US-based 3D printing technology developer Mantle emerged from stealth yesterday with $13m of funding from investors including Hypertherm Ventures, the corporate venture unit for industrial cutting equipment manufacturer Hypertherm.
Venture capital firms Foundation Capital, Corazon Capital, 11.2 Capital and Plug and Play Ventures also took part in the round, along with investment firm Future Shape.
Mantle uses hybrid 3D printing technology to produce high-precision metal parts for tools used in the manufacturing sector. The company’s processes include additive manufacturing and subtractive finishing
Ted Sorom, Mantle’s co-founder and CEO, said: “Manufacturers require proven part quality and performance. By using Mantle printed tooling, they can continue to use the same high-performance thermoplastics and get parts of equivalent or superior quality in less time and at a lower cost.
“We help companies speed their products to market with dramatically faster new product introductions while leveraging their proven mass production expertise.”