Wayland Additive, a Huddersfield, UK-based electron beam 3D printing metal additive company, raised £4.2M in funding.
The round was led by Parkwalk Advisors.
The company intends to use the funds to expand operations and to increase in-house production capability.
Led by Will Richardson, CEO, Wayland Additive advances electron beam 3D printing by developing, manufacturing and selling metal Additive Manufacturing (“AM” – 3D printing) machines to industrial end-users such as major players in the aerospace and medical industries. Its technology is based around evolutions from the worlds of scanning electron microscopy and electron beam lithography.
Commenting on the news, Will Richardson said: “Wayland has grown exponentially over the past year, with this latest raise representing a major milestone for our business as we continue to seek additional funding over the coming year. After a successful 2023, we’re setting our sights on further developing our in-house production capacity and increasing our global customer base to enable more sectors to benefit from our cutting-edge election beam printing technology.”
The company was born out of a high precision engineering team, with links to the University of Sheffield’s internationally renowned Department of Materials Science and Engineering.
FinSMEs
23/01/2024