Impossible Objects, a Northbrook, Ill.-based 3D printing company, raised a $6.4m in Series A funding.
The round was led by OCA Ventures with participation from IDEA Fund Partners, a technology-focused early stage venture capital firm, Mason Avenue Investments, Huizenga Capital Management, and Inflection Equity Partners.
The company, which has raised a total of more than $9m, intends to use the funds to accelerate its ability to develop the technology and roll it out.
Led by Robert Swartz, founder and Chairman, and Larry Kaplan, CEO, Impossible Objects leverages high-speed 2D graphics technologies to enable companies to use a range of composite materials, including carbon fiber, Kevlar and fiberglass together with PEEK and other high performance polymers, to build strong lightweight parts at scale.
Earlier in 2017, the company debuted its pilot Model One printer and acquired its first customer, the Fortune 500 Jabil Inc., a product solutions company providing comprehensive electronics design, production and product management services to global electronics and technology companies.
The Model One will be commercially available in 2018, and pilot versions of the machine are available now on a selective basis.
FinSMEs
11/10/2017