Germany-based 3D printing software provider 3YourMind has closed a $12m series A round featuring Trumpf Venture, a subsidiary of machine tools producer Trumpf, and AM Ventures, an affiliate of industrial 3D printing services provider Eos.
Unternehmertum Venture Capital Partners, the investment affiliate of Technical University of Munich, led the round, which included Coparion, a $255m fund backed by the German government, development bank KfW and the EU-owned European Investment Fund.
Founded in 2014, 3YourMind has developed software for industrial 3D printing applications, offering functionality such as automatic optimisation of models and a streamlining of the workflow process.
The company, a spinout of Technical University of Berlin, opened its New York City office in conjunction with the funding announcement and will use the capital to further expand into the US market.
The cash will also enable 3YourMind to begin expanding into Asia and to further develop its software. Hans Langer, founder and chief executive of Eos, previously led a seed round of undisclosed size for the company in 2015.
Aleksander Ciszek, CEO of 3YourMind, said: “The strong demand we are seeing from large, established businesses for our industrial 3D printing solutions confirms this is the future of high-tech manufacturing in the US and globally.
“We are committed to shaping the production processes of digitised factories, and are delighted to have four outstanding strategic partners investing in our vision, including Eos and Trumpf which are global leaders in the industrial 3D printing market.”
– The original version of this article appeared on our sister site, Global University Venturing.