The company's journey reflects a blend of financial acumen, technological innovation, and strategic partnerships, paving the way for capturing high-value markets and enabling innovative new products. As Azul 3D steps into this new phase, the large-scale 3D printing landscape is set to witness transformative changes, heralding a new era of manufacturing possibilities.
Sources: 3D Printing Industry, 3DPrint.com
