Mosaic Raises $28 Million Funding To Increase Adoption Of Its Automated 3D Printing Platforms
Mosaic Manufacturing Ltd., a producer of multi-material 3D printing expertise, has introduced the completion of a $28 (CAD) million financing spherical led by Idealist Capital. This funding will probably be used to extend using the corporate’s automated 3D printing platforms on the manufacturing unit flooring.
This milestone comes at a time when producers are beneath monumental strain to evolve: shoppers need cheaper, extra sustainably made merchandise, and international provide chains are struggling to maintain up within the face of unprecedented financial and geopolitical challenges.
Mosaic Raises $28 Million Funding
Mosaic, based in 2014, has developed its groundbreaking multi-material 3D printing expertise right into a complete ecosystem of additive manufacturing options, enabling main international firms to reimagine and modernise their polymer provide chains.
Mosaic’s flagship product, Array, integrates patented {hardware}, automation, and software program into a strong industrial 3D printing platform that delivers the flexibleness, price effectivity, and throughput required for real-world manufacturing purposes.
Mosaic’s crew has shipped over 15,000 {hardware} merchandise into the market, and so they’ve used buyer suggestions and their sturdy IP portfolio round automated additive processes to create the subsequent technology of additive manufacturing instruments that may produce components at scale at an unprecedented worth level.
“We’re proud to companion with our prospects in constructing extra resilient, sustainable provide chains powered by Mosaic’s Array. This funding allows us to develop our influence as we deepen our presence in factories throughout the globe”
Mitch Debora, CEO, Mosaic Manufacturing
Automated 3D Printing Platforms
Mosaic is powering manufacturing unit flooring manufacturing for trade leaders in logistics, client attire, defence, schooling, and contract manufacturing, with extra thrilling partnerships to be introduced within the coming months.
Idealist Capital led the financing, with Freycinet Ventures becoming a member of in later.
“Mosaic’s give attention to throughput, high quality and cost-efficiency is unlocking novel purposes for additive manufacturing whereas considerably lowering the often-overlooked waste produced by typical manufacturing processes. Idealist Capital is proud to companion with Mosaic’s crew who’s driving sustainable manufacturing and provide chain resiliency.”
François Boudreault, Accomplice at Idealist Capital
Issues about nationwide safety, geopolitical dangers, and international provide chain disruptions have prompted elevated funding in home manufacturing capabilities. Scaling legacy manufacturing infrastructure alone is not going to handle the present programs’ vulnerabilities and environmental influence.
Mosaic is growing instruments for a extra sustainable resolution: one which makes use of automation, a software-driven digital workflow, and additive manufacturing expertise to localise half manufacturing. This method allows the manufacturing of high-quality items the place they’re required, leading to aggressive half economics whereas lowering reliance on conventional, resource-intensive, and environmentally damaging manufacturing strategies.
“The flexibility to develop and produce customized plastic components at scale, on our manufacturing unit flooring, is nice for our enterprise and new consumer acquisition.”
James McColl, Senior Program Supervisor Microart Companies Inc.
With this funding, Mosaic will be capable to strengthen its management place on this frontier house whereas additionally increasing partnerships with prospects seeking to construct future-ready, sustainable provide chains. Mosaic’s earlier rounds of funding have included Techstars, Actual Ventures, and SOAN, in addition to assist from DDQIC, NGen, IRAP, MaRS, OCE, Enterprise Lab, CTA, and Canada Makes. Over the subsequent few years, Mosaic will allow producers to provide items nearer to the place they’re wanted by deploying Array programs in factories around the globe.
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