US-based 3D printer maker Nexa3D has secured an undisclosed amount of capital in a round led by 3D printer manufacturer and distributor XYZprinting that took its overall funding to $10m.
The round also featured crowdfunding platform OurCrowd. Nexa3D had not previously disclosed details of any venture funding.
Founded in 2014, Nexa3D produces stereolithography (SL) 3D printers it claims work faster than other kinds of 3D printers on the market, reducing printing cycles from hours to minutes. The printers are powered by the company’s lubricant sublayer photo-curing technology.
XYZprinting participated in the round as part of a collaboration deal that will involve it manufacturing and selling Nexa3D printers under the XYZ brand.
Simon Shen, XYZprinting’s chief executive, said: “This comprehensive strategic alliance is designed to accelerate market access to affordable industrial grade 3D printers globally.
“We believe that precision and speed are the name of the game in the world of 3D printing and are pulling all the stops to fast track to market a disruptive photopolymeric 3D printer that reimagines SL 3D printing as we know it.”