Boston Micro Fabrication (BMF), a specialist in microscale 3D printing systems, announced the successful completion of a Series C financing round totaling US$ 43 million. The round was funded by Shenzhen Capital Group Co., Ltd. (SCGC) LED.
Additive manufacturing has been shown to deliver the greatest value when used to create parts that are expensive or difficult to manufacture using traditional methods. In the past, these parts tended to fall into two categories: low volume and/or high geometric complexity. Since its inception in 2016, BMF has addressed a different market need: small, high-precision parts. The demand for millimeter-level parts with micron-level tolerances is increasing, and historically there have been no additive manufacturing systems capable of producing at this level of quality while maintaining good throughput. BMF has changed this paradigm with its microArch 3D printing systems, based on patented Projection Micro Stereolithography (PµSL) technology that can print ultra-high resolution parts (down to 2μm) with unprecedented accuracy, precision and speed.
The investment comes at a time of significant growth for the company. BMF has doubled its install base in the past year and now has installed systems at over 200 customer sites around the world. The company provides high-precision additive manufacturing capabilities for industries driven towards miniaturization, including electronics, medical technology, optics/photonics, microfluidics and cutting-edge research. The company recently expanded its global operations with new, state-of-the-art facilities in the greater Boston area and in Shenzhen, China, as well as additional locations in Chongqing, China and Tokyo, Japan.
“Our business has grown strongly and we plan to apply new capital to further expand our capabilities,” said John Kawola, CEO of BMF. “Our global reach is valued by our customers, and our systems are now being used around the world to both create prototypes of parts that previously could not be 3D printed, and to advance the production of end-use parts where traditional methods are difficult. “
BMF will use the funding to advance product development, sales and marketing, and customer support as the company continues to expand and serve its global customer base.
Find out more about Boston Micro Fabrication here.