Inkbit Secures $30M to Advance Self-Correcting 3D Printing

Inkbit Secures $30 Million in Series B Funding

Inkbit, a spinout from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL), has announced a successful $30 million funding round this week.

This Series B investment was spearheaded by Phoenix Venture Partners LLC, increasing the company’s cumulative funding to $45 million.

Phoenix Venture Partners (PVP) is joined by current investors, including prominent names in the 3D printing sector like Stratasys, DSM Venturing, Ocado, 3M, IMA, and Saint-Gobain.

Foundation and Core Technology

Established in 2017, Inkbit’s origins lie in research conducted with financial support from the Defense Advanced Research Projects Agency (DARPA).

The company currently possesses exclusive licensing rights to the technology originating from this DARPA-funded project.

Inkbit distinguishes itself from other 3D printers through its integrated vision and AI system, which is engineered to detect and rectify errors as they occur during the printing process.

Addressing Challenges in Additive Manufacturing

Errors are a common occurrence – and can be expensive – in additive manufacturing processes.

Inkbit’s technology employs imaging to meticulously scan each layer as it’s printed.

This scan data is then compared to the original design specifications, and adjustments are made in real-time to correct any identified discrepancies.

The latest funding round follows the February launch of the company’s Vista printer, which leverages Inkbit’s Vision-Controlled Jetting (VCJ) closed-loop feedback technology.

Future Growth and Expansion

“Inkbit is presently experiencing substantial growth, and we are pleased to have the chance to expand our skilled team and scale operations to satisfy increasing customer needs,” stated co-founder and CEO Davide Marini.

“As the adoption of 3D printing for large-scale production grows, so too do the opportunities within additive manufacturing.

We intend to utilize this new capital to continue innovating and evolving within this rapidly changing industry.”

The newly acquired funds will be allocated to broadening the sales network for its Vista printer.

This expansion will encompass both the U.S. market and new territories, specifically including regions in Asia and Europe/Middle East/Africa.