9T Labs AG, composite 3D printing equipment and software OEM, announced that it has raised $17M USD in series A funding round. This new investment will be used to commercialise its Red Series software. The funding was raised from renowned companies like Stratasys, Solvay Ventures, Wingman Ventures, Verve Ventures, Zürcher Kantonalbank and ACE & Company
“I have been impressed by the company’s unique solution and am very excited to help the team to bring this technology to manufacturing companies around the world.”– John Hartner, former Chief Executive Officer of ExOne
Following the investment round, John Hartner, former CEO of ExOne, will be appointed chairman of the 9T Labs board of directors. Hartner is a seasoned executive with over 30 years of experience in the automation, semiconductor, clean technology, and 3D printing industries.
Red Series Software
9T Labs has developed an innovative Red Series® Additive Fusion Solution™ platform for the production of advanced carbon fiber-reinforced thermoplastic (CFRTP) composite 3D printing parts.
The 9T Labs technology platform enables the production of desktop size high-performance structural parts in CFRTP composites at production volumes ranging from 100 to over 100,000 parts per year. By combining software, 3D printing — which provides unparalleled design freedom, part complexity, and fibre orientation control — and compression moulding in matched metal dies — which provides rapid cycle times, high production rates, excellent surface finishes, and low voids, as well as high repeatability and reproducibility (R&R) — 9T Labs’ Red Series platform offers the best of both additive and existing manufacturing to create a more sustainable and high-performance alternative to traditional metal and plastic manufacturing technologies.
Fortune 500 aerospace companies use it to lightweight future mobility programs, medical corporations use it to reduce material waste when manufacturing medical instruments, and the leisure and luxury industry uses it to provide consumer products with increased functionality.
According to Adam Pawloski, VP Manufacturing Solutions at Stratasys, “9T Labs has combined the simplicity of 3D printing with the strength of continuous carbon fiber composites, and that’s an exciting development for our industry. Their Additive Fusion Technology leverages the benefits of printing, automated tape laying, and compression molding to deliver fully dense parts with multidirectional reinforcement. Moreover, this technology scales to the volumes of production parts needed by serial manufacturers. The end result is a solution with the potential to dramatically shift the industry away from metal and towards composite parts.”
“As a leading supplier of thermoplastic composites technologies, we are excited to contribute our materials expertise to help accelerate 9T Labs’ developments in the 3D printing space to produce structural composite parts.”– Fabrizio Ponte, head of Thermoplastic Composites Platform, Solvay SA
The money raised during the Series A investment round will be used to fund the next phase of growth at 9T Labs to help its customers ramp up their applications to mass volumes, complement the current material portfolio, and develop future technology platforms.
Martin Eichenhofer, 9T Labs co-founder and CEO concluded by saying, “This round of investment and the combined expertise with our partners will allow us to make the next big leap in commercialisation and fulfilling our mission to enable widespread replacement of metal parts with fully recyclable high-performance carbon composite materials. Through this support, we will be able to demonstrate things we could not have imagined 10 years ago.”
Red Series® software is the registered trademark of 9T Labs AG
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