Money & Funding
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According to Rotherham Business News, AME Group has raised £500,000 from NPIF – Mercia Equity Finance, which is managed by Mercia and is part of the Northern Powerhouse Investment Fund (NPIF), to help expand its 3D print production service and target new markets. AME Group is based in Dinnington, UK,…
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It’s not eactly a great moment for some leading US-based digital manufacturing service providers. Their real businesses are doing rather well, even considering the complex geopolitical and macroeconomic situation, however their dismay performances on the stock market after recently going public, are generating some significant headwinds. That was definitely the…
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A little over a year after defining a SPAC merger to become listed on the NASDAQ, manufacturing services provider Fast Radius, Inc. (Nasdaq: FSRD) filed voluntary Chapter 11 petitions on November 7, 2022. The petitions Add Newwere approved by the United States Bankruptcy Court for the District of Delaware enabling…
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According to Imperial College London, one of their startups, TOffeeAM, has secured £5 million in international venture capital investment, which will support the company’s further development in applying AI to the design of greener and cleaner engines, and other machines. TOffeeAM’s clients already include names such as Boeing and Rolls-Royce, along…
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The good news for Markforged Holding Corporation (NYSE: MKFG), a company looking to enable industrial production at the point of need, is that revenues grew again, by 5% YoY, to $25.2 million, in its fiscal Q3, which ended September 30, 2022. The not-as-good news is that growth slowed significantly if…
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Velo3D, Inc. (NYSE: VLD), a leading additive manufacturing technology company for mission-critical metal parts, reported revenue growth of +119% in Q3 of its fiscal year 2022, totaling $19.1 million. “Our third quarter performance reflects solid execution as we again posted strong year-over-year revenue growth, increased our sizeable backlog and expanded…
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SWISSto12, a company that operates in the aerospace industry as a manufacturer of satellite components, is receiving Solukon’s 200th metal AM post-processing system, the SFM-AT800-S reflects the trend that Aerospace is currently the primary industry for automated depowdering. “Aerospace is the industry with the most Solukon systems in the field,…
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Materialise NV (NASDAQ:MTLS), a leading provider of additive manufacturing and medical software and 3D printing services, grew by 11.7% in terms of revenues in financial Q3 2022, generating revenues of €58.3 million (compared to €52.2 million in Q3 2021). Adjusted EBITDA was €5 million, compared to €9.7 million for the…
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Nano Dimension Ltd. (Nasdaq: NNDM), a leading supplier of additively manufactured electronics (AME) and multi-dimensional polymer, metal & ceramic 3D printers, reported that on a preliminary basis, its unaudited approximated consolidated revenues stand at $10 million for Q3 2022, which represents a 646% increase over the same period in 2021.…
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UK-based spaceflight company Orbex has secured £40.4 million for its Series C funding round, led by a new investor, the Scottish National Investment Bank. The new round of funding will allow the company to scale up its resources as it counts down to the first vertical launch from UK soil,…
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