Evolve Additive Solutions raised $18.99 million in venture funding in a deal lead by Stanley Ventures and other undisclosed investors on March 4.
The company is based in Minnetonka, Minnesota, and in 2017 spun out of Stratasys, a provider of 3D printing services, based in Eden Prairie, Minnesota. Evolve was created to bring the Stratasys proprietary Selective Thermoplastic Electrophotographic Process (STEP) technology to market.
Evolve’s STEP technology offers an alternative to injection molding and other conventional manufacturing processes and is aimed at producing high-volume thermoplastics for multiple industries such as consumer, automotive, industrial, and medical – at faster speeds, higher quality, and lower costs.
Visit www.evolveadditive.com to read more about this company.
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