Despite a general downturn in funding for 3D-related startups this year, Divergent's substantial funding round indicates continued investor interest in the sector. The company already collaborates with automotive customers such as Aston Martin and Mercedes-AMG, and is actively working with six U.S. government contractors in the aerospace and defense industry.
Key takeaways:
- Divergent Technologies has raised $230 million in a Series D funding round to speed up the commercialization of its digital manufacturing system that uses generative AI and 3D printing.
- The funding round was led by Hexagon AB, which invested $100 million. Other participants included new and existing institutional and family office investors.
- The Los Angeles-based company has developed a production system for industrial digital manufacturing that replaces traditional solutions. The system uses AI-driven generative design software and 3D printing to create products for various industries.
- Divergent already collaborates with automotive customers like Aston Martin and Mercedes-AMG, and is actively working with six U.S. government contractors in the aerospace and defense industry.