Impossible Objects, a 3D printing and materials company, announced in May that it has raised $4.1 Million in Series B funding.
Chicago-based OCA Ventures, which specializes in equity investments in companies with dramatic growth potential, primarily with a focus in technology, led the round. The company plans to use the funding to help further expand operations and its business reach.
Impossible Objects’ technology leverages high-speed inkjet printing methods to produce high-performance composite parts for the manufacturing industry. The company uses advanced composite-based additive manufacturing technologies (CBAM) to produce stronger parts at a much higher volume. In addition, Impossible Objects now has more design freedom as well as broader selection of composite materials such as carbon fiber and fiberglass which can be combined with high-performance polymers such as Nylon and polyetheretherketone (PEEK).
Impossible Objects announced April 23 that Ford Motor Company recently purchased two Model One 3D printing machines from Impossible Objects. The Model One empowers customers with the ability to create stronger parts, the use of high-quality advanced materials, and faster speeds than other additive manufacturing technologies. Ford will use the machines for research and development.
“We believe there’s huge opportunity for our technology across the $12 trillion global manufacturing market, and we’re honored to have Ford as a customer,” said Robert Swartz, chairman and founder of Impossible Objects in a press release. “We’re looking forward to working with Ford and exploring all the ways the company can use 3D printing at scale.”
Impossible Objects’ machine, the Model One, has won several prestigious industry awards, such as the Society of Manufacturing Engineer’s (SME) 2018 Excellence in Composites Manufacturing Award and the European TCT Technology Innovation Hardware Award.
For more information visit: https://www.impossible-objects.com
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