| Market News |
| Oqton |
| Oqton raises USD 40 million in Series A funding round (January 15, 2021) |
| Oqton, a software company specializing in AI-powered solutions in the manufacturing industry, has raised over USD 40 million in a Series A funding round. The funding will be used to expand its cloud-based platform that allows customers to optimize their additive manufacturing workflow. |
| Read more (external link) |
| Desktop Metal |
| Desktop Metal to acquire EnvisionTEC for USD 300 million (January 15, 2021) |
| Desktop Metal has signed a definite agreement to acquire EnvisionTEC for USD 300 million, including cash and issued Desktop Metal stock. While EnvisionTEC adds vertically-focused partners for possible sales of Desktop Metal’s AM solutions, EnvisionTEC’s products are aimed to be distributed by Desktop Metal’s horizontally-focused partners. |
| Read more (external link) |
| Protolabs |
| Protolabs to acquire online manufacturing platform 3D Hubs (January 19, 2021) |
| Protolabs has entered an agreement to acquire 3D Hubs for USD 280 million, including cash and stock, and up to USD 50 million of contingent consideration. The two companies aim to create a large digital manufacturing platform for custom parts. The transaction is expected to close by the end of January. |
| Read more (external link) |
| Burloak Technologies |
| Burloak Technologies approved as metal AM supplier by Boeing (January 28, 2021) |
| Burloak Technologies, a Samuel, Son & Co division, will deliver additively manufactured aluminium AlSi10Mg components to the Boeing BAC 5673 specification. Burloak and Boeing will now work on applying the BAC 5673 specification to programmes for existing and future components. |
| Read more (external link) |
| Technology News |
| Naval Group |
| Naval Group WAAM propeller to marine vessel (January 13, 2021) |
| Naval Group equips the Andromeda, a tripartite minehunter from the National Marine of a new generation propeller realized thanks to the additive metal fabrication. The propeller will accompany the vessel in all its operational missions. The propeller weighs 220 kg and was produced via WAAM. |
| Read more (external link) |
| QuesTek |
| QuesTek awarded USD 1.2 million for the development of Niobium-based alloys for AM (January 21, 2021) |
| The funding awarded from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) will be used to develop novel material solutions for turbine blade alloys and compatible coating systems that can operate in the high temperature and high stress environments of a gas-turbine blade. |
| Read more (external link) |