StartupYard, a leading CEE (Central and Eastern Europe) seed accelerator, has invested in Israeli startup PrintSYSt to make 3D printing simpler and more accessible.
PrintSYSt was one of the companies identified during the selection process and was accepted from over 175 candidates worldwide. The Israeli company will join the accelerator program batch 10 in Prague, the Czech Republic.
StartupYard CEO Cedric Maloux said: “Thanks to PrintSYSt, I have discovered that the 3D printing process was very far from being user friendly. I’m very excited by the solution PrintSYSt is bringing to the market. If 3D printing wants to reach mass adoption, the AI-based solution from PrintSYSt is the way forward and this is why we have decided to invest.”
“The Czech Republic is leading in manufacturing capabilities and has already proved itself as an early adopter of 3D printing,” added PrintSYSt CEO Itamar Yona. “It is in the perfect region to penetrate and disrupt the European market. We are thrilled to collaborate with the StartupYard team and its mentors. It’s an important milestone for us. The program will promote our business development in Europe much faster. Thanks to the StartupYard network we have made strong progress in our European penetration plan.”
In February 2018, PrintSYSt entered into a partnership with the Youngstown State University Research Foundation (YSURF) with the aim of making additive manufacturing more accessible. The Israeli startup has developed an AI-powered software that offers users a completely automated 3D printing workflow. A key element of the technology is that it has been designed for non-expert users, making the technology easy to use.